Redde sales rise, but cash falls

Redde sales rise, but cash falls

This year's 'Beast from the East' snowstorm in March may have ratcheted up costs for motor insurers, but at accident management specialist Redde (REDD) it drove demand for vehicle hire services and boosted first-half revenues. Utilisation of the hire fleet also rose to 82.9 per cent from 81.5 per cent last year.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now