6 Jul 2022 08:47
Redde Northgate hikes dividend after annual profit doubles
(Alliance News) - Redde Northgate PLC on Wednesday posted improved yearly earnings, helped by "structural growth" in outsourcing and new contracts.
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Don't have an account? Click here to register.Redde drops amid unchanged dividend and H2 caution
Wed, 27th Feb 2019 10:52
(Sharecast News) - Redde dropped on Wednesday after pausing dividend increases and warning that the second half of its financial year is unlikely to benefit from a freak event such as the 'Beast from the East' as it did last year.The legal and accident management services provider's interim dividend remained at 5.50p per share due to "ongoing working capital requirements" as the group remained cautious on its outlook and commented that last year's snowstorm had "significantly" increased motor insurers' claims liabilities.Martin Ward, chief executive of Redde, said: "As we face into H2 we anticipate this to be a tougher comparison against the benefits generated by the extreme weather last year albeit trading volumes have been good in the first two months of H2."Meanwhile, for the six months ended 31 December the company recorded a profit before tax of £21.3m, up 7% compared to the same period the year before, as revenue increased by 15% to £291.1m.The rise in profit and revenue comes after a 15% increase in credit hire cases and an 8% rise in repair cases rose, leading to a 27% increase in the size of Redde's period-end fleet as the AIM traded company adapted to meet increased demand."This is another set of good results for the group showing further growth in earnings under our GPS strategy (Growth, Profitability and Sustainability). This growth includes a higher volume of cases and correspondingly higher levels of fleet, commission payments and investment in our infrastructure and IT systems. This has been funded from cash balances without utilising bank working capital facilities," said Ward.At 31 December, Redde had cash and cash equivalents of £11.6m, down from £24.4m at the same point the year before.Redde's shares were down 7.49% at 173.00p at 1012 GMT.
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6 Jul 2022 08:04
Redde Northgate FY profits rise amid strong demand
(Sharecast News) - Commercial vehicle rental provider Redde Northgate reported a rise in full-year profit and revenue on Wednesday amid strong customer demand.
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LONDON MARKET PRE-OPEN: Trainline ups outlook; AO World to raise cash
(Alliance News) - Stock prices in London are seen opening higher on Wednesday, clawing back some of Tuesday's chunky losses, despite a far-from-stellar handover from Asia as recessionary fears continue to stalk markets.
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UK earnings, trading statements calendar - next 7 days
| Thursday 30 June | |
| Accsys Technologies PLC | Full Year Results |
| Breedon Group PLC | Half Year Results |
| Bunzl PLC | Trading Statement |
| Carclo PLC | Full Year Results |
| Civitas Social Housing PLC | Full Year Results |
| HgCapital Trust PLC | Half Year Results |
| Hunting PLC | Trading Statement |
| Polar Capital Holdings PLC | Full Year Results |
| PCF Group PLC | Full Year Results |
| Renalytix PLC | Q3 Results |
| SDCL Energy Efficiency Income Trust PLC | Full Year Results |
| SEEEN PLC | Full Year Results |
| Shield Therapeutics PLC | Full Year Results |
| Friday 1 July | |
| no events scheduled | |
| Monday 4 July | |
| Augmentum Fintech PLC | Full Year Results |
| Braemar Shipping Services PLC | Full Year Results |
| Porvair PLC | Half Year Results |
| ReNeuron Group PLC | Full Year Results |
| Tuesday 5 July | |
| CML Microsystems PLC | Full Year Results |
| Ideagen PLC | Full Year Results |
| J Sainsbury PLC | Q1 Results |
| Kitwave Group PLC | Half Year Results |
| Mattioli Woods PLC | Trading Statement |
| Mercia Asset Management PLC | Full Year Results |
| Saga PLC | Trading Statement |
| Supreme PLC | Full Year Results |
| Wednesday 6 July | |
| ActiveOps PLC | Full Year Results |
| Argentex Group PLC | Full Year Results |
| D4T4 Solutions PLC | Full Year Results |
| Redde Northgate PLC | Full Year Results |
| Robert Walters PLC | Trading Statement |
| Ten Entertainment Group PLC | Trading Statement |
| Topps Tiles PLC | Trading Statement |
| Zoo Digital Group PLC | Full Year Results |
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18 May 2022 11:04
Redde Northgate expects higher annual revenue on increased demand
(Alliance News) - Redde Northgate PLC on Wednesday said it expects a jump in revenue for financial 2022, due to high demand for used vehicles.
Read more18 May 2022 08:42
Redde Northgate trades in line with upgraded FY expectations
(Sharecast News) - Vehicle rental group Redde Northgate said on Wednesday that it had continued to trade well across and that its full-year performance was expected to be in line with upgraded expectations.
Read more16 Mar 2022 09:46
LONDON BROKER RATINGS: SocGen cuts Reckitt; UBS upgrades DS Smith
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Redde Northgate set to beat annual consensus; launches share buyback
(Alliance News) - Redde Northgate PLC on Tuesday said it expects to beat consensus expectations for annual profit, due to a stronger-than-expected performance driven by rental demand and robust used vehicle market values.
Read more15 Mar 2022 08:01
Redde Northgate sees FY profits 'comfortably ahead' of consensus
(Sharecast News) - Commercial vehicle rental provider Redde Northgate said on Tuesday that full-year profits were set to be "comfortably ahead" of consensus expectations as it announced a £30m share buyback.
Read more7 Jan 2022 16:07
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