Live Breaking News & Updates on சவுத்தாம்ப்டன் க்கு ஹெண்டி குழு

Stay updated with breaking news from சவுத்தாம்ப்டன் க்கு ஹெண்டி குழு. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Inchcape continues move away from car sales with £70m dealership disposals


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 generated revenue of c£200m and profit before tax (pre-exceptionals) of £12m. Gross assets at the end of 2020 were £77m. ....

United Kingdom , Richmond Upon Thames , City Of , Sankt Peterburg , London Stock Exchange , Southampton To Hendy Group , Vehicle Lifecycle Services , Inchcape Fleet Solutions , Petersburg Toyota , Corporate Financing Facility , Distribution Excellence , Vehicle Lifecycle , Citygate Automotive , West London , Tunbridge Wells , Vertu Motors , Jaguar Land Rover , March Concept , Hendy Group , Oldham Volkswagen , ஒன்றுபட்டது கிஂக்டம் , ரிச்மண்ட் மீது தேம்ஸ் , நகரம் ஆஃப் , லண்டன் ஸ்டாக் பரிமாற்றம் , சவுத்தாம்ப்டன் க்கு ஹெண்டி குழு , வாகனம் வாழ்க்கை சுழற்சி சேவைகள் ,

London Stock Exchange changes Inchcape PLC's listing amid shift away from retail


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 as a credit against employee costs and £3m as a credit against other operating expenses, along with £7m in deferred tax, was able to improve its cash position and propose a dividend payment as it focussed on a distribution-focussed strategy offering “attractive growth prospects”. ....

United Kingdom , Richmond Upon Thames , City Of , James Brearley , Business Support Services , London Stock Exchange , Southampton To Hendy Group , Vehicle Lifecycle Services , Inchcape Fleet Solutions , Distribution Excellence , Vehicle Lifecycle , Inchcape Retail , Europe Retail , Used Vehicles , Citygate Automotive , West London , Tunbridge Wells , Vertu Motors , Jaguar Land Rover , March Concept , Hendy Group , Oldham Volkswagen , ஒன்றுபட்டது கிஂக்டம் , ரிச்மண்ட் மீது தேம்ஸ் , நகரம் ஆஃப் , ஜேம்ஸ் ப்ரெர்லி ,