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IN BRIEF: Redde Northgate notes new contracts, recent performance

Tue, 21st Sep 2021 07:02

Redde Northgate PLC - commercial vehicle hire business based in Darlington, England - Continues to "perform strongly across all segments" as momentum continues in the two months since July 7. Signs several sizeable multi-year contracts since July 7. Says the contracts are for its mobility platform and are expected to go live in mid-2022. "These new contracts draw on products and services from across the group and underline the value of our unique and unrivalled growing mobility solutions platform which we believe can be scaled significantly," the company notes. Approves final dividend of 12.0 pence, resulting in a total ordinary dividend of 15.4p for the year ended April 30.

Current stock price: 417.50 pence at close on Monday

Year-to-date change: up sharply from 266.00p

By Scarlett Butler; scarlettbutler@alliancenews.com