Join our community of smart investors

Car market strains support Redde Northgate's margins

Tight supply supports profitability of rentals business
Car market strains support Redde Northgate's margins
  • Company makes bigger profits from fewer disposals
  • Valuation undemanding but economic outlook uncertain 

The increase in new business secured by Redde Northgate (REDD) justifies the rationale behind the merger between motor insurance services business Redde and fleet hire specialist Northgate two years ago, chief executive Martin Ward said.

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in