UPDATE 2-Northgate profit up; sees UK margins improving further

Newswire

* Sees annualised savings of about 10 mln stg by FY12 * Shares up 14 pct (Recasts; adds CEO comments) By Tresa Sherin Morera BANGALORE, June 30 (Reuters) - Van-hire group Northgate Plc posted a higher full-year profit, beating market expectations, as it benefited from strong used-vehicle markets in both the UK and Spain, sending its shares up 14 percent. The company, which rents out light commercial vehicles in Britain, Ireland and Spain, said it expected margins in the UK to improve ...

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