Profit at Hargreaves Services’ transport division plummeted by more than£1m in the six months to November 2015, as the company was hammered by adverse conditions in the coal, steel, construction and waste markets and unseasonably warm winter weather. The fall in the transport division’s profits is worse than Hargreaves predicted in its profit warning last December, when it forecast a fall of £500,000 for the period. Reporting its interim results to November 2015 this week, Hargreaves Services said its transport […]
Construction hauliers are bracing themselves for the aftershock of Carillion’s high profile collapse this week.
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.