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Speedy Hire profit drops 21%; reinstates dividend as demand recovers | 25 May 2021

25 May 2021 | 07:44am StockMarketWire.com - Equipment and plant hire company Speedy Hire booked a 21% drop in annual profit but resumed its dividend, citing a strong recovery in the second half. Pre-tax profit for the year through March fell to £12.3 million, down from £20.7 million year-on-year, as revenue slid 11% to £363.6 million. Speedy Hire nevertheless declared full-year dividend to 1.4p per share, up from 0.7p year-on-year. Hire revenue in the fourth quarter had risen 4% on a like-for-like basis. I am pleased to report results that are ahead of our expectations in what has been an exceptionally challenging year for customers and colleagues alike, chief executive Russell Down said.

UK stocks jump 1 6% on vaccine, stimulus hopes | 1 March 2021

1 March 2021 | 08:39am StockMarketWire.com - UK stocks opened substantially higher on Monday after Johnson & Johnson s single-dose Covid-19 vaccine was approved for use in the US. At 0823, the benchmark FTSE 100 index was up 104.78 points, or 1.6%, at 6,588.21. The Johnson & Johnson shot, expected to be distributed this week, will be the first single-dose vaccine anywhere on the market. Sentiment also was being buoyed by optimism US lawmakers will soon push through a huge stimulus package. In local news, distribution and services group Bunzl fell 2.0% to 321.93p, even as it reported a rise in profit driven by sales of higher priced Covid-19-related products.

Market sentiment boosted after pause in bond sell-off | 1 March 2021

1 March 2021 | 11:54am StockMarketWire.com - The FTSE 100 was up 1% to 6,550.74 by midday after the big recent sell-off in the bond market eased. US futures pointed to a rebound on Wall Street too. Other positive drivers for the FTSE included the launch of a new Covid vaccine and progress towards passing a big US stimulus package. The Johnson & Johnson shot, expected to be distributed this week, will be the first single-dose vaccine anywhere on the market. Halfords, a motoring and cycling products and services provider, upgraded its outlook on profit, citing a strong-than-expected performance during its fiscal fourth quarter of the year. The shares surged 11.7% to 323.5p.

Speedy Hire upgrades guidance, sells Middle East assets | 1 March 2021

Detailed text transcripts for TV channel - MSNBC - 20151029:11:54:00

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