16:55 EST, 1 December 2016 | 16:55 EST, 1 December 2016
Confident: Speedy Hire finance director Chris Morgan spent £50,633 on shares
Speedy Hire was given a boost of confidence when its finance director bought 117,751 shares at 43p each.
Chris Morgan, who has been with the firm since last December, spent £50,633 on the shares.
The deal will be welcome backing for troubled Speedy, which has been fighting attempts by activist investors to shake up its board.
Morgan, who lives in Cheshire, qualified as a chartered accountant with Ernst & Young and was formerly chief financial officer at outdoor equipment retailer Go Outdoors.
From 2004 to 2010 he was Tesco’s chief financial officer for Slovakia and the Czech Republic.