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Investegate announcements from Inchcape PLC, Final Results

FTSE 250 shares generally did quite well in 2021 as the stock market recovered from 2020 and these two shares that did well could keep performing.

5 people found this useful Inchcape has continued its plan to move away from car retail with the £70 million sale of its Toyota and Audi dealerships in St. Petersburg, Russia. Now the group has revealed plans to further the strategy in its overseas markets with the disposal of its St. Petersburg Toyota and Audi franchised operations to “local market operator” KlyuchAvto. In a statement issued today, the PLC said: “The transaction is conditional upon final OEM partner and regulatory approvals and is expected to complete in the second-quarter. “In 2020, the disposed operations generate...

5 people found this useful Inchcape has confirmed that its London Stock Exchange listing has been reclassified to remove reference to retail as it disposed of 13 UK dealership locations as part of a renewed focus on distribution in 2020. In annual financial results published this morning (February 25) the AM100 PLC reported that overall group revenues had fallen 25%, from £9.38 billion to £6.34bn, in a COVID-19 impacted year, as pre-tax profits slumped 131.8% to a statutory loss of £128m (2019: £402m profit). But the business, which claimed government support totalling £30m a...