Inchcape Share News (INCH)

Inchcape to buy Mercedes-Benz Indonesian business with local partner

(Sharecast News) - Inchcape said on Friday that it has agreed to buy Mercedes-Benz's Indonesian business with its local partner, Indomobil, for an undisclosed sum.

DIRECTOR DEALINGS: Outgoing Croda finance director sells; H&T CEO buys

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and Tuesday and not separately reported by Alliance News:

Director dealings: Inchcape director makes share purchase

(Sharecast News) - Inchcape revealed on Monday that non-executive director Byron Grote had acquired 15,000 ordinary shares in the London-listed automotive retailer.

IN BRIEF: Inchcape non-executive director buy GBP110,000 in shares

Inchcape PLC - London-based automotive distributor - Non-Executive Director Byron Grote buys 15,000 shares at GBP7.24 each, worth GBP108,600, in London on Friday.

Pound weighs on London's FTSE 100 after BoE hike

BoE hikes by an expected 25 bps

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LONDON MARKET MIDDAY: Bank of England lifts rates by 25 basis points

(Alliance News) - Stock prices in London were largely lower at midday on Thursday, raised UK interest rates by 25 basis points on Thursday, as widely expected, and indicated that further tightening in monetary policy may be required.

TOP NEWS: Inchcape lifts yearly dividend by 28% as profit surges

(Alliance News) - Inchcape PLC on Thursday said it delivered "another great set of results" for 2022, noting robust customer demand following a prolonged period of supply shortages, which drove growth in both revenue and profit.

LONDON MARKET OPEN: Bank of England next after Fed, ECB and SNB hikes

(Alliance News) - Stock prices in London opened in the red on Thursday morning, while the pound higher, as the chances of the Bank of England following the US Federal Reserve in a 25 basis point hike to interest rates looked increasingly likely.

LONDON BRIEFING: Stocks called down ahead of UK interest rate decision

(Alliance News) - Stocks in London were set to open lower on Thursday as market attention turned to the Bank of England's interest rate decision, due at midday, a day after the US Federal Reserve lifted US rates by 25 basis points.

Inchcape profits rise 50% on demand, higher prices

(Sharecast News) - Shares in Inchcape fell sharply on Thursday, despite the automotive distributor reporting a rise in annual earnings driven by growth in new and used vehicle sales and higher prices.

Citi starts coverage of Inchcape at 'buy'

(Sharecast News) - Citi initiated coverage on car dealership Inchcape on Thursday with a 'buy' rating as it said the company's opportunity to consolidate automotive distribution in less than 1 million sales end markets is unique.

LONDON BROKER RATINGS: Citigroup starts Inchcape with 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

LONDON BRIEFING: Centrica, Indivior swing to loss; StanChart bullish

(Alliance News) - Stocks in London were set to open higher on Thursday, with the FTSE 100 called to push past the 8,000 mark again at the open.

Inchcape buys controlling stake in Philippines auto distributor Cats

(Alliance News) - Inchcape PLC on Tuesday announced a joint venture agreement with the Cats Group of Companies in the Philippines, including the acquisition of a controlling stake in Cats.

Inchcape to take controlling stake in CATS Group

(Sharecast News) - Inchcape said it was taking a controlling stake in the CATS Group of the Philippines and forming a joint venture with the distributor of luxury vehicles.