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Inchcape Retail suffered a near tenfold year-on-year decline in profitability as it revealed a £76.4m pre-tax loss in annual financial results for its COVID-19 impacted 2020 trading period.
Gérald Darmanin a inauguré hier, à Carcassonne, le nouveau commissariat de police Abonnés L’ensemble des élus autour du ministre de l’Intérieur pour couper le ruban. Photos Claude Boyer à 10:27 l'essentiel Le ministre de l’Intérieur a inauguré le b...
2 people found this useful MCS Group has completed the construction of a new Jaguar Land Rover dealership for Guy Salmon, part of the Sytner Group, in Northampton. The 65,700 sq ft dealership includes a new showroom, workshop, cosmetic bay and valet areas with external and roof deck parking. It is expected to open its doors next month. The dealership is located at Swan valley Industrial Estate and follows a £12 million investment from the group. The new “flagship” site follows the opening of Guy Salmon Jaguar Land Rover in Bristol at the start of 2021. Both sites meet the specifications...
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...