Inchcape Share News (INCH)

LONDON BRIEFING: M&C Saatchi caught between two unattractive offers

(Alliance News) - The battle over M&C Saatchi took a strange new twist on Friday, as the London-based advertising agency rejected both of its suitors but also said it may not be able to deliver on its own plans as a standalone company.

LONDON MARKET CLOSE: Stocks tank after global rate hike trifecta

(Alliance News) - Stocks in London ended sharply lower on Thursday after the Bank of England followed the Federal Reserve and raised interest rates as widely expected, while the Swiss National Bank delivered a surprise hike of its own.

LONDON MARKET MIDDAY: Bank of England hikes key interest rate to 1.25%

(Alliance News) - The pound remained lower against the dollar and equities also were down on the day at midday on Thursday, after the Bank of England decided to raise UK interest rates by a quarter of a percentage point.

LONDON MARKET OPEN: FTSE 100 slips as UK interest rate hike looms

(Alliance News) - Fresh off a hefty interest rate hike from the US Federal Reserve, jitters returned anew ahead of the Bank of England's turn on Thursday to tighten monetary policy.

Inchcape expects to beat market consensus for annual profit

(Alliance News) - Inchcape PLC said on Thursday that it continued to perform "strongly" since its first quarter update in April, with results exceeding its expectations.

LONDON MARKET PRE-OPEN: Margins under pressure at boohoo and Asos

(Alliance News) - Stocks in London are set to pull back on Thursday as all eyes turn to the Bank of England after aggressive monetary policy tightening by the US Federal Reserve.

Inchcape FY profit to beat market expectations

(Sharecast News) - Car dealership Inchcape said on Thursday that full-year pre-tax profit was set to beat market expectations as it has continued to trade strongly and ahead of its expectations since its first-quarter update at the end of April.

UK dividends calendar - next 7 days

Reino Unido pierde recurso judicial contra orden de la UE de recuperar millones en ayudas públicas

Por Foo Yun Chee

UK loses court challenge against EU order to recover millions in state aid

BRUSSELS, June 8 (Reuters) - Britain on Wednesday lost its court challenge against an EU order to recover millions of euros from the London Stock Exchange, ITV and other multinationals that benefited from an illegal exemption in a UK tax scheme.

UK shareholder meetings calendar - next 7 days

UK dividends calendar - next 7 days

IN BRIEF: Inchcape completes Caribbean automotive acquisitions

Inchcape PLC - London-based auto distribution, retail and services company - Completes acquisition of Caribbean vehicle distributor Interamericana Trading Corp and Barbados automotive retailer Simpson Motors Ltd for undisclosed amount. Says the acquisitions, first announced back in December, will expand global footprint as it enters Caribbean market, and strengthens presence in the Americas. The businesses are expected to add around GBP120 million of annualised revenue, and be accretive to Inchcape's margins.

LONDON BROKER RATINGS: HSBC upgrades M&G and St James's Place to buy

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

IN BRIEF: Inchcape shares up as expects higher profit in 2022

Inchcape PLC - London-based car dealership - Posts higher quarterly revenue and expects pretax profit to rise in 2022. Reported revenue in its first quarter rises 6% to GBP1.8 billion. Revenue climbs 13% on organic basis. For 2022, it expects its pretax profit to increase to at least GBP300 million, from GBP195 million it posted in 2021. Excluding Russia, 2021 pretax profit was GBP240 million.