UK's Speedy Hire slumps over 20% on profit warning
30/01/2024 08:23
Jan 30 (Reuters) - Shares of Speedy Hire Plc SDY.L
slumped more than 20% in early trade on Tuesday after the
British tool and equipment rental firm forecast annual profit
below its previous expectations, hurt by weakness in the
construction sector and a milder winter.
The stock of the Newton-le-Willows, UK-headquartered company
fell as much as 20.3% to 28.70 pence, its lowest level since
Nov. 10, 2023.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Savio D'Souza)
((abyjose.koilparambil@thomsonreuters.com))