Page 46 - Inchcape News Today

Inchcape "remains well positioned over the medium term" says Zeus

(Reuters) -Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions

Inchcape has forecast a 25% rise in pre-tax profits in 2022 despite its withdrawal from Russia’s car retail sector and a vow that it has “no intention to re-enter the market”.

Inchcape is forecasting profits of at least £300m for the full financial year, an increase of 25% driven by a strengthening distribution business. The comp

Investegate announcements from Inchcape PLC, Transaction in Own Shares

LONDON (dpa-AFX) - British automotive distributor Inchcape plc (INCH.L) on Thursday reported group revenue of 1.8 billion pounds in the first quarter, a 13% increase on organic basis.Looking forward

The FTSE 100 has opened higher. Among the major companies reporting results today are Barclays, Standard Chartered, Sainsburys and Unilever.

The London-listed firm, which celebrates its 175th anniversary this year, said that local management in Russia had agreed to pay €76million (£63million) to take over the business.

Smith & Nephew, which makes bandages and hip and knee replacements, rose 3.6% after reporting revenue of £1bn for the three months to April 2.

British billionaire Sir James Ratcliffe has entered the Kenyan car market with the appointment of a dealer that will distribute a 4x4 utility vehicle Grenadier which resembles the classic Land...