Speedy Hire backs Jan Astrand after attempts to oust chairman
12th Aug 2016 09:31
(ShareCast News) - Tool rental company Speedy Hire said it "strongly recommends" its shareholders vote against ousting executive chairman Jan Åstrand by its largest investor, Toscafund Asset Management. Toscafund has forced a special general meeting on the 9 September to oust Åstrand and on Wednesda
Read moreSpeedy Hire shareholder Toscafund calls for head of chairman Åstrand
25th Jul 2016 12:57
(ShareCast News) - Speedy Hire's biggest shareholder has called for an emergency shareholder meeting to remove "indecisive" executive chairman Jan Åstrand. Hedge fund Toscafund Asset Management, which owns a 19.4% stake in the fully listed tool hire company, has requisitioning the general meeting as
Read moreSpeedy Hire sees full-year ahead of expectations
13th Jul 2016 08:08
(ShareCast News) - Speedy Hire said on Wednesday that its full-year results are likely to be ahead of the board's previous expectations following a positive start to the year. The tools, equipment and plant hire services company said revenues in the first quarter ended 30 June were slightly ahead of
Read moreSpeedy Hire hails restructuring benefits as it posts annual loss
17th May 2016 13:51
(ShareCast News) - Shares in Speedy Hire were up almost 5% this afternoon after it posted an impairment-dented set of full year results, but confirmed it was beginning to respond positively following a period of restructuring. The tools, equipment and plant rental company posted a full year pre-tax
Read moreMonday broker round-up
8th Feb 2016 15:02
(ShareCast News) - Petrofac: Goldman Sachs downgrades to neutral with a target of 909.8p. G4S: Jefferies downgrades to underperform with a target price of 170p. Cairn Energy: RBC keeps at outperform, 200p target. Wood Group: Goldman Sachs downgrades to sell, 517.6p target. Amec Foster Wheeler: No
Read moreSpeedy Hire buys OHP, strengthens rail sector services
8th Feb 2016 09:06
(ShareCast News) - Tools, equipment and plant hire services company Speedy Hire has acquired OHP Limited for an initial cash consideration of £1.5m and the assumption of net debt of around £1.7m. The deal, which is expected to be earnings enhancing in the first year following acquisition, was funded
Read moreSpeedy Hire swings to loss but investors cheer signs of turnaround
10th Nov 2015 11:39
(ShareCast News) - Shares in Speedy Hire rose sharply after the company's first half results met expectations, with investors encouraged by early signs of progress in the turnaround and confirmation of full year targets. For the six months to the end of September, the tools, equipment and plant hire
Read moreBroker tips: Glencore, BAE Systems, Speedy Hire
28th Sep 2015 16:55
(ShareCast News) - Glencore shares tumbled on Monday on the back of a fairly downbeat assessment from Investec, which warned the stock holds little value for shareholders. "The challenging environment for mining companies leads us to the question of how much value will be left for equity holders if
Read moreInvestec downgrades Speedy Hire on profit warning
28th Sep 2015 12:11
(ShareCast News) - Investec downgraded Speedy Hire to 'hold' from 'buy' and put its 100p price target under review until it gets more clarity on a turnaround after the company issued its second profit warning in three months. "This is another disappointing update and underlines the scale of the task
Read moreSpeedy Hire slumps as it issues another profit warning
28th Sep 2015 09:26
(ShareCast News) - Shares in Speedy Hire fell sharply after the company issued its second profit warning in three months. In a trading update ahead of its first-half results, the company said that due to legacy issues, core hire revenue in the UK and Ireland is expected to be around 10% below las
Read moreSpeedy Hire's director buys shares after profit warning and CEO's resignation
2nd Jul 2015 15:56
A non-executive director of Speedy Hire bought £15,597 of shares one day after the hire company's chief executive stepped down due to a profit warning. James Morley, chairman of the board's audit committee, purchased 30,000 shares for an individual price of 51.99p. Following the transaction, Morley
Read moreSpeedy Hire CEO resigns after material profit warning
1st Jul 2015 13:03
Speedy Hire's chief executive has stepped down after the company warned that full-year results will be materially below expectations. The tool and equipment hire company suffered a slower-than-expected start to the current financial year due to a lack of available equipment, a focus on strategic acc
Read moreSpeedy Hire's revenue on track to meet expectations
15th Apr 2015 09:12
Equipment rental and plant hire services group Speedy Hire said it expected annual revenue to be in line with expectations. The London-listed group said revenue for the 12 months to the end March is forecast to meet market expectations, while adjusted pre-tax profit is poised to be slightly better-t
Read moreSpeedy Hire expects good half year results
16th Oct 2014 16:18
UK equipment hire company Speedy Hire said in its trading update on Thursday it saw "a good overall start of the year" in the first six months of 2014. The company said its revenues in the UK and Ireland are expected to grow 11% year-on-year thanks to a continued growth of the business, especially f
Read moreSpeedy Hire trades in line and sees market improvements
16th Jul 2014 09:59
Building equipment rental company Speedy Hire reported higher revenue and said trading in its core markets was improving. Speedy Hire said revenue rose 15.7% in the three months to June 30th against the same period last year. It said economic and market conditions in its core markets continued to
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