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, […]
Hargreaves Services’ transport division, Hargreaves Logistics, saw both turnover and operating profit increase in the first six months of the current financial year.
West Bromwich-based Sheldon Clayton Group has acquired the Wednesbury, West Midlands operation of Manchester warehousing and transport firm CFT Services for an undisclosed sum. The move will see all 30 staff at CFT’s Wednesbury operation move to Sheldon Clayton’s 12-acre, West Bromwich site. Sheldon Clayton group MD Stephen Pollock said the acquisition would add over £3m to the group’s turnover, which has risen from £5m four years ago to £20m now, including the CFT operation. Sheldon Clayton, which has 240,000ft² […]