Speedy Hire warns of lower profits due to economic downturn and increased debt, despite a recent revenue rise.

Speedy Hire, a UK tool and equipment rental company, has issued a profit warning due to a weakening economy and reduced business demand. Despite a 5% revenue increase in December, the company faces lower profitability for the year and increased net debt of about £123m from new investments. Share values have dropped, and the company must assess if these issues are temporary or indicative of broader problems.

2 months ago
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