Speedy Hire sees bumpy road

Tool-rental firm Speedy Hire expects the next 18 months for the business to be “bumpy”, and said its finance director Justin Read had resigned to join a bigger UK firm. Speedy Hire, whose customers include Tesco and British engineering firm Costain, forecast a further 0.8 per cent fall in construction output this year. Speedy Hire derives 47 per cent of its revenue from construction markets.

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