UK's Speedy Hire falls on lower 2026 profit outlook
02/04/2026 08:40
** Shares of construction and industrial tools provider Speedy Hire SDY.L fall 12.6% to 19.22p; stock is at lowest since April 2025 ** SDY top loser on FTSE small caps index .FTSC ** Expects FY2026 core profit of 90 million pounds ($118.99 million) vs. 97.1 million pounds it reported in 2025 ** Says market conditions have worsened through Q4 due to uncertainty around UK Budget in November, recent geopolitical events on Middle East ** SDY confident for outlook for FY2027 and beyond ** YTD, stock down ~24.44% ($1 = 0.7564 pounds) (Reporting by Rishab Shaju in Bengaluru) ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))