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 […]
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.
Share prices in the industry have not changed dramatically since last week. Most have seen a small increase in value, apart from Stobart, which saw its share value remain static.