In a brief market update, UK rental company Speedy Hire said its results for the 2015/16 financial year were expected to be in-line with expectations.

The company, which issues its full-year results in May, added that it expected to record a write-down of around £45 million (€57 million) in its full-year figures owing to a change in the carrying value of intangible assets.

Meanwhile, Speedy announced that Rob Barclay would join its board as a non-executive director from April. Mr Barclay has also been appointed chairman of the remuneration committee and will join the company’s nomination and audit committees. He joined from SIG, where he was managing director of UK, Ireland and Middle East.

In addition, Speedy said interim finance director Chris Morgan had now been appointed on a permanent basis and would also join the board as an executive director from April.

Finally, Bob Contreras, who joined the Speedy board in December 2015, will assume the role of senior independent director.

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