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. Publishing its full year accounts, Hargreaves Services said the cessation of trading at Wolf Minerals last October and the liquidation of British Steel in May turned it loss making in the period, though the company described its underlying performance as “satisfactory”. The loss came after Hargreaves Services recorded an £8.1m exceptional charge in regards Wolf […]
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.
Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure.
Hargreaves Services’ transport division, Hargreaves Logistics, saw both turnover and operating profit increase in the first six months of the current financial year.