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 […]
Hargreaves Services is confident it can rebuild turnover and profit in its logistics business after the division suffered a 47% drop in operating profit to £2.3m last year.
Hargreaves Logistics had a “solid” year in 2012-13, performing in line with expectations, parent company Hargreaves Services said today.