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Spire hurt by reliance on NHS

Spire hurt by reliance on NHS

Spire’s (SPI) management always said the group’s recovery would take time. A 21 per cent drop in adjusted cash profits in the first half of 2018 – the new chief executive’s first few months in charge – was therefore perhaps to be expected. What’s worrying is the lack of progress in reducing Spire’s reliance on the cash-strapped NHS, which is the largest single customer and contributed almost 30 per cent of revenues in these numbers.

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