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Bapcor Ltd (ASX: BAP) was originally called Burson Group. Today. Bapcor is a specialist auto parts business but what most consumers don’t know is that Bapcor is more than a retailer of spare parts. Its bread and butter is ‘trade services’. For example, when you get your car serviced by a mechanic, the mechanic doesn’t store all of the parts for the make and model of your car in their shop. Instead, they rely on a nearby distributor like Burson’s who can deliver the exact parts within a matter of hours.
The Bapcor Ltd (ASX:BAP) share price went up around 3% after the auto parts business delivered more growth in FY22.
The S&P/ASX 200 (ASX: XJO) pushed higher on Thursday as National Australia Bank (ASX:NAB) and AMP (ASX:AMP) shares were in the news.
The Bapcor Ltd (ASX: BAP) share price will be on watch today after announcing a 14% decline in earnings for the first half of FY22.
In the second edition 22 ASX shares for 2022, we’ll be taking a look at three former market darlings and the big banks.
The Fortescue Metals Group Limited (ASX: FMG) share price will be on watch today after the company announced its CEO would step down.
These 2 ASX shares have just lost their CEOs, but they could be turnaround ideas. One pick is Magellan Financial Group Ltd (ASX:MFG).
The S&P/ASX 200 (INDEXASX:XJO) managed to eke out a tiny gain on Monday as Bapcor (ASX:BAP) and BNPL shares like Zip (ASX:Z1P) made headlines.
The Bapcor Ltd (ASX: BAP) share price has crashed 8% after the Board fast-tracked the exit of its CEO noting his position had become untenable.
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