Half Year Results 

Working capital strain at Redde

Working capital strain at Redde

Redde (REDD) chief executive Martin Ward might have seen half-year numbers as "another set of good results", but investors clearly thought otherwise. The shares fell sharply on sight of a thinning gross profit margin and comments that the coming months face a tough comparison, thanks to the favourable conditions created for the vehicle accident management group by the extreme weather in early 2018.

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
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