Company
Speedy Hire PLC
LON:SDY
Formed in 1977, Speedy Hire is a leading provider of equipment hire services to UK contractors and builders, industry, utilities and the public sector, operating from over 500 depots throughout the country. The Group was traditionally focused on tool hire, but now also has complementary businesses specialising in portable accommodation, lifting, surveying, compressed air systems, pumping and power generation equipment.
82 stories
Archive
FTSE 100 Live: Stocks surge on hopes interest rates have peaked
At the close, London's lead index was up 136.00, 1.8%, at 7,628.21
Speedy Hire half-year profits slip and outlook remains uncertain
The tools and equipment hire services company said hire revenue growth was 5.5% with improved pricing helping to mitigate inflationary cost pressures while service revenue increased 29.0% reflecting higher income from fuel and energy sales
Speedy Hire rallies after making encouraging start to fiscal year
"We have made an encouraging start to FY2023 with volume growth and price increases more than offsetting cost pressures," said Russell Down, the chief executive officer of Speedy Hire.
Speedy Hire says FY results to meet forecasts after 7% revenue growth
"I am pleased to report that our positive trading momentum has continued with further revenue growth in Q4,” said chief executive Russell Down
Archive
Fulcrum Utility's attempt to calm nerves fails to do the trick
A look at some of the major movers in London on Wednesday
Speedy Hire trading in line as utilisation rates continue to recover
Hire rates are returning to something approaching normal levels but there is still too much uncertainty for the board to reinstate full-year guidance
Speedy Hire to part company with chief financial officer after training business runs into trouble
The Geason training business received a claim from a funding agency in late April 2020 alleging poor financial controls and overpayments of up to £2.6mln for the three year period commencing August 2017
Archive
FTSE 100 closes in the red as trader optimism fades
The benchmark of leading UK shares finished the afternoon session down over 46 points at 6,002
Speedy Hire says "many" construction projects continuing through coronavirus lockdown
Larger superstores remain open only via digital platforms or by telephone for clients providing services deemed essential by the government
Speedy Hire boosted by new additions and cost cuts
Two acquisitions powered 6% higher sales and 21% bigger profits in the first half of the year
Speedy Hire expecting a stronger second half
Net debt is predicted to reduce in the second half of the year
Archive
FTSE 100 closes higher as Trump trade fears ease
The mid-cap FTSE 250 was also a shade higher - adding around two points at 19,369
Archive
More turbulence likely from first-half numbers from travel firm TUI on Wednesday
Aside from the TUI numbers, blue-chip firms including DIY stores group Kingfisher, contract caterer Compass Group and credit checking firm Experian will also issue updates on Wednesday
Speedy Hire to buy UK cherry picker provider Lifterz for £9.6mln
Speedy Hire expects full-year revenues and profits to rise in line with expectations
Investments and investor services
Funding news and shareholder sales in focus for Wednesday’s small cap movers
A look at the day's gainers and painers, including Vodafone, FirstGroup and Haydale Graphene
Speedy Hire hikes interim dividend as SME targeting pays off in half year results
The tools and construction equipment rental firm reported a pre-tax profit of £13.2mln for the six months to 30 September, up 120% on the same period a year ago
FTSE 100 closes lower ahead of Prime Minister's Brexit statement
The UK blue-chip index closed down 19.97 at 7,033, while FTSE 250 shed over 75 points at 18,910
Archive
Investors hoping UK inflation will continue to retreat as wage growth goes in the opposite direction
Aside from the latest consumer price index data, the Day Ahead will also bring updates from the likes of British Land, SSE, Cobham, Smiths Group, and flyBe
Speedy Hire dusts off Carillion demise to leave full year guidance unchanged
Speedy Hire expects flat like-for-like revenues in the UK and Ireland due to lost revenue following the collapse of Carillion
Investments and investor services
FTSE 100 closes marginally higher but European peers and US stocks lag
Footsie closed up around seven points, or 0.10% at 7,683 on Thursday
Archive
Sports Direct to deliver improved annual results as investors hope for World Cup boost
The day ahead includes full year results from Sports Direct, a first quarter trading update from SSE and UK retail sales data
Speedy Hire reports jump in adjusted pre-tax profits as SME strategy bears fruit
The tool and equipment rental company reported an adjusted profit before tax of £25.9mln, up nearly 60% from the previous year
Archive
Boozy Wednesday in the City with Marston’s, Mitchells & Butlers and Bulmers maker C & C all due
It might not be Friday but it could be a messy one in the Square Mile nonetheless, particularly for the pub chains, which are likely to have felt the force of the ‘Beast from the East’
Speedy Hire shares zip higher as it upgrades profit forecast
Full year revenues before disposals are expected to be 6% ahead of the prior year despite the recent collapse of contractor Carillion
Carillion collapse puts contracts at risk but presents opportunities for sector peers
Carillion's contracts, joint venture partners and lenders are hanging in the balance after confirming its collapse
Speedy Hire buys cherry picker hire firms Prolift Access and Platform Sales & Hire for £13mln
Speedy Hire expects to realise revenue and cost synergies from the acquisitions
Archive
Day ahead: ITV, Vodafone and Bovis Homes results, UK inflation data
The day ahead includes corporate earnings from ITV, Vodafone and Bovis Homes as well as official UK inflation data
Speedy Hire expects its full year profit “to be well ahead" of last year and slightly ahead of previous expectations
In a brief trading update, the small cap firm said that group revenues for the period to 31 August, excluding disposals, are approximately 7.5% ahead of the prior year primarily due to growth in services revenues
Speedy Hire making speedy recovery
The turnaround continues at Speedy Hire and last year's shareholder revolt seems a long time ago
Archive
Vodafone to post drop in full year revenue and earnings amid rising competition
Vodafone and Speedy Hire report their full year results on Tuesday
Speedy Hire's trading update shows company on the mend
In a trading update today, it said revenues for 2016 were expected to be around 7% ahead of last year
Ophir Energy to ‘outperform’ thanks to Schlumberger’s addition to Fortuna
Ophir Energy, Aggreko, Speedy Hire and Majestic Wines were among those in Thursday's broker spotlight.
