Turnover at the transport division of Hargreaves Services have risen in the past 12 months, however its profit fell marginally as its tanker division struggled. Hargreaves Logistics turnover increased by £5.4m from £77.3m to £82.7m for the 12 months ending 31 May. However operating profit fell slightly to £4m, from £4.1m a year ago. In a statement the firm said: “The bulk fleet exceeded our internal expectations having benefited from higher than normal coal shipments as power stations increased their […]
Scania has launched a fuel card based on cooperative principles, allowing operators to benefit from the bulk purchasing discounts usually reserved for the largest players in the sector. The Scania Fuel Card is administered by The Fuelcard People, with Scania buying fuel direct on members’ behalf to enhance the purchasing power of the collective. Scania’s scheme is free to join, offers a choice of fuel networks, features no minimum spend requirement and is charge-free for the first 12 months. David […]
Bulk logistics and solid fuels supplier Hargreaves Services has confirmed the issue of a second tranche of a new shares worth £21.15m, following shareholder approval at a meeting on 7 May.
Hoyer says 2012, and the medium term future, will be a “challenging period” as the bulk liquid giant reported a 6.8% fall in pre-tax profit to £3.5m for the year ending 31 December 2011 (2010: £3.8m). Turnover for the period also fell, by 3% to £133m (2010: £137.7m) according to results filed at Companies House. In its air gas business, Hoyer saw turnover reduce by some £3m following the loss of the Air Liquide contract at the end of August […]