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 […]
After revealing its positive outlook for the rest of the current financial year last week, Wincanton’s continually increasing share price has hit its highest point since the MT Tracker began in January. The company updated investors that it had performed well in the first quarter of its current financial year, despite slipping container volume.
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.