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Inchcape PLC (INCH.L)

INCH.L on London Stock Exchange

644.50GBp
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Change (% chg)

5.00 (+0.78%)
Prev Close
639.50
Open
640.50
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636.50
Volume
801,856
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947,630
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699.50
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482.20

Latest Key Developments (Source: Significant Developments)

Inchcape To Sell Three Retail Sites In Australia For 63 Mln Stg
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - Inchcape PLC ::FURTHER AUSTRALIA RETAIL SITE DISPOSALS FOR £63M.HAS AGREED TO SELL THREE RETAIL SITES IN AUSTRALIA TO SIME DARBY MOTORS.WILL RECEIVE CASH PROCEEDS OF £63M FOR THESE SITES AND THEY HAVE GENERATED £79M OF REVENUE YEAR TO DATE.IMPACT OF DISPOSALS ANNOUNCED TODAY ON 2019 TRADING PROFIT IS EXPECTED TO BE IMMATERIAL.  Full Article

Polaris Capital Discloses 3.02 Pct Stake In Inchcape As Of June 12
Friday, 14 Jun 2019 

June 14 (Reuters) - :POLARIS CAPITAL MANAGEMENT DISCLOSES 3.02 PERCENT STAKE IN INCHCAPE AS OF JUNE 12 - FILING.  Full Article

Inchcape Commences Share Buyback Programme To Buy Shares Of Up To £100 Mln
Thursday, 23 May 2019 

May 23 (Reuters) - Inchcape PLC ::INCHCAPE PLC - SHARE REPURCHASE PROGRAMME.INCHCAPE PLC - IT IS COMMENCING A SHARE BUYBACK PROGRAMME TO PURCHASE SHARES WITH A VALUE OF UP TO £100 MILLION.INCHCAPE - ENTERS INTO AGREEMENT WITH J.P. MORGAN SECURITIES PLC UNDER WHICH IT HAS ISSUED AN IRREVOCABLE INSTRUCTION TO JPMS PLC TO MANAGE PROGRAMME..  Full Article

Inchcape Says 85.41% Votes Cast At AGM To Approve Directors' Report On Remuneration For FY
Thursday, 23 May 2019 

May 23 (Reuters) - Inchcape PLC ::INCHCAPE - 85.41% VOTES CAST AT AGM TO APPROVE DIRECTORS' REPORT ON REMUNERATION FOR FINANCIAL YEAR ENDED 31 DECEMBER 2018.  Full Article

Inchcape Says Trading In-Line With Expectations; £100m Buyback Announced
Thursday, 23 May 2019 

May 23 (Reuters) - Inchcape PLC ::INCHCAPE PLC - TRADING UPDATE.INCHCAPE PLC - TRADING IN-LINE WITH EXPECTATIONS; £100M BUYBACK ANNOUNCED.INCHCAPE PLC - GROUP REVENUE £3.1BN, UP 3% IN ACTUAL CURRENCY AND 3% IN CONSTANT CURRENCY FOR 4 MONTHS.INCHCAPE PLC - BOTH RETAIL AND DISTRIBUTION ARE ON TRACK TO DELIVER PROFIT GUIDANCE THAT WE SET OUT IN FEBRUARY.INCHCAPE PLC - OUTLOOK FOR 2019 THEREFORE REMAINS UNCHANGED.INCHCAPE PLC - SALES WEAKNESS IN UK AND AUSTRALIA RETAIL IN 4 MONTHS PERIOD.INCHCAPE PLC - DISPOSAL OF OUR HONDA AND MITSUBISHI RETAIL SITES IN AUSTRALIA, FOR CASH PROCEEDS OF £11M WHICH WILL RESULT IN A PROFIT ON DISPOSAL.INCHCAPE - IMPACT OF TEMPORARY SUBARU SUPPLY CONSTRAINTS IN AUSTRALIA OFFSET GROWTH ELSEWHERE IN DISTRIBUTION AND HAS HAD AN ASSOCIATED MARGIN IMPACT.  Full Article

Inchcape finance chief quits for Bunzl
Friday, 10 May 2019 

May 10 (Reuters) - Inchcape ::RICHARD HOWES TO STEP DOWN AS CHIEF FINANCIAL OFFICER OF INCHCAPE.RICHARD HOWES HAS RESIGNED TO TAKE UP ANOTHER OPPORTUNITY AS CFO AT BUNZL.HOWES WILL LEAVE INCHCAPE ON 31 AUGUST 2019.BOARD HAS BEGUN A PROCESS TO IDENTIFY A REPLACEMENT TO LEAD FINANCE FUNCTION.  Full Article

Bunzl Names Inchcape Finance Chief Richard Howes As CFO
Friday, 10 May 2019 

May 10 (Reuters) - Bunzl plc ::DIRECTORATE CHANGE.APPOINTMENT OF RICHARD HOWES AS CHIEF FINANCIAL OFFICER.BRIAN MAY HAS DECIDED TO RETIRE FROM COMPANY.HOWES IS CURRENTLY CHIEF FINANCIAL OFFICER OF INCHCAPE.  Full Article

Inchcape Sees 2019 In Line With Trends In Late-2018
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Inchcape PLC ::FY REPORTED PBT OF £132.1M, DOWN 64%.FY REVENUE £9,277M VERSUS £8,953M.CENTRAL AMERICAN ACQUISITION CONTRIBUTED £12.2M TO FY18 PRE-EXCEPTIONAL TRADING PROFIT BEFORE INTEGRATION COSTS.PROGRESSED MANY STRATEGIC OBJECTIVES DURING YEAR AND HAVE ACTIONS IN PLACE TO IMPROVE OUR RETAIL OPERATIONS IN 2019.EXPECT OUR PERFORMANCE IN 2019 TO REMAIN RESILIENT, IN-LINE WITH CONTINUED MARKET TRENDS ALREADY SEEN TOWARDS LATTER PART OF 2018.BELIEVE HAVE EXITED 2018 WITH A STRONGER RETAIL STRATEGY, STARTING TO SEE BENEFITS FROM OPERATIONAL IMPROVEMENTS BEING IMPLEMENTED.NEARER TERM, EXCLUDING EXPECTED AUDJPY CURRENCY HEADWIND, EXPECT 2019 PERFORMANCE TO REMAIN IN-LINE WITH TRENDS SEEN TOWARDS LATTER PART OF 2018.MARGINS IN 2018 RETAIL CHANNEL CAME UNDER FURTHER PRESSURE DUE TO CONTINUED UK MARKET SUPPLY AND DEMAND IMBALANCE.HAVE PROGRESSED MANY STRATEGIC OBJECTIVES DURING YEAR AND HAVE ACTIONS IN PLACE TO IMPROVE OUR RETAIL OPERATIONS IN 2019.FY PROFIT BEFORE TAX ON PRE-EXCEPTIONAL PERFORMANCE MEASURES BASIS £356.8M VS £381.6M.  Full Article

UPDATE 1-Inchcape names former Unilever executive as finance chief

Aug 21 Car dealership chain Inchcape Plc on Wednesday named Unilever veteran and former finance chief of Dutch car leasing company LeasePlan Corporation NV Gijsbert de Zoeten as chief financial officer in place of Richard Howes.