Speedy Hire in shock profits upgrade
Yes, you read that aright; Speedy Hire has given up issuing profit warnings and issued whatever the opposite of one is
Amur Minerals says no reason for share price spike
Some of the major share price rises and falls in London at 3.30pm
FTSE 100 drops; RBS hit by huge fine warning
FTSE 100 stocks dropped on Wednesday, dragged lower by housebuilders and building materials firms, as investors absorbed a poor trading statement from Barratt Developments. But RBS may have more bad news in the morning
Speedy Hire chairman holds on but rebel makes ground
Speedy Hire said it was pleased that shareholders strongly supported Jan Åstrand's position as chairman while also welcoming David Shearer as a director.
Rebel investor hits back at Speedy Hire
Toscafund voices surprise at hire group's rejection of its demands
Activist investor demands shake-up at Speedy Hire
Toscafund calls for removal of plant hire group's executive chairman
Risers and fallers: VIslink, Blancco Technology, Carclo ...
Major share price risers and fallers in London at 4.15pm
FTSE 100 Index rings up gains amid Vodafone cheer
The FTSE 100 Index gained 29.16 points to about 6181 by lunchtime
Risers & Fallers: Craven House, Haynes Publishing, Intelligent Energy, Inspirit, Karelian, Tejoori,
There is a glitch in the Matrix: two companies have placed shares and seen their share prices surge.
Speedy Hire hails improvements after shake-up
Plant hire group says business has stabilised and is responding to changes launched by new bosses
FTSE 100 muted despite last night's US market strength
Muted rise for FTSE 100 despite strong night from US and Asian market.
FTSE100 set for modest opening despite Wall Street surge
In comparison with the gains seen on Wall Street and Asia, London is set for a subdued opening
Investments and investor services
Preview - Can Vodafone live up to positive expectations?
Vodafone, Speedy Hire and Blinkx are among the highlights in Tuesday's schedule in London.
Beaufort Securities boosts Chariot Oil & Gas
Broker upgraded the Africa and Brazil-focused oil explorer to a speculative buy
Archive
Drug companies inject interest into lacklustre London market
PureTech Health told investors it had expanded its focus on microbiome-based interventions
Speedy Hire PLC shares dip after goodwill write-off
Speedy Hire shares dipped almost 8% this morning after it announced a non-cash write down.
Speedy Hire confirms no HSS Hire deal is likely
The firms had been in talks until last month according to reports
Investments and investor services
Risers & Fallers: 88 Energy, HSS Hire, Pantheon Resources, Univision and more
Below are the main news-driven share price movements at 4pm.
Risers and Fallers: Lonmin, Speedy Hire, Experian, Drax, Kuala and Sovereign Mines
Below are the main news-driven share price movements at 4pm.
Investments and investor services
Glencore and Anglo American drag FTSE 100 lower
The FTSE 100 ended the day around some 2.5% lower, 150 points, at 5,958.
Investments and investor services
London stocks fall as China and commodity prices weigh
Chinese industrial profits in August declined at fastest annual pace since records began
Speedy Hire warns on profits after tough start to year
Plant hire group says profits would be materially below market expectations
Risers & Fallers: PeerTV, Vmoto, Lead All Investments, Ultra Electronics, Geong International...
Below are the main news-driven share price movements at 4pm.
Investments and investor services
FTSE 100 bounces back on hopes Greece will climb down
Investors were fixated on the chances of a climb-down by Greece in its debt negotiations, which is just as well, as there was little in the way of corporate news from FTSE 350 companies.
Archive
Footsie back on front foot as Tsipras blinks
Market bounces as Greece looks set to do U-turn on debt deal
Speedy Hire warns on annual profits after problems
Plant hire firm blames equipment shortages and IT disruption
Footsie rebounds on hopes of a Greek climb-down
London’s blue chip index is set to rally despite Greece overnight becoming the first western country to default on a loan from the IMF.