Inchcape's 2015 profit and revenue edge up
15th Mar 2016 08:20
(ShareCast News) - Automotive distributor and retailer Inchcape reported a small rise in full year pre-tax profit as revenue edged higher amid strong UK sales. In the year to the end of December, reported pre-tax profit rose to £262.6m from £255.8m in 2014 as revenue nudged up to £6.8bn from £6.7bn.
Read moreInchcape appoints Richard Howes as CFO
9th Feb 2016 07:55
(ShareCast News) - Automotive retail and services company Inchcape has appointed Richard Howes as its new chief financial officer. Howes replaces John McConnell, whose departure from the group was announced in October, and will join the board on 11 April. He is currently CFO of industrial thread an
Read moreInchcape on track for 'robust' full year
22nd Oct 2015 07:54
(ShareCast News) - Car distributor and retailer Inchcape said it was on track to deliver a "robust" full-year performance, as it reported third-quarter trading in line with its expectations. Group revenue was up 9.4% at constant currency to £1.74bn compared to the same period last year, while like-f
Read moreInchcape finance director John McConnell to step down
13th Oct 2015 07:28
(ShareCast News) - Inchcape's finance director John McConnell has tendered his resignation and will leave the company in March 2016 after 16 years. The car dealership group said McConnell plans to return to his native Australia and the board has already begun a succession process. Chairman Ken Hann
Read moreInchcape's Vicky Bindra resigns as non-exec, Nigel Stein appointed
8th Oct 2015 09:37
(ShareCast News) - Inchcape said Vicky Bindra has resigned as a non-executive director with immediate effect following his appointment to a new executive role and relocation to San Francisco. Nigel Stein will be appointed as a non-executive director with immediate effect and will join the Audit Comm
Read moreFTSE 250 movers: Miners and automotive links hit mid-caps
14th Sep 2015 17:05
(ShareCast News) - Like its larger benchmark counterpart, the FTSE 250 index pared early gains to finish Monday's session in negative territory. By the close, the second-line index was down 0.25% to 16,925.69 points. Platinum miner Lonmin, one of the index's most volatile stocks, was down by more t
Read moreInchcape surges despite decline in interim profit
30th Jul 2015 10:54
(ShareCast News) - Car distributor and retailer Inchcape said its pre-tax profit declined in the first half of the year as currency headwinds weighed heavily on its results. The group posted a 5% year-on-year decline to £153m, although revenue climbed 3% to £3.4bn and like-for-like revenue on a cons
Read moreFTSE 250 movers: Booker soars on retail bid, Inchcape hit by weaker revenue
21st May 2015 13:20
London's secondary equity index was inching higher on Wednesday afternoon, buoyed by stronger than expected retail sales and strong performances from mining, telecommunications and pharmaceutical stocks. As of 3:40, the FTSE 250 was trading 4.4 points higher at 18,140. Food wholesaler Booker jumped
Read moreInchcape starts 2015 in line with expectations but weak euro hits revenue
21st May 2015 10:12
Inchcape said it has started this year in line with expectations thanks to solid demand in its vehicles and aftersales businesses and growth across its markets, as it reported a 0.9% drop in revenue in the four months to the end of April due to a weak euro. The automotive retail and services company
Read moreFTSE 250 movers: Spirax-Sarco dips on sluggish order growth, Zoopla reverses
11th May 2015 13:33
Life sciences, seals and controls outfit Diploma topped the fallers after disappointing investors with a cautious outlook, saying it still sees "headwinds to organic growth". Numis Securities lowered its rating on the stock to 'hold' from 'add', saying it was looking "for a better entry point into t
Read moreBomhard begins life as Inchcape's new CEO
1st Apr 2015 09:45
Automotive distributor and retailer Inchcape has confirmed Stefan Bomhard joined the company as its new chief executive on 1 April. "I am delighted to be joining Inchcape," said Bomhard. "I look forward to working with my new colleagues to further build on the Company's success." On 30 January, th
Read moreWednesday broker round-up
11th Mar 2015 11:50
Ashtead: Credit Suisse lifts target to 1,300p from 1,220p and reiterates outperform. Cairn Energy: Jefferies lowers target to 172p from 220p and downgrades to hold. RBC downgrades to neutral. Inchcape: Exane BNP reiterates outperform, raises target to 920p from 850p. BG Group: Credit Suisse lowers
Read moreFTSE 250 movers: Esure slides on profits woe, Inchcape higher on earnings growth
10th Mar 2015 14:16
Insurer Esure topped the fallers after saying that annual profits declined 12.8% on the back of challenging conditions in the insurance market and costs associated with the takeover of Gocompare, leading to some big broker downgrades. Premier Oil was also trading lower despite news it has started ga
Read moreInchcape saw operating cash-flows almost double in 2014
10th Mar 2015 07:50
An acceleration in its sales momentum drove a fifth consecutive year of double-digit earnings growth at Inchcape, as business continued to power ahead in Australasia and South Asia. For 2014 the automobile franchisee retailer reported a 10% increase in full-year revenues at constant currencies to re
Read moreFriday broker round-up UPDATE
24th Oct 2014 10:11
Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation. African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating. Canaccord Genuity reduces target price from 330p to 275p keeping a buy recommendation. Numis moves
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