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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.

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