Hargreaves Services is keeping a watching brief after client British Steel went into liquidation. In a statement issued ahead of official confirmation that the business had entered the insolvency process, the group confirmed it had worked with British Steel for the past eight years supplying materials handling and other services to it. These include materials handling at Immingham port (unloading raw materials – iron ore, coal and coke) and transferring them to the Scunthorpe site as required; receiving raw materials […]
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.
Current Tip-ex Haulier of the Year Hargreaves Services has raised £42.3m via a share placing as it looks to expand its portfolio of UK surface mining assets, to the benefit of its transport division.
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.