Cazoo to cut 750 jobs in UK and across Europe amid recession fears

Online car seller says business realignment' needed to protect profits in face of tougher economic times

The online car seller Cazoo announced it is cutting about 750 jobs across the UK and elsewhere in Europe, as it warned of recession and consumer cutbacks.

The British company, which opted to make its stock market debut in New York rather than London last year with a value of $7bn (5.5bn), is looking to cut costs by more than 200m by the end of next year.