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 […]
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.
Profit at Hargreaves Services’ transport division plummeted by more than£1m in the six months to November 2015, as the company was hammered by adverse conditions in the coal, steel, construction and waste markets and unseasonably warm winter weather.
Hargreaves Logistics had a “solid” year in 2012-13, performing in line with expectations, parent company Hargreaves Services said today.