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IN BRIEF: Speedy Hire says trading in line with expectations

ALN

Speedy Hire PLC - Merseyside, England-based tool and equipment hire company - Issues trading statement ahead of Thursday’s annual general meeting. Says the business has performed well in the year to date, despite continuing challenging conditions in some of end markets. Group’s year to date hire revenue is in line with this time last year. Steps to mobilise the new contract with Amey are in hand and it is anticipated that this will generate revenue in the final quarter of the financial year. Overall, says trading is in line with the board’s expectations for the full year.

Current stock price: 37.65 pence, down 0.5% in London on Thursday

12-month change: up 7.9%

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