Investments and investor services
Kingfisher and Tate & Lyle key names in diary as spotlight falls on UK consumer
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
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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Retailers in focus for coming week, with Marks & Spencers, Kingfisher, and Halfords set to update
Aside from the retails, the week ahead includes results from utilities Pennon PLC, Severn Trent PLC, United Utilities PLC, and SSE PLC, plus updates from Ryanair PLC and Britvic PLC, and the latest UK inflation numbers
Inchcape expands further in Latin America with around £200mln cash acquisition of Suzuki-focused Grupo Rudelman
The FTSE 250-listed firm said Grupo Rudelman, a family-run business, has built and maintained strong market positions and scale as the distributor and exclusive retailer for Suzuki in both Costa Rica and Panama
Inchcape shares weak as it warns of challenging year ahead although 2017 profits see strong growth
Stefan Bomhard, Inchcape's group chief executive, said: “In 2018, we anticipate a more challenging year given continued supply and demand imbalance in our Retail markets particularly over the first half of the year"
Investments and investor services
FTSE 100 closes in red as Powell's hawkish tone gives traders jitters
New Fed supremo Jerome Powell will likely stick to a gradual, three hikes scenario, but the case for a faster pace of tightening is growing stronger, according to Nordic investment bank, SEB
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Standard Chartered to take the bow for banking results, as Persimmon starts for the housebuilders
Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC
Inchcape shares in reverse gear after broker starts coverage of car retailer with a negative call
BarCap said UK earnings were under pressure and Singapore (17% of profits) was at the top of the cycle
ASOS upgraded by Deutsche Bank as part of New Year review of retail sector
Deutsche Bank has identified a number of themes for the retail sector: continue to favour online clothing sellers over bricks & mortar operations; beware of "value traps" and turnaround plays
FTSE 100 ends the week on a firm note
The blue-chip index finished the day above the 7,500 level
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RBS to wrap up week of banking results on Friday
Aside from RBS, third quarter updates from British Airways-owner IAG and drugmaker Shire are also due
Inchcape boosted by emerging markets, forex and acquisition as Brexit dampens new car demand in UK
Chief executive Stefan Bomhard said: "The group has been able to deliver a strong revenue performance over the quarter despite continued margin pressures in some retail markets”
Lloyds, Barclays and RBS under the microscope with release of third quarter earnings
The week ahead includes third quarter earnings from Lloyds, Barclays and RBS along with trading updates from Shire, IAG and GSK
Inchcape reports a solid increase in revenues, unveils expansion in Estonia
The FTSE 250-listed group said its group revenue was £2.91bn in the four months to the end of April , up 17.9% at actual currency and 8.1% at constant currencies
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OPEC tipped to agree production cut extension
Day ahead: OPEC meeting in Vienna, Halfords preliminaries ...
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Marks & Spencer's womenswear woes under scrutiny again as retailers dominate
Week ahead: Marks & Spencer, Dixons Carphone, Kingfisher, De la Rue...
Inchcape jumps 5% as French broker Exane BNP Paribas returns rating to 'outperform'
Exane has also increased its target price for the FTSE250-listed group to 1,050p, up from 735p previously, offering 30% upside potential
Post-Brexit sterling weakness gives boost to 2016 profits for international car dealer inchcape
The group – which has dealerships in over two dozen countries - posted pre-exceptional profits before tax of £349.4mln for the year to December 31, up from £312.1mln in 2015.
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Can ITV’s financial results beat cautious expectations?
Blue-chips ITV Plc (LON:ITV), Admiral Group Plc (LON:ADM), and Man Group Plc (LON:EMG) are all in the diary with final results on Wednesday.
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Week ahead: ITV set to broadcast results as quantity set to rule over quality
Having seen the big drugs, oils, and banking sectors dominate over the past few weeks, investors will have less FTSE 100 results to digest in the coming week.
Top Gear: Car dealer Inchcape shifts up its presence in South America
Inchcape said the deal, covering Chile, Colombia, Peru and Argentina , and including Hino commercial vehicles, will strengthen its existing operations in the region.