Speedy Hire Share News (SDY)

UK earnings, trading statements calendar - next 7 days

Speedy Hire bolsters financial controls to improve asset accounting

Speedy Hire PLC - Merseyside-based tools hire services firm - Updates on actions taken by the company following previously announced discovery of a deficiency in the value of non-itemised assets of around GBP20.4 million. Assets include equipment without a unique serial identifier such as scaffolding towers, fencing and non-mechanical plant.

Speedy Hire says no fraud in £20m 'missing' equipment mystery

(Sharecast News) - UK tools and equipment company Speedy Hire said a probe into £20m of missing equipment found no evidence of fraud, but discovered problems with control and accounting procedures.

IN BRIEF: Speedy Hire expects annual profit to be in line with guidance

Speedy Hire PLC - Merseyside-based tools hire services firm - Expects to report pretax profit for the year ended March 31 in line with the board's expectations. Also expects revenue to be up about 14% annually. In financial 2022, revenue was GBP386.8 million, and pretax profit was GBP29.1 million. However, Speedy Hire warns that there has been "some" softening of demand in recent weeks. Also notes that its external investigation into the issue identified with non-itemised assets, including a review of controls and accounting procedures, continues to progress. Expects to report net debt at the year end of less than £94m.

SMALL-CAP WINNERS & LOSERS: Topps Tiles hails record half; Lookers up

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Speedy Hire FY revenues rise, warns of 'softening' demand

(Sharecast News) - Tools and equipment hire group Speedy Hire said on Wednesday that full-year revenues had risen but cautioned that it had seen some "softening of demand" over recent weeks.

SMALL-CAP WINNERS & LOSERS: On the Beach on the up after upgrade

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

LONDON MARKET CLOSE: Powell comments, hope for UK economy lift stocks

(Alliance News) - Stocks in London were higher at the close on Wednesday, with sentiment buoyed by a steady message from US Federal Reserve Chair Jerome Powell and indications that the UK may narrowly avoid a recession.

Speedy Hire shares fall amid value deficiency, depot reduction costs

(Alliance News) - Speedy Hire PLC on Wednesday announced that it is performing well in its second half of its financial year 2023 ending March 31, but reported a deficiency in the value of assets and a reduction in depots.

SMALL-CAP WINNERS & LOSERS: Speedy Hire finds GBP20 million shortfall

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Speedy Hire launches investigation into uncovering £20m deficiency

(Sharecast News) - Tools and equipment hire services company Speedy Hire has launched an investigation after uncovering a deficiency in the net book value of its hire equipment.