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Inchcape plans share consolidation

International auto retail and distribution group, Inchcape, will ask shareholders at its AGM on May 13 to approve a share consolidation. The plan is for 10 existing ordinary shares to be consolidated into one new

Stockwatch: Mixed reaction to full-year results

Auto retail investors have spent the month considering the value of their holdings with many of the major groups reporting full year earnings for 2009. While the results have generally been better than expected, reaction

Finn calls for scrappage extension

Pendragon chief, Trevor Finn, today, called for the government to extend the scrappage scheme. "The rationale for ending it hasn’t taken in all the considerations," Mr Finn states. "I started off

Did scrappage bring VAT bonus?

The government’s scrappage incentive finally came to an end on March 31 leaving the auto retail industry to ponder a future without the bonus of a £1000 windfall for all new cars registered under the scheme


Share prices in the UK auto retail sector are likely to mark time in the short term – recent upgrades have not had any lasting impact – but longer term funds should still find value in this sector. In the


The perception that the UK economy may be slower to recover from recession than the rest of the world appears to have affected even auto retail stocks this month. While shares in the sector here were broadly down, they

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