Inchcape has announced that its group finance director is resigning from the company. After 16 years with the company, John McConnell has tendered his resignation to return to his native Australia. He will leave Inchcape in March 2016 to ensure a smooth transition. Ken Hanna, group chairman said: “On behalf of the board, I would
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Inchcape group finance director steps down
Inchcape opens new BMW and Mini centre in Reading
Inchcape Retail business Cooper Reading BMW and Mini has opened its new retail centre at a special customer launch event with 400 guests. Now the biggest Cooper Retail Centre in the UK, the new site is spread over three storeys. Features of the new site include a 32 new car showroom; an indoor approved used car display
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Inchcape buys Armstrong Massey Land Rover business in York
Inchcape has struck a deal to buy the Land Rover site owned by Armstrong Massey in York, joining its existing Jaguar dealership in the City. Inchcape already represents Land Rover under the Hunter brand in Chester, Derby, Guildford, Kings Lynn, Norwich, Preston and Southampton, prompting speculation that the Armstrong Massey dealership could also take on
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Inchcape turns in strong first half UK performance
Inchcape turned in a strong UK performance in the six months to 30 June with turnover up 11.2% to £1.39bn and trading profit up 2.9% to £38.5m The brands it represents continue to outperform the total market and like-for-like retail revenues grew 10.3% over the period. Inchcape said that it had seen strong growth in
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Strong values at BCA’s largest ever LCV sale event
BCA’s largest ever light commercial vehicle sale at BCA Blackbushe attracted more than 600 vehicles – selling 85% of the entry for above CAP values. The sale at BCA Blackbushe attracted a crowd of over 300 buyers and, with every vehicle available to Live Online bidders, a further 200 buyers logged on to bid digitally
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Car dealer Inchcape continues to win market share in UK says new CEO
The new boss of Inchcape says the company is in a strong position to capitalise on favourable market conditions in the UK – and acknowledged tougher trading in used cars – in a trading update today. Commenting on the state of trading from the start of the year to May 20 group chief executive Stefan
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Inchcape’s UK trading profits rise 3% to £65.2m in 2014
Inchcape turned in a solid set of results in the UK in 2014 with trading profit up 3% to £65.2m on turnover up 11.2% to £2.47bn. Trading margin in its retail business fell 20bps in 2014 dented by higher volumes in new vehicle sales and price pressures in the new and used car markets. The
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Car dealer group Inchcape reveals results for 2014
Car dealer group Inchcape has announced its results, reporting a fifth consecutive year of double-digit earnings growth. Key Financial Highlights Year ended ?2014 ?£m Year ended ?2013 ?£m % change % change ?in constant ?currency Sales 2,472.8 2,224.3 11.2 11.2 Distribution 51.4 41.3 24.5 24.5 Retail 2,421.4 2,183.0 10.9 10.9 Like for like sales 2,394.3 2,121.0 12.9 12.9 Distribution
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