Information  X 
Enter a valid email address

Redde Northgate PLC Ord 50P (REDD)

Related News

18-May-2022 11:04 AM

Redde Northgate expects higher annual revenue on increased demand

Redde Northgate PLC on Wednesday said it expects a jump in revenue for financial 2022, due to high demand for used vehicles. The Darlington, England-based commercial vehicle hire firm said performance for the year ended April 30 is expected to
15-Mar-2022 10:09 AM

Redde Northgate set to beat annual consensus; launches share buyback

Redde Northgate PLC on Tuesday said it expects to beat consensus expectations for annual profit, due to a stronger-than-expected performance driven by rental demand and robust used vehicle market values. Shares in the Darlington, England-based
12-May-2021 08:02 AM

Redde Northgate forecasts annual earnings beat

Motoring services group Redde Northgate upgraded its annual profit guidance following a strong second-half sales performance. Underlying pre-tax profit for the year through April was now expected to be 'moderately above' the top end of the curr
08-Dec-2020 07:38 AM

Redde Northgate profit rises following merger, higher vehicle sales

Commercial vehicle hire company Redde Northgate posted a rise in first-half profit, buoyed by merger activity and higher vehicle sales. Pre-tax profit for the six months through September rose 4.3% to £25.9 million, as revenue jumped 53% to £
16-Sep-2020 07:33 AM

Redde Northgate cuts dividend as profit slumps; sees bounce back this year

Commercial vehicle rental group Redde Northgate posted a fall in annual profit, partly owing to one-off merger costs and pressure on revenue from the Covid-19 pandemic. Pre-tax profit for the year through April slumped 78% to £13.5m, down from &pou
03-Aug-2020 10:30 AM

Broker Forecast - Barclays Capital issues a broker note on Redde

Barclays Capital today initiates coverage of Redde (LON:REDD) with a overweight investment rating and price target of 317p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
19-May-2020 09:34 AM

Redde Northgate to provide dividend guidance with September results release

Vehicle hire group Redde Northgate said it would provide further dividend guidance when it announced its annual results in September. The company said revenue for the year through April rose 5%, owing to a positive performance from Redde that helped offs
25-Mar-2020 08:10 AM

Broker Forecast - Peel Hunt issues a broker note on Redde

Peel Hunt today reaffirms its buy investment rating on Redde (LON:REDD) and cut its price target to 300p (from 400p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
30-Oct-2019 07:54 AM

Redde trading in line with expectations during first quarter

Accident management support group Redde said trading in the first quarter of its new financial year was in line with its expectations. Chairman John Davies gave the brief update in speech notes for the company's annual general meeting. Story pr
11-Mar-2019 09:20 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Redde

JP Morgan Cazenove today downgrades its investment rating on Redde (LON:REDD) to neutral (from overweight) and cut its price target to 111p (from 189p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
08-Mar-2019 01:28 PM

Redde downgrades 2020 guidance on loss of key contract

Accident management support group Redde downgraded its 2020 revenue and earnings guidance after it had failed to secure the renewal of a key hire and repair contract with a large insurer it didn't name. The existing contract ran through into the nex
27-Feb-2019 09:10 AM

Redde first-half profit up 7.2%; holds dividend steady

Accident management services provider Redde posted a 7.2% rise in first-half profit after it experienced a boost in credit hire and repair cases. Pre-tax profit for the six months through December rose to £21.3m, as revenue rose 15% TO £291.1
18-Dec-2018 01:57 PM

Redde says trading profits tracking ahead of previous year

Motor accident management support group Redde said a positive start to the year mentioned in September had carried through into December. Sales were again showing an increase over the corresponding period last year, reflecting continued growth in trading
24-Oct-2018 09:29 AM

Redde trading profits up in year to date

Motor accident management support group Redde said its trading profits had risen so far in the current financial year. 'The positive start to the new financial year, which I described in my statement of 5 September, has continued since that date,&ap
07-Sep-2018 02:40 PM

Broker Forecast - JP Morgan Cazenove issues a broker note on Redde

JP Morgan Cazenove today reaffirms its overweight investment rating on Redde (LON:REDD) and raised its price target to 207p (from 197p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
28-Jun-2018 08:37 AM

Redde confirms trading is on track

Support services firm Redde has announced that, further to its trading update made on 26 April 2018, trading in the final quarter ending 30 June 2018 has continued the positive trend shown in the first nine months of the year. As a result it remains con
26-Apr-2018 08:04 AM

Redde confirms strong outlook

Redde has confirmed that the strong outlook reported in its interim results announcement on 1 March has continued. Increased underlying trading volumes recorded in the first half year have been sustained throughout the third quarter. Indications are th
01-Mar-2018 09:45 AM

Redde profits rise 11.2%

Redde achieved an adjusted profit before tax of £21.9 million in the six months to 31 December 2017, an increase of 11.2%. Revenues were £253.3m, an increase of 11.5%, reflecting a 24.8% growth in the number of credit hires and a 0.5% increas
18-Dec-2017 07:18 AM

Redde says positive start to year continues

Redde said the positive start to the year it mentioned in September has continued through into December. Sales continued to show an increase over the corresponding period last year, reflecting growth in trading volumes, the company said. As a consequenc
25-Oct-2017 03:03 PM

Redde shareholders approve resolutions at AGM

Redde has confirmed that 6 ordinary and 3 special resolutions were passed by shareholders at today's Annual General Meeting. At 3:03pm: (LON:REDD) Redde share price was -0.5p at 158.25p Story provided by StockMarketWire.com...
25-Oct-2017 09:44 AM

Redde says positive start to year continues

Redde said the positive start to the financial year announced September 6 has continued. Sales have shown an increase over the previous corresponding period due to continued growth in trading volumes, chairman Avril Palmer-Baunack said in speech notes fo
08-Sep-2017 10:20 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Redde

JP Morgan Cazenove today reaffirms its overweight investment rating on Redde (LON:REDD) and raised its price target to 197p (from 193p). Story provided by StockMarketWire.com...
07-Sep-2017 07:30 AM

Redde pre-tax profit rises

Redde announced adjusted profit before taxation rose by 16% to £40m (2016: £34.6m) in the year to 30 June 2017. Turnover was £472.3m (2016: £379.2m), an increase of 25% including LFL increase of 19%. FINANCIAL HIGHLIGHTS: - Adju
01-Sep-2017 10:30 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Redde

JP Morgan Cazenove today initiates coverage of Redde (LON:REDD) with a overweight investment rating and price target of 193p. Story provided by StockMarketWire.com...
29-Jun-2017 07:24 AM

Redde sees adj. op. profits for FY in line

Redde sees its adjusted operating profits for the financial year to 30 June 2017 in line with market expectations. Since its update in April, trading for the final quarter ending 30 June 2017 had continued the positive trend shown in the first 9 months o

a d v e r t i s e m e n t