Northgate Share News (NTG)

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Northgate posts small drop in first half profit but lifts dividend

Tue, 01st Dec 2015 07:20

(ShareCast News) - Northgate posted a slight decline in pre-tax profit for the first half, although it lifted its dividend and reiterated its expectations for the year.For the half year to the end of October, underlying pre-tax profit slipped to £45.9m from £47.8m in the same period last year, on revenue of £313.1m from £305m.The company pointed to a £2.4m adverse impact from the change in vehicle depreciation rates and a £1.9m adverse effect from the weakening euro.At constant currency, profit would have been £1.9m higher.The company, which specialises in light commercial vehicle hire, raised its interim dividend to 5.1p from 4.3p last year.Northgate said it was trading in line with its expectations overall, despite a mixed backdrop in the first six months of the year, with some weakness in UK vehicles on hire offset by a strong performance in Spain.Chief executive Bob Contreras said: "Our Spanish business continues to execute its market strategy well; leading to improved profitability and returns. We anticipate this continuing against the backdrop of an improving Spanish economy."There are opportunities for growth in the countries in which we operate and the group remains well positioned to deliver attractive returns to shareholders. There is no change in our expectations for the full year."

More News

1 Jun 2016 17:11

Hikma to replace Inmarsat in FTSE 100 index

LONDON, June 1 (Reuters) - Hikma Pharmaceuticals will be promoted to Britain's benchmark FTSE 100 equity index after a sharp rally in its shares since March, while satellite company Inmarsat will drop out of the FTSE. A spokesman for the London Stock Exchange announced the change via telep

1 Jun 2016 16:14

Hikma Pharmaceuticals Rejoins FTSE 100, Smurfit Kappa Joins FTSE 250

1 Jun 2016 06:42

Northgate Adds Former Intertek CFO Spencer As Non-Executive Director

31 May 2016 10:19

Inmarsat set for FTSE demotion in quarterly review

(ShareCast News) - Satellite communications company Inmarsat could be pushed out of the FTSE 100 by Hikma Pharmaceuticals in June, according to the FTSE Russell. Changes from the latest quarterly review of the FTSE 100, to be announced on Wednesday, will take place on Friday 17 June. Earlier this m

22 Apr 2016 10:08

Citi starts coverage of Northgate at buy

(ShareCast News) - The 'bears' on Northgate had it all their way last year, but the company's fortunes might be set for a turnaround, analysts at Citi said as they started coverage of the firm's shares with a 'buy' recommendation and target price of 600p. In 2015, the stock price of the light commer

22 Apr 2016 09:48

WINNERS & LOSERS SUMMARY: Saga Rises As Private Equity Overhang Lifted

22 Apr 2016 08:37

BROKER RATINGS SUMMARY: Liberum Raises View On UK Housebuilders

22 Apr 2016 07:30

LONDON BRIEFING: Saga Shares Rise As Private Equity Group Sells Out

1 Apr 2016 15:46

Broker tips: ARM, Tate & Lyle, Inchcape

(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis

1 Apr 2016 15:34

Numis adds Virgin Money, Derwent and Northgate to 'top picks' list

10 Feb 2016 14:07

DIRECTOR DEALINGS: Northgate Non-Executive Buys First Shares

9 Feb 2016 08:05

Northgate appoints former Spirit Pub CFO as FD

(ShareCast News) - Light commercial vehicle hire specialist Northgate has appointed Patrick Gallagher as group finance director with effect from 22 February. The company, which announced last month that Chris Muir would be stepping down from the role, noted the incumbent will be leaving Northgate at

9 Feb 2016 07:50

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Northgate Share News (NTG)

Northgate posts small drop in first half profit but lifts dividend

Hikma to replace Inmarsat in FTSE 100 index

Hikma Pharmaceuticals Rejoins FTSE 100, Smurfit Kappa Joins FTSE 250

Northgate Adds Former Intertek CFO Spencer As Non-Executive Director

Inmarsat set for FTSE demotion in quarterly review

Citi starts coverage of Northgate at buy

WINNERS & LOSERS SUMMARY: Saga Rises As Private Equity Overhang Lifted

BROKER RATINGS SUMMARY: Liberum Raises View On UK Housebuilders

LONDON BRIEFING: Saga Shares Rise As Private Equity Group Sells Out

Broker tips: ARM, Tate & Lyle, Inchcape

Numis adds Virgin Money, Derwent and Northgate to 'top picks' list

DIRECTOR DEALINGS: Northgate Non-Executive Buys First Shares

Northgate appoints former Spirit Pub CFO as FD

Northgate Appoints Former Spirit Pub CFO As Finance Director

DIRECTOR DEALINGS: Northgate Chief Executive's Spouse Buys Shares

BROKER RATINGS SUMMARY: JPMorgan Gives Unilever Double Upgrade

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Northgate Share News (NTG)

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