Slower demand hits Northgate profits
Tuesday 04 December 2012
Northgate, the van hire firm seen as a barometer of the smaller business end of the economy, saw profits slide 13 per cent to £28m in the last six months as demand slowed.
"Against the backdrop of a fragile economy trading remains challenging," the company said. Overall revenues fell 16 per cent to £3,314m in the six months to October.
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