Speedy Hire shares have fallen 10.3% due to investor concern that it may be among companies affected by the collapse of support services group Carillion. It has an agreement worth up to £ 45m ($62m) over three years with the company. Speedy Hire (SDY) is among the companies who may be affected by Carillion’s collapse. Among other affected firms: Kier has put contingency plans in place for a joint venture on trains and motorway projects; Balfour Beatty expects to suffer a £35m-£45m cash outflow as a consequence of three joint ventures; and Galliford Try predicts £60m-£80 million loss from its rail business.
Speedy Hire shares have fallen 10.3% due to investor concern that it may be among companies affected by the collapse of support services group Carillion. It has an agreement worth up to £ 45m ($62m) over three years with the company. Among other affected firms: Kier has put contingency plans in place for a joint venture on trains and motorway projects; Balfour Beatty expects to suffer a £35m-£45m cash outflow as a consequence of three joint ventures; and Galliford Try predicts £60m-£80 million loss from its rail business.