WHSmith and Inchcape lead fall in retail stocks Retail UK retail stocks have dropped in value this morning, led by a sell-off of WHSmith, Inchcape and AO World. Earlier today, tax body RSM said that price rises at UK retailers as a result of the tariffs were “inevitable”. “The tariffs announced by President Trump this week would in themselves be a blow to the [...]
Inchcape: Car dealer’s profit rises after £346m sale of UK retail arm Live! On an adjusted basis, both pre-tax and operating profit rose seven per cent in constant currency to £226m and £299m, respectively.
Inchcape: Shares spike as automotive firm bags £2.3bn after selling off UK arm Automotive Shares in Inchcape soared over eight per cent this morning as it bagged £2.3bn in revenue in the first quarter.
Inchcape to sell its UK retail operations for £346m April 15, 2024 Inchcape's UK retail operation employs 3,600 people and sells vehicles from 80 sites.