Financial Times FT.com

Northgate hurt by rate rises

By Chris Tighe

Published: January 10 2007 02:00 | Last updated: January 10 2007 02:00

Interest rates may dent profits' growth at the UK's largest van hire company, Northgate said yesterday. Base rate rises in the UK and Europe may wipe £1.5m off full-year pre-tax profits in the current year. ABN Amro trimmed its pre-tax profit forecast for the current year from £80.5m to £79.4m. Shares fell 37p, or about 3 per cent, to £11.51.

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