Northgate warns of lower profit; covenants under pressure


* Says in talks with banks to amend debt covenants * Sees 60 mln stg writedown * To write off 54 mln stg related to Spanish buys * Sees write-off on UK hire business at 32 mln stg (Adds details) Feb 25 (Reuters) - British van hire company Northgate on Wednesday warned that its full-year underlying pretax profit would be significantly below market expectations and that it was in talks to amend its debt covenants. The company cited a fall in used vehicle residual values and softening ...

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