LONDON (Alliance News) - Speedy Hire PLC said Non-Executive Director David Shearer bought 100,000 shares at a price of 42.5 pence Wednesday.
Shearer's subsequence shareholding was not disclosed.
The tool and equipment hire firm had said earlier Wednesday its recovery is now well established as it reported a swing to profit and robust revenue growth in the first half of its financial year and said it anticipates outpacing its expectations for the full year.
Speedy Hire said it made a pretax profit of GBP5.4 million in the half to the end of September, compared to a GBP13.5 million loss made a year prior due to restructuring costs the group booked.
Shares in Speedy Hire were up 15% at 42.25 pence Wednesday following the results announcement.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Speedy Hire (SDY)