Northgate's profit hurt by lower spending in the UK and Spain

Newswire

June 25 (Reuters) - Van rental company Northgate Plc reported a 17 percent decline in full-year profit as lacklustre consumer spending in Britain and economic turmoil in Spain took a toll on vehicle hiring. Northgate, which rents out vans to engineering, distribution and retail companies in Spain, Britain and the Republic of Ireland, said its current financial year was trading in line with its expectations. Underlying pretax profit fell to 49.5 million pounds ...

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