FRENCH tyremaker Michelin yesterday warned that rising rubber prices and an unclear market outlook were making it "extremely vigilant", after it missed forecasts for 2009 net profit.
By The Newsroom
Published 12th Feb 2010, 21:33 BST
Updated 12th Feb 2010, 21:42 BST
The group, hit by the global downturn, confirmed its target of generating positive free cash flow in 2010, and proposed an unchanged 1 dividend for 2009.
Michelin, which runs a plant in Dundee, did not give a forecast for 2010, which unnerved investors who had hoped for a recovery.