Speedy Hire CEO quits after irregularities found - UPDATE
29th Nov 2013 11:26
- 3m pound effect on FY profits - 2012 and 2013 results to be restated - Debt terms breached The Chief Executive of equipment rental group Speedy Hire has offered his resignation after accounting irregularities emerged in its international division that will reduce group full year profits. The F
Read moreFriday broker round-up UPDATE
29th Nov 2013 08:52
Bovis Homes: Panmure Gordon ups target price from 875p to 900p and stays with its buy recommendation. BowLeven: Barclays cuts target price from 175p to 135p maintaining its overweight rating. BT Group: Jefferies shifts target price from 430p to 435p and retains a buy recommendation. Compass Group
Read moreThursday broker round-up UPDATE
21st Nov 2013 09:14
Aggreko: Liberum Capital initiates with a target price of 1500p and a hold recommendation. Antofagasta: UBS reduces target price from 965p to 870p and downgrades from buy to neutral. APR Energy: Liberum Capital starts with a target price of 890p and a sell recommendation. Ashtead Group: Liberum C
Read moreWednesday broker round-up
13th Nov 2013 12:33
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p. Antofagasta: Alphavalue lowers target price from 1000.6p to 999.5p, while upgrading from add to buy. Associated British Foods: Credit Suisse raises target price from 1850p to 2250p and keeps a neutral rating.
Read moreTuesday broker round-up UPDATE
12th Nov 2013 09:20
Accesso: Canaccord Genuity raises target price from 680p to 770p and keeps a buy recommendation. Andor Technology: FinnCap places both its target price (prev.: 390p) and its hold recommendation under review. Babcock International: Jefferies increases target price from 1250p to 1600p retaining a bu
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreSpeedy Hire reports small drop in quarterly revenues
18th Jul 2013 07:56
Equipment rental company Speedy Hire suffered a small drop in revenues in the three months to the end of June but said it was trading in line with management expectations. Revenues fell 0.8% in the quarter weighed down by a 2.6% drop in revenues in its UK and Ireland division. It pointed out last y
Read moreTuesday broker round-up UPDATE
2nd Jul 2013 08:24
Amara Mining: Westhouse Securities raises target price from 60p to 90p and stays with its buy recommendation. Canaccord Genuity lowers target price from 50p to 40p maintaining its buy recommendation. Anite Group: Panmure Gordon shifts target price from 171p to 177p and reiterates a buy recommendati
Read moreSpeedy Hire International markets flourish as UK struggles
17th Apr 2013 08:02
Tools and equipment hire business Speedy Hire said it expects to report profit before tax marginally ahead of company's previous expectations for the year ended March 31st 2013, as it taps into overseas markets. Underlying revenues in the fourth quarter to March 31st rose 0.2% against the prior yea
Read moreWednesday broker round-up UPDATE
17th Apr 2013 07:20
African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreSpeedy Hire's shares rise on contract with National Grid
27th Mar 2013 09:52
Speedy Hire, the UK's largest provider of tool and equipment for hire, has won a contract with National Grid. The company will supply National Grid with hired plant and equipment under a managed services agreement worth up to £6.0m per year. Speedy will act as National Grid's managing agent in ord
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreSpeedy Hire remains confident in full year
13th Feb 2013 07:28
Tools and equipment hire business Speedy Hire said third quarter revenue increased from the same time a year earlier, and its performance in the final quarter to date underlines its confidence in meeting full year guidance. In the UK & Ireland revenue, during the quarter to February 12th 2013, rose
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