Speedy Hire names Lynn Krige FD
25th Jul 2011 07:33
Construction materials hire firm Speedy Hire said it has appointed Lynn Krige as finance director with effect from 1 September 2011. Krige, who was previously finance director of construction and housebuilding firm John Laing, will replace Justin Read, who resigned from the position of finance dir
Read moreSpeedy Hire in line with management expectations
13th Jul 2011 12:54
Construction materials hire firm, Speedy Hire, said its performance was in line with management expectations in the three months to 30 June. The firm said that group revenues on a like for like basis, excluding fleet equipment sales, in the three months to 30 June were up 0.4% on the same period la
Read moreSpeedy Hire FD resigns
18th May 2011 08:44
Tool rental firm Speedy Hire announced the resignation of its finance director Justin Read as tough trading conditions continue. Read will leave the firm 26 August 2011 to join property group Segro. Speedy Hire said a recruitment process for a new FD would start shortly. Meanwhile the group repo
Read moreWednesday tips round-up: Pearson, Tesco, Speedy Hire
27th Apr 2011 08:01
Publisher Pearson's reliance on education is not without risk, as it is dependent on state budget decisions, it has proved lucrative for Pearson. Its latest bolt-on acquisition of Schoolnet reacts to the US government's increased focus on personalised, computer-based learning. The FT Group, the div
Read moreSpeedy Hire sells accommodation hire unit
26th Apr 2011 09:11
Speedy Hire, a UK provider of tools and equipment for hire, has sold its accommodation hire business to Elliott Group, a subsidiary of Algeco Scotsman, for a total consideration of £34.9m in cash. Following years in which Speedy "experienced particularly challenging trading conditions" in that busi
Read moreSpeedy Hire Q4 sales rise 4.8%
11th Apr 2011 07:36
Plant hire specialist Speedy Hire said revenues, excluding fleet equipment sales, in the three months to 31 March rose by 4.8% from the year before while expectations for the new financial year remain the same. In the UK Asset Services business, fourth quarter revenue, excluding fleet equipment sa
Read moreSmall caps round-up: Flying Brands, President Petroleum, Densitron...
10th Mar 2011 14:48
Retailer Flying Brands blamed winter weather, a drop in profits at the garden business and bigger losses at the gifts unit for a plunge in profit during 2010. The garden division saw profits fall to £1.34m from £1.81m, while the gifts business lost £0.81m compared with £0.21m a year ago. Winter wea
Read moreLondon close: Flat finish for FTSE 100
14th Feb 2011 16:42
The top share index finished flat after a sluggish day's trading. Takeover talk pushed the price of engineering stalwarts Weir Group and Invensys higher, with engineering colossus Siemens said to have cash burning a hole in its pocket. The German company's chief financial officer, Joe Kaeser, sai
Read moreLondon afternoon: Footsie in red despite miners
14th Feb 2011 14:29
Mining stocks are buoyant after China's economy grew 9.8% in the final quarter of 2010, but demand for miners has not prevented the blue-chip index from sliding into the red. Takeover talk is pushing the price of engineering stalwarts Weir Group and Invensys higher, with German engineering colossu
Read moreLondon midday: FTSE 100 turns lower
14th Feb 2011 12:13
The top share index is slightly under pressure now though there is some excitement among oil-related stocks in the mid-cap index. Shares in John Wood have roared ahead after the oilfield services group said it is returning money to shareholders, and is to pay out $1.7bn after it agreed to sell it
Read moreSpeedy Hire shrugs off December snow storms
14th Feb 2011 11:24
Plant hire specialist Speedy Hire said sales were up by 8.8% in the three months to 31 December despite the bad weather towards the end of the period. The company pointed out that the strong growth came in spite of the 3.3% contraction in the construction sector during the quarter. "This increase
Read moreThursday tips round-up: Morgan Crucible, Rolls-Royce, Ted Baker
18th Nov 2010 06:53
Morgan Crucible gets three fifths of its revenues from the manufacture of high-specification ceramics. These go into areas such as defence, aerospace and medical markets. Profits for the current year will be at the top end of market forecasts, putting the shares on 13 times' this year's earnings, f
Read moreLondon close: Footsie sluggish as Ireland hogs limelight
17th Nov 2010 16:52
Footsie limped to a slightly higher finish on a sluggish day dominated by uncertainty over the Irish debt situation. Ireland appeared close to accepting a European bailout Wednesday ahead of a visit from European Union and International Monetary Fund experts the following day. The discussions shoul
Read moreLondon afternoon: Waiting for the dust to clear
17th Nov 2010 14:35
Investors continue to adopt a wait and see approach, biding their time until the Irish debt situation becomes clearer. UK economic news has been good, but not amazingly so. There was an unexpected fall in unemployment in October and a widely-anticipated three-way split in views on the Bank of Engla
Read moreSpeedy Hire shrugs off bigger losses
17th Nov 2010 13:21
Plant hire specialist Speedy Hire has grown UK revenue, volume and average hire rates for the third quarter in a row following a further increase in the three months to 30 September, and October was up 5% on the year before. UK volume of equipment on hire was up 5.4% in the quarter compared with th
Read more