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flag HSS Hire Group surged 39% after rebranding as a digital marketplace, backed by a £35M investment and asset sale, amid a £130M loss.

flag HSS Hire Group surged 39% after announcing a strategic shift to an online platform, rebranding as ProService Building Services Marketplace PLC. flag Speedy Hire will invest £35 million for a 9.99% stake and supply equipment under a five-year deal, while Endless LLP acquires HSS’s physical assets for £26 million. flag The move follows a £130.3 million pre-tax loss, driven by a £114 million impairment charge, despite rising revenue. flag The restructuring includes employee transfers and aims to create a scalable, capital-light digital marketplace, with all deals pending regulatory and shareholder approval by year-end.

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