Inchcape boosts full year dividend

Multinational car dealer Inchcape has posted a better-than-expected 10 per cent rise in full-year profit, helped by strong growth in Asia and a robust performance in Britain. The London-based firm, which sells and distributes cars for manufacturers such BMW in 26 countries, reported 2012 pre-tax profit of £250.3m, up from £227.7m a year earlier, on sales 4.4 per cent up at £6.1bn. It upped its dividend for the year by 32 per cent to 14.5p per share.