Trading Statement

RNS Number:6079U
Bristol & London PLC
26 January 2004



                              Bristol & London plc

                                 Trading Update



Bristol & London, the specialist credit hire vehicle replacement company,
announces that the results of the Company for the year ending 31st January 2004
will be below current market expectations.



The Company continues to enjoy strong sale performance in line with market
expectations.  Since October, however, the Company has experienced increasingly
competitive trading conditions with the effect that, in order to maintain its
share of the market, the cost of sales has increased.



The Company still intends to maintain a dividend cover of one and a half times
distributable earnings.



The Company has already identified cost savings, to be implemented with effect
from 1st February 2004, which will mitigate the unexpected higher cost of sales.
  Because the full impact of these savings will not materialise immediately, the
outcome for the year ending 31st January 2005 may be lower than current market
expectations.



The Company expects to release its preliminary announcement for the year ending
31st January 2004 on Wednesday 31st March 2004.





Enquiries:    Richard Abel, Chief Executive - 07831 556 222

              Andrew Daw, Finance Director - 07973 844 242

              Barrie Newton, Managing Director - Rowan Dartington & Co. Limited

              - 0117 933 0011


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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