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 […]
Hargreaves Services’ logistics division has felt the impact of Brexit, after a UK port delayed a £7m earthworks project in light of the EU referendum result.
The collapse of British Steel and Wolf Minerals left Hargreaves Services £16.1m out of pocket for the year ended 31 May, the company said today.
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.