Hargreaves Services’ transport division facing half a million pound profit hit


Hargreaves Services has warned that its transport division’s operating profit may fall by £500,000 this year due a decline in the coal, steel and construction markets. The warning came in a pre-close update issued by the County Durham-based company this week. It said that the continuing deterioration in the coal and steel markets and unusually warm winter weather had created short term volume and margin pressure across the group. Breaking the business into sector performance it said the transport division, […]