Inchcape to sell Russia business after Ukraine invasion
15th Mar 2022 07:47
(Sharecast News) - Car dealership operator Inchcape said it was offloading its Russian business - which accounted for around 10% of group sales last year - after the invasion of Ukraine made it "untenable" to operate in the country.
Read moreStrong demand boosts profits at car dealership Inchcape
24th Feb 2022 08:04
(Sharecast News) - Car dealership Inchcape posted a rise in full-year profit on Thursday as it highlighted strong demand, and announced a £100m share buyback programme.
Read moreInchcape unveils mid-term expectations under new strategy
17th Nov 2021 08:36
(Sharecast News) - Inchcape took the wraps off its new strategy at its capital markets day on Wednesday, and updated the market on its medium-term outlook under that strategy.
Read moreInchcape lifts 2021 profit guidance after strong Q3
28th Oct 2021 07:37
(Sharecast News) - Car dealership Inchcape lifted its 2021 profit expectations on Thursday following a "strong" third-quarter performance.
Read moreInchcape revenue rises as gross margin remains resilient
29th Jul 2021 07:31
(Sharecast News) - Inchcape reported a 37% improvement in group revenue on an organic basis for its first half on Thursday, to £3.9bn, with growth coming in at 30% on a reported basis, with underlying revenue 3% below 2019 levels, pre-pandemic.
Read moreMonday broker round-up
21st Jun 2021 13:05
(Sharecast News) - SSE: Jefferies downgrades to hold with a target price of 1,680p.
Read moreInchcape FY profit to beat market views after strong first half
18th Jun 2021 07:59
(Sharecast News) - Car dealership Inchcape said on Friday that its full-year pre-tax profit is set to be "significantly ahead" of market consensus of £216m after a better-than-expected performance in the first half.
Read moreInchcape reports Q1 revenue above expectations
29th Apr 2021 07:52
(Sharecast News) - Automotive distributor Inchcape said it expected 'material growth' in profits and an improved 2021 operating after better-than-expected first-quarter.
Read moreInchcape agrees sale of St Petersburg operations
22nd Apr 2021 08:25
(Sharecast News) - Independent automotive distributor and retailer Inchcape has agreed the sale of its Toyota and Audi retail operations in the Russian city of St Petersburg, it announced on Thursday, to local market operator KlyuchAvto.
Read moreInchcape confirms return to dividend as it swings to statutory loss
25th Feb 2021 09:38
(Sharecast News) - Inchcape reported a 19% organic fall in group revenue in its final results on Thursday, to £6.8bn, on an organic basis, and a 27% decline on a reported basis.
Read moreInchcape lifts guidance, considers reinstating dividends
10th Dec 2020 07:44
(Sharecast News) - Automotive retailer Inchcape said full-year profits would be "materially ahead" of expectations and was considering reinstating its dividend after a better-than-expected performance in November.
Read moreInchcape Q3 trading ahead of expectations but outlook uncertain
5th Nov 2020 09:15
(Sharecast News) - Car dealership Inchcape hailed better-than-expected third-quarter results on Thursday as its business bounces back from the disruption caused by the Covid-19 pandemic, but warned it still can't provide any guidance due to the uncertain outlook.
Read moreWednesday broker round-up
26th Aug 2020 13:16
(Sharecast News) - Inchcape: JP Morgan upgrades to overweight with a target price of 595p.
Read moreJPMorgan upgrades Inchcape, downgrades Signature Aviation
26th Aug 2020 07:58
(Sharecast News) - Shares of car dealership Inchcape got a boost on Wednesday as JPMorgan Cazenove upgraded the stock to 'overweight' from 'neutral', saying it has been positively surprised by the strength of the company's cash flow, with carefully controlled working capital pressure.
Read moreInchcape to cut jobs as Covid shutdowns force first-half loss
30th Jul 2020 08:15
(Sharecast News) - Car dealer Inchcape said it would be cutting jobs globally as it swung to a first-half loss due to Covid-19 shutdowns.
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