Northgate PLC Add to portfolio

There are no other notable moves in Europe, but the pan-European STOXX 600 is down0.5% in broad sell-off in almost all the sectors. European stocks are seen falling 0.3% as the latest clash between Washington and Beijingover Hong Kong casts pall over trade truce between the world's top two economies. European stocks are heading for another subdued session with moves that are unlikely to hurtthe chances of a monthly and weekly gain for the pan-European STOXX 600 index. Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan.

Read Full Details

UPDATE 2-Van hire firm Northgate to buy accident claims handler and ditch CEO. * Shares in Northgate fall, Redde's gain (Adds shares, deal details, financial advisers). Nov 29 (Reuters) - Commercial vehicle rental firm Northgate Plc has struck a deal to buy Redde Plc for about 394 million pounds ($505 million) in shares, expanding into accident claims services in an attempt to revive growth. Northgate also announced on Friday the immediate departure of its chief executive, Kevin Bradshaw, who will be replaced by Redde's CEO Martin Ward when the deal closes. Northgate did not give a reason for Bradshaw leaving. After closure of the deal, Northgate shareholders will own 54% of the combined company, while 46% will be held by Redde shareholders, the companies said. Northgate, which operates in the United Kingdom, Ireland and Spain with a fleet of around 100,000 vehicles, will add Redde's fleet of about 7,000 vehicles and have access to 50,000 more though its rental partnerships.

Read Full Details

SAN FRANCISCO--(BUSINESS WIRE)--Northgate Capital announced today the closing of Northgate Venture Partners VIII (NVP VIII) at $120 million. NVP VIII invests primarily in marquee venture capital firms and a select number of emerging managers. “Over the last 20 years, we have backed some of the premier venture capital firms in the business,” said Brent Jones, Co-Founder and Partner at Northgate. Tommy Vardell, Co-Founder and Partner at Northgate added, “Given that the venture capital asset class has a wide dispersion of returns, we believe that the only way to justify the risk-reward dynamic of the venture asset class is to form an optimized portfolio that seeks to realize top-quartile returns.

Read Full Details

Tuesday, November 5th, 2019. Northgate (LON:NTG)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports. The company has a fifty day moving average price of GBX 328.63 and a 200 day moving average price of GBX 335.47. Northgate has a 12 month low of GBX 300 ($3.92) and a 12 month high of GBX 413 ($5.40). The company has a debt-to-equity ratio of 84.03, a current ratio of 1.06 and a quick ratio of 0.83. The stock was purchased at an average price of GBX 320 ($4.18) per share, for a total transaction of £50,156.80 ($65,538.74).

Read Full Details

Seattle plans new Fire Station 31 to replace Northgate structure known as ‘Cancer House’. Originally published October 18, 2019 at 1:25 pm Updated October 18, 2019 at 7:42 pm. Seattle authorities have decided the city should build a new fire station in Northgate to replace an existing station where worries have long been raised about unhealthy conditions. Representatives said various problems with the building, including but not exclusively related to mold, mean building a new station will be a better use of taxpayer dollars than trying to renovate the existing Station 31. Subsequent testing by the city has also registered mycotoxins, though representatives at a Friday news conference said they don’t know whether those have caused cancer at Station 31. While a state Department of Health report counted 119 cases of cancer among the 1,622 firefighters who worked at Station 31 between 1975 and 2003, the work that all firefighters do puts them at risk for cancer.

Read Full Details

15 October 2019, 08:14 UTC. Northgate (LON:NTG) is a mid cap in the Ground Freight & Logistics industry. The Company is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain. Right now the Northgate share price displays favourable value traits, as evidenced by its Value Rank of 83. This combination of financial traits suggests that Northgate stock might be good value at current levels, although further research is required if this is to be confirmed.

Read Full Details

Listed vehicle hire company Northgate has completed a £557.5m refinance as it undertakes a strategic review of its "growth options". In a statement released ahead of an annual general meeting later today (23 September 2019), Northgate revealed the new banking package comprises a £477.5m multi-currency revolving credit facility and an £80m term loan. The company said the loan is "underpinned by improved commercial terms which allow further funding for growth". Northgate's non-executive chair Abril Palmer-Baunack – who joined the business in August – is working with its chief executive and chief financial officer on a strategic review of the business. A statement from the company added: "Importantly the review is focused on clarifying the significant intrinsic value of Northgate - both in its core businesses and in the strong potential of strategic actions that will grow the business in both scale and value."

Read Full Details

The stock has a 200-day moving average of $346.25 and traded as high as $335.00. Northgate shares last traded at $319.00, with a volume of 34,712 shares. Peel Hunt reiterated a “buy” rating on shares of Northgate in a research note on Tuesday, August 13th. The business’s 50 day simple moving average is GBX 325.50 and its 200 day simple moving average is GBX 345.58. This represents a yield of 3.82%. Northgate’s dividend payout ratio (DPR) is presently 0.48%. Northgate Company Profile (LON:NTG). Northgate plc provides light commercial vehicle hire services in the United Kingdom, Spain, and the Republic of Ireland.

Read Full Details

Workshop on getting loved ones sober -- at Northgate church, North Campus. A workshop for individuals in recovery and their friends, family and allies -- based on the book "Get Your Loved One Sober: Alternatives to Nagging, Pleading, and Threatening" by Robert J. Meyers and Brenda L. Wolfe -- will be held Wednesday (Sept. 4) at Northgate Free Methodist Church. Coauthor Dr. Robert eyers spent 10 years developing a treatment program that helps concerned significant others improve the quality of their lives and learn how to make treatment an attractive option for their partners who are substance abusers. Called Community Reinforcement and Family Training (CRAFT), the program uses scientifically validated behavioral principles to reduce the loved one's substance use and to encourage him or her to seek treatment.

Read Full Details

BCA Marketplace executive chairman Avril Palmer-Baunack is to head up struggling van rental business Northgate. Ms Palmer-Baunack, who has been with the owner of WeBuyAnyCar.com since 2014, has been announced as the new chairman of Northgate. Earlier this year Northgate came under fire from major shareholder Crystal Amber, which called for the removal of then-chairman Andrew Page. One City source described Ms Palmer-Baunack as “the heavyweight appointment Northgate needs”, with the main-market-listed company’s shares having fallen by 25pc over the past year.

Read Full Details