Current Tip-ex Haulier of the Year Hargreaves Services has raised £42.3m via a share placing as it looks to expand its portfolio of UK surface mining assets, to the benefit of its transport division. The shares have been placed in two tranches with a mixture of existing and new institutional investors. The second tranche is subject to shareholder approval at a meeting scheduled for the 7 May. Hargreaves expects to achieve net proceeds from the placing of £40.2m, which equate […]
When Motortransport.co.uk spoke to Wincanton chief executive Eric Born last week he claimed there was little he could do about the share price of the company. Sadly, this week has proven that statement to be true.
The collapse of British Steel and Wolf Minerals left Hargreaves Services £16.1m out of pocket for the year ended 31 May, the company said today.
UK Mail’s bull run couldn’t last. After hitting the heights of 510pence per share last week, following a stellar set of results, it has drifted back slowly to 497p as of today – still significantly higher than the 445p the week before its full year results. Not bad work in a fortnight. But it has still helped the MT basket of six shares hit a new high for the year: £18.67…