Inchcape upbeat on solid first quarter of trading
27th Apr 2023 08:23
(Sharecast News) - Automotive distributor Inchcape reported a positive start to the year in a first-quarter update on Thursday, with its full-year results set to be in line with published market consensus.
Read moreInchcape to buy Mercedes-Benz Indonesian business with local partner
31st Mar 2023 07:13
(Sharecast News) - Inchcape said on Friday that it has agreed to buy Mercedes-Benz's Indonesian business with its local partner, Indomobil, for an undisclosed sum.
Read moreDirector dealings: Inchcape director makes share purchase
27th Mar 2023 15:26
(Sharecast News) - Inchcape revealed on Monday that non-executive director Byron Grote had acquired 15,000 ordinary shares in the London-listed automotive retailer.
Read moreInchcape profits rise 50% on demand, higher prices
23rd Mar 2023 07:03
(Sharecast News) - Shares in Inchcape fell sharply on Thursday, despite the automotive distributor reporting a rise in annual earnings driven by growth in new and used vehicle sales and higher prices.
Read moreCiti starts coverage of Inchcape at 'buy'
16th Feb 2023 10:28
(Sharecast News) - Citi initiated coverage on car dealership Inchcape on Thursday with a 'buy' rating as it said the company's opportunity to consolidate automotive distribution in less than 1 million sales end markets is unique.
Read moreInchcape to take controlling stake in CATS Group
17th Jan 2023 07:40
(Sharecast News) - Inchcape said it was taking a controlling stake in the CATS Group of the Philippines and forming a joint venture with the distributor of luxury vehicles.
Read moreBerenberg slightly raises target price on Inchcape
6th Jan 2023 10:32
(Sharecast News) - Analysts at Berenberg slightly raised their target price on automotive distribution, retail, and services company Inchcape from 1,035.0p to 1,085.0p on Friday following the group's acquisition of Derco.
Read moreInchcape Derco takeover cleared by Peru
23rd Dec 2022 07:03
(Sharecast News) - Auto distributor Inchcape said Peruvian authorities had cleared its planned £1.3bn takeover of Derco, with completion of the deal expected to take place by the end of the year.
Read moreInchcape CFO de Zoeten steps down
28th Nov 2022 07:26
(Sharecast News) - Car dealership Inchcape said on Monday that chief financial officer Gijsbert de Zoeten has voluntarily tendered his resignation and will be standing down with immediate effect.
Read moreInchcape lifts FY profit expectations after strong Q3
27th Oct 2022 07:56
(Sharecast News) - Car dealership Inchcape lifted its full-year profit expectations on Thursday following a strong performance to date.
Read moreInchcape reiterates timeline for completion of Derco acquisition
6th Oct 2022 08:08
(Sharecast News) - Inchcape reiterated its estimated timeline for completion of the acquisition of Derco, the largest automotive distributor in Latin America.
Read moreInchcape buys Latam car distributor Derco; H1 profits grow
28th Jul 2022 14:45
(Sharecast News) - Car dealership Inchcape posted a rise in first-half profit and revenue on Thursday as it announced the acquisition of Latin American automotive distributor Derco for £1.3bn.
Read moreInchcape FY profit to beat market expectations
16th Jun 2022 07:12
(Sharecast News) - Car dealership Inchcape said on Thursday that full-year pre-tax profit was set to beat market expectations as it has continued to trade strongly and ahead of its expectations since its first-quarter update at the end of April.
Read moreStrong demand helps drive Q1 revenues at Inchcape
28th Apr 2022 08:05
(Sharecast News) - Inchcape reported a strong start to the year on Thursday, as strong demand continued to outpace supply.
Read moreInchcape buys 70% stake in Chilean car distributor
28th Mar 2022 07:17
(Sharecast News) - Car dealership Inchcape said on Monday that it has bought a 70% stake in Ditec - the distributor of Porsche, Volvo and Jaguar Land Rover in Chile - for an undisclosed sum.
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