2 April 2026 - trading update
The UK's leading tools and equipment hire company has issued a trading update covering the year to 31 March which has confirmed that trading in the last quarter of the financial year has been disappointing due to subdued market conditions. These have been adversely affected by the delayed budget last November and the situation in the Middle East, both of which have increased uncertainty - this has led to reduced demand from customers. As a result the group has reduced its pre-tax profit expectations for the year and the high level in operational gearing . . .
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