Northgate trading at lower end of market expectations

Commercial vehicle hire company Northgate has warned investors that the tough economic conditions continue to affect both its UK and Spanish markets, and as such the business is currently trading towards the lower end of market expectations.

Commercial vehicle hire company Northgate has warned investors that the tough economic conditions continue to affect both its UK and Spanish markets, and as such the business is currently trading towards the lower end of market expectations.

In an interim management statement the group said UK vehicle utilisation in the four months ended February 28th averaged 88%, in line with levels seen in the corresponding period the previous year.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.