The insolvency of a major mining customer cost Hargreaves Services more than £8m last year, the group revealed today. In its interim results, Hargreaves Services, whose distribution and services division includes Hargreaves Logistics and Hargreaves Waste Services, detailed the impact of Wolf Minerals’ insolvency. The resulting loss of the contract at the Hemerden tungsten mine in Devon last October saw Hargreaves record an exceptional charge of £8.1m in the six months to 30 November 2018. This comprised a £5.1m write […]
Revenues at Hargreaves Services fell by 7.9% in the year ending 31 May 2021, largely due to a delayed start to the HS2 contract.
A quiet week for share trading in listed transport firms – but it didn’t stop an upswing in the combined share-price, with a total basket worth £16.37.4p. The swing comes predominantly from a rise in the price at Hargreaves Group, which will publish annual results on 28 February. But its profit might feel a sting after it said in in November there would be a 3% rise in pay for subcontractors – a hit of £750,000. When it comes to […]