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Evening Standard

Press Association Business Staff

Speedy Hire shares under pressure on profit alert

Speedy Hire London Network Rail

Speedy Hire has cut its profit outlook (Speedy Hire/PA) -

Speedy Hire shares have tumbled after it warned annual profits are set to drop amid worsening trading conditions.

The London-listed equipment hire firm said it expects underlying earnings to fall to around £90 million in the year to March – a 7% drop from £97.1 million the previous year – after seeing trading take a turn for the worse in its final quarter.

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