Hargreaves Services warns over exposure to possible British Steel collapse
22nd May 2019 09:50
(Sharecast News) - Hargreaves Services warned on Wednesday that if steel producer British Steel - which it has been supplying for nearly eight years - collapses, its revenue and pre-tax profit for the next financial year would suffer.
Read moreHargreaves' simplification enables sales and profits growth
5th Dec 2018 09:43
(Sharecast News) - Fuel supply and logistics firm Hargreaves Services said first-half trading had been "satisfactory" as it reported interim results in line with its expectations on Wednesday.
Read moreHargreaves Services trading in line with revised expectations
30th Oct 2018 11:03
(Sharecast News) - AIM-listed Hargreaves Services said on Tuesday that trading is in line with its revised expectations following the announcement that one of its customers, Wolf Minerals, has stopped trading and the completion of the Brockwell Energy sale.
Read moreHargreaves Services nets £21m from sale of Brockwell
22nd Oct 2018 14:50
(Sharecast News) - Industrial and property sector services provider Hargreaves Services announced the completion of the sale of the entire share capital of Brockwell to Lantern Bidco, a newly incorporated company backed by international investors experienced in UK energy infrastructure, on Monday.
Read moreHargreaves Services profits tumble as directors take new path
1st Aug 2018 09:22
(Sharecast News) - Hargreaves Services swung to a full-year loss as the distribution and industrial services group emerges from a process of simplifying the business portfolio amid a drying-up of its traditional revenue sources.
Read moreHargreaves Services enjoying more stable commodity conditions
22nd Dec 2016 08:22
(ShareCast News) - Amid its restructuring Hargreaves Services on Thursday reported more stable trading conditions during the last six months, with underlying profits on target and a strong second half expected. The second-half improvement is seen from its Coal Distribution and Property & Energy arms
Read moreRestructuring continues apace at Hargreaves Services
9th Aug 2016 14:30
(ShareCast News) - Full-year profits at Hargreaves Services sank as the company continued to restructure its operations in the face of low coal prices and UK coal generation-based power plant closures. Continuing revenues for the twelve months ending on 31 May shrank 48.6% to £340.7m, contributing t
Read moreHargreaves Services interim profit, revenue slide amid tough markets
16th Feb 2016 10:23
(ShareCast News) - Hargreaves Services reported a drop in interim revenue and profit and cut its dividend, pointing to pressures in the UK coal and steel markets. For the six months ended 30 November, the supplier of solid fuel and bulk material logistics posted continuing pre-tax profit of £800,000
Read moreHargreaves Services buys C A Blackwell Group to diversify operations
11th Jan 2016 11:32
(ShareCast News) - Hargreaves Services has acquired C A Blackwell Group for £11.85m in a bid to diversify its operations. The AIM-listed solid fuel supplier and bulk material logistics company announced the deal to purchase the civil engineering firm. Hargreaves will pay £8.5m in cash, and will tra
Read moreHargreaves Services plunges as conditions in thermal coal markets remain weak
5th Oct 2015 14:02
(ShareCast News) - Shares in Hargreaves Services plunged on Monday, after the group said conditions in the thermal coal markets remained difficult. The London-listed company, which supplies solid fuel and bulk material-related services, said thermal coal markets were "very weak" throughout the year,
Read moreSunday newspaper round-up: Global recession, Glencore, Prudential
4th Oct 2015 19:29
(ShareCast News) - Emerging economies risk "leading the world economy into a slump", with lower growth and a rout in financial markets, according to the latest Brookings Institution-Financial Times tracking index. Released ahead of the annual meetings of the International Monetary Fund and World Ban
Read moreHargreaves Services says awaiting clarity on impact of SSI mothballing
18th Sep 2015 14:32
(ShareCast News) - Hargreaves Services noted news that Sahaviriya Steel Industries, for which it provides material handling and coal procurement services, is looking to mothball steelmaking at its Redcar steelworks and said it was awaiting clarification of the plans. Hargreaves said once it receives
Read moreHargreaves Services lifts dividend after profits halved
11th Aug 2015 08:42
(ShareCast News) - Mining logistics firm Hargreaves Services lifted its dividend as it expressed optimism about UK coal markets despite posting a 52.2% fall in full year profit before tax. The company ramped up its final dividend to 20p from 16.7p, which saw shares in the stock climb 3.98% to 333.25
Read moreHargreaves Services slashes costs, but warns of challenging market conditions
2nd Jul 2015 08:53
Hargreaves Services has outperformed its £3m cost reduction plan, but remained wary of challenging conditions in the coal sector. To save costs, the company merged its energy, commodities and production divisions into the newly titled coal production and distribution unit. The restructuring process
Read moreHargreaves Services warns on profits due to coal and coke turmoil
17th Feb 2015 09:41
Shares in Hargreaves Services fell on Tuesday after first-half results were hit by turmoil in its coal and coke markets, with management warning of a "significant reduction" in expectations for the full year. The group said thermal coal demand was "very poor" because of the weakness in energy commod
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