Speedy Hire on track for full year
14th Nov 2012 11:50
Tools and equipment hire business Speedy Hire has delivered solid interim results and stated that it is confident of meeting company expectations for the year. For the six months ended September 30th turnover increased slightly to £169.1m from £161.8m a year earlier, while it turned from a loss
Read moreSpeedy Hire in line for year
17th Oct 2012 08:02
Tools and equipment for hire business Speedy Hire said trading in the last six months has been in line with company expectations with underlying revenues up 5.3 per cent from the same time last year. It added that while market conditions remain challenging it is confident of meeting company expect
Read moreSpeedy Hire wins Middle East contract
18th Jul 2012 07:16
Speedy Hire, the tools and equipment for hire business, said its international division has been awarded a 5-year $50m contract to support ESNAAD in relation to ZADCO's artificial islands project in Abu Dhabi. Speedy said it will provide logistics, asset management and equipment rental services to
Read moreWednesday broker round-up - UPDATE
18th Apr 2012 09:12
ARM Holdings: Morgan Stanley maintains overweight rating. Ashtead: Jefferies maintains buy rating and 300p target. BHP Billiton: Barclays Capital maintains overweight recommendation and 2,400p target. British American Tobacco: Nomura raises target from 3,360p to 3,390p, buy recommendation maintai
Read moreSpeedy Hire confident of progress despite headwinds
18th Apr 2012 07:16
UK tools and equipment hire firm Speedy Hire said it continues to focus on self help measures to mitigate the effects of what remains a challenging market environment. Underlying revenues in the fourth quarter to 31 March rose 4.5% from last year, giving a full year underlying revenue increase of 5
Read moreSmall caps round-up: Speedy Hire, China Food, Enegi Oil...
15th Feb 2012 12:16
Speedy Hire, the UK's largest provider of tools and equipment for hire, said group underlying revenues for the third quarter were up 7.6% against the prior year, in line with the board's expectations. The firm, which is opening three new superstores, said that because of the weather the initial spee
Read moreWednesday broker round-up - UPDATE
15th Feb 2012 09:25
Essar Energy: Morgan Stanley upgrades to neutral from underperform. Anglo American: Citi downgrades to neutral from buy. International Consolidated Airlines: Credit Suisse raises target from 152p to 189p, neutral rating kept. InterContinental Hotels: Credit Suisse raises target to 1,521p from 1,
Read moreSABMiller new recruit buys first round of shares
25th Nov 2011 14:39
Lesley Knox, a non-executive director at SABMiller, the multi-national lager brewing company, has snapped up £63,225-worth of shares in the firm. Knox, 58, is a new recruit to SABMiller, and is also the chairwoman of Alliance Trust and the Grosvenor Group. Earlier today, the company announced th
Read moreFriday broker round-up - UPDATE
18th Nov 2011 09:42
Pennon: Deutsche Bank upgrades to buy from hold. Capita: Peel Hunt reiterates buy and 850p target. Capita: Investec slashes target to 630p from 725p, hold maintained. Chemring: finnCap downgrades from buy to hold, target slashes from 780p to 480p. ICAP: UBS cuts target from 380p to 328p, sell ra
Read moreThursday tips round-up: LSE, Speedy Hire, Barratt
17th Nov 2011 06:48
The Telegraph's Questor column sizes up the house builder Barratt Developments which announced a 25.9% rise in new reservations in an update yesterday. The key metric though was that its average selling price has risen to £207,000, up 7%. This is a result, says Questor, of the firm building bigger h
Read moreWednesday broker round-up - UPDATE
16th Nov 2011 09:44
Michael Page: HSBC upgrades to overweight from neutral. Reckitt Banckiser: Citi reiterates buy. Cairn Energy: Societe Generale initiates at buy. Royal Bank of Scotland: AlphaValue downgraded to add from buy yesterday and lowered the price target to £24.60from £29.80. ARM Holdings: UBS raises t
Read moreSpeedy Hire recovery continues
16th Nov 2011 07:48
Plant hire specialist Speedy Hire said it narrowed half yearly pre-tax losses and is confident of meeting expectations for the full year. Speedy said it had an encouraging start to the new financial year with overall performance in line with expectations. Pre-tax loss reduced to £2.3m for the six
Read moreMonday broker round-up - UPDATE
14th Nov 2011 09:19
Barclays: Goldman Sachs cuts to sell from neutral. BG Group: Evolution Securities keeps buy recommendation and 1,800p target. BG Group: Nomura maintains buy and 1,750p target. ITV: Peel Hunt retains buy and 73p target. ITV: Investec maintains hold rating and 55p target. Cairn Energy: UBS cuts
Read moreThursday newspaper tips: BAE, Speedy Hire, Rockhopper
13th Oct 2011 06:34
Since exiting the passenger jets market some years ago, BAE has been an entirely defence-focused business. Today, about half the workload comes from the UK military and about a fifth from the UK defence establishment. This is not a good place to be; last month the company announced about 3,000 job l
Read moreSpeedy Hire ploughs ahead
12th Oct 2011 07:35
Speedy Hire, a UK provider of tools and equipment for hire, said it expects underlying revenue in the second quarter to be 4.1% higher than the previous year and is confident of meeting full year expectations. "In spite of challenging macro-economic conditions, Speedy continues to make positive pro
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