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 […]
The basket of MT shares has only drifted northwards by 7p in the past seven days. But growth at the rate of a penny a day is a fair old shift for a traditionally quiet time of year in the road transport industry, indicating that there is a lot of sentiment backing the success of Britain’s transport firms.
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.
Hargreaves Logistics, in partnership with SITA UK, has won a two-year contract to transport household waste with Durham County Council.