Speedy Hire Plc (SDY.L), a British tool and equipment hire services company, on Tuesday said that it expects its annual profit to be below its previous expectations, citing weakness in some of its end markets and seasonal product lines, and some delays in mobilization of significant contract wins.
Speedy said that its acquisition of Green Power Hire Limited has continued to perform in line with its business plan and since purchase it has bought further units to enlarge its battery storage unit fleet. The company noted that as anticipated, supply chain benefits arising from the implementation of Velocity are being seen in the second half of the full year and will continue to deliver benefits into future years.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.