Shares in HSS have fallen by 11.7% after investors abandoned the beleaguered tool hire firm following yet another profit warning. HSS is worth just £ 83.4m ( just £ ), 77% down since its shares were first listed in February 2015 . The company’s poor performance has led analysts to suggest a merger with rival firm Speedy Hire . “Losses are growing too quickly. The conditions are challenging and investors are losing patience”, said Neil Wilson , senior market analyst at HSS .
Shares in HSS have fallen by 11.7% after investors abandoned the beleaguered tool hire firm following yet another profit warning. HSS is worth just £83.4m ($107m), 77% down since its shares were first listed in 2015. The company’s poor performance has led analysts to suggest a merger with rival firm Speedy Hire. “Losses are growing too quickly. The conditions are challenging and investors are losing patience”, said Neil Wilson, senior market analyst at ETX Capital.