Hargