Company
Inchcape PLC
LON:INCH
Inchcape is the leading independent multi-brand automotive distributor and retailer, operating in 32 markets with a portfolio of the world's leading automotive brands. Inchcape has diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, finance and insurance. The company has been listed on the London Stock Exchange since 1958, is headquartered in London and employs around 17,800 people.
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FTSE 100 fails to join in the festive mood, closing up 4 points
The mid-morning rally fades and London's blue chip index closes a shortened trading session little changed
Inchcape acquires 70% stake in Chilean car distributor
Adding £130mln in revenue, the deal expands the car retailer's distribution footprint in the Americas region
Inchcape reverses out of Russia
This is quite a big issue for Inchcape, as its Russian retail operations contributed around 10% of group sales in 2021
Inchcape posts better-than-expected third-quarter results as business recovers from coronavirus disruption
In an update for the period from July 1 to September 30, 2020, the company said group revenue fell by 10% on an organic basis to £1.9bn, and by 19% on a reported basis, but that was ahead of its expectations