Car dealer Inchcape sees COVID-19 impact until next year; shares fall
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(Reuters) - British car dealer and distributor Inchcape Plc posted a 76% drop in its April group revenues on Thursday and said the global economic impact of coronavirus-induced lockdowns would be felt until 2021, sending its shares down over 6% in early trade. The company, which is currently operating in 25 out of its 33 markets, said it was conducting a comprehensive review of its cost base to adjust to the impact. Last month, it scrapped dividend and cut management pay, as it explored debt..