Hargreaves Services says trading tough despite profit rise
9th Sep 2014 08:17
Mining group Hargreaves Services unveiled higher annual profits but said trading was tough and its UK markets were volatile and uncertain. Hargreaves, which mines for coal as well as providing bulk transport services, announced a 5.6% rise in underlying pre-tax profit to £55.1m in the year to 31
Read moreSunday share tips: Ocado, Hargreaves Lansdown, Volution
8th Sep 2014 11:55
After a "wild ride" for Ocado shareholders, the company faces further uncertainty, Danny Fortson argued in the Sunday Times. Its agreement to deliver groceries for Morrisons cheered investors but it has not signed any more deals. Ocado is in a price war with other grocers, who are catching up with i
Read moreHargreaves Services pulls out of UK Coal closure plan
11th Jun 2014 14:11
Coal mining group Hargreaves Services has pulled out of a plan to help wind down and close rival UK Coal. Hargreaves had proposed to lend £5m as part of a package of private sector help to shut two deep pits at Kellingley, North Yorkshire, and Thoresby in Nottinghamshire. Harworth Estates, the pro
Read moreSector movers: Miners drop on falling metals prices and China concerns
30th May 2014 14:14
Mining stocks were leading the fallers on Friday on the back of a slump in commodity prices and concerns over a slowdown in China. Iron ore prices were headed for their sixth consecutive monthly decline, the longest losing streak on record, due to rising supplies from Australia and Brazil. Iron o
Read moreLondon midday: Miners pull UK markets lower, but Smith & Nephew rises
30th May 2014 11:34
- Mining stocks lower on iron ore, China concerns - Fenner issues profit warning - M&A continues to boost Smith & Nephew techMARK 2,820.23 +0.39% FTSE 100 6,860.62 -0.16% FTSE 250 16,039.31 +0.53% Weakness in the mining sector dragged the UK stock market from a two-week high on Friday, despite M&A
Read more"Challenging" conditions hit Hargreaves Services' coal unit
30th May 2014 07:28
Solid fuel supplier and logistics group Hargreaves Services has said in a pre-close trading update that results from its Production Division will be below expectations. The Production Division produces coal, coke, and smokeless fuel briquettes, and recycles tyres and other end-of-life rubber materi
Read moreUK Coal eyes cash rescue and deep job cuts
3rd Apr 2014 07:43
UK Coal, the country's largest remaining coal producer, is seeking a cash injection as it plans to close mines and cut jobs. The company, which provides 4% of the UK's electricity needs, has sought talks with the government and City firms to secure an emergency cash injection of between £10m and £
Read moreHargreaves Services H1 profits up but production takes hit
11th Feb 2014 07:56
British mining and transport group Hargreaves Services boosted half-year profit by a quarter, but pricing pressures in the coke market and delays in Scotland hit production. Hargreaves said a continuing strong performance from its UK coal operations and a contribution from seven newly acquired Scot
Read moreHargreaves Services facing tough steel trading
16th Dec 2013 07:42
British mining services company Hargreaves Services said its Monckton division was facing volatile trading in the steel industry but reported group trading in line with hopes. Hargreaves said the coke production plant near Barnsley in Yorkshire, which produces some 200,000 tonnes a year for heating
Read moreHargreaves Services profits hit by closures but revenues jump
24th Sep 2013 07:22
Hargreaves Services, the AIM-listed supplier of fuel and bulk material logistics, swung into the red in the year ended May 31st despite impressive top-line growth as the company felt the impact of a closure in Belgium and the mothballing of its Maltby colliery. Revenues from continuing operations j
Read moreHargreaves Services appoints Managing Director
9th Sep 2013 10:19
Hargreaves Services, which supplies solid fuels and bulk material logistics, has appointed Peter Gillatt as Managing Director of the production division. He will step into the role on September 16th after resigning from the board as Non-Executive Director. Gillatt has more than 35 years of experi
Read moreWednesday tips round-up: IG Group, Apple, Hargreaves Services
24th Jul 2013 06:46
Spread-betting company IG Group had a subdued first half but things have improved significantly as worries over withdrawal of quantitative easing in the US and a collapse in the price of gold encouraged trading on the group's platform, The Telegraph's Questor column pointed out. Revenues finished t
Read moreHargreaves Services snaps up parts of Scottish Coal
5th Jul 2013 15:39
Durham-based coal firm Hargreaves Services has bought parts of collapsed coal-mining producer Scottish Coal for 8.4m pounds. The deal covers 30,000 acres of land and includes Scottish Coal's rights and interest in various wind farm projects that were in the design and planning stage. Five Scottis
Read moreThursday broker round-up UPDATE
16th May 2013 07:43
Barratt Developments: Deutsche Bank lowers target price from 336p to 327p, while leaving its buy recommendation unaltered. BG Group: Credit Suisse raises target price from 1150p to 1190p keeping a neutral rating. BT Group: Berenberg takes target price from 280p to 375p and retains a buy recommenda
Read moreThursday broker round-up UPDATE
18th Apr 2013 07:16
African Barrick Gold: Investec reduces target price from 315p to 286p keeping a hold recommendation. BHP Billiton: JP Morgan cuts target price from 2380p to 2330p, while leaving its neutral rating unchanged. Deutsche Bank lowers target price from 2350p to 2334p keeping a buy recommendation. Big Ye
Read more