Speedy Hire  Finance director, Chris Morgan, buys £50k of Speedy Hire shares
Speedy Hire's finance director, Chris Morgan, has purchased 117,751 shares at 43p each, costing a total of £50,633. The deal is a sign of confidence during a troubled time for the company, which is under fire from "activist investors" attempting to shake up the board.

Confident: Speedy Hire finance director Chris Morgan spent £50,633 on shares

Speedy Hire was given a boost of confidence when its finance director bought 117,751 shares at 43p each.

Chris Morgan, who has been with the firm since last December, spent £50,633 on the shares.

The deal will be welcome backing for troubled Speedy, which has been fighting attempts by activist investors to shake up its board.

Morgan, who lives in Cheshire, qualified as a chartered accountant with Ernst & Young and was formerly chief financial officer at outdoor equipment retailer Go Outdoors.