UPDATE 1-UK car services firm RAC rises on new contract win

Newswire

(Updates with share price, detail) LONDON, Dec 29 (Reuters) - Shares in British motoring services firm RAC Plc sped higher on Monday after the firm said a joint venture company had won a seven-year contract with expected revenues of one billion pounds ($1.8 billion). RAC said Lex Vehicle Leasing -- a joint venture with British bank HBOS -- would provide outsourced contract hire services to Ford Financial, part of U.S. auto giant Ford . RAC shares were up 2.6 percent at 592 pence in ...

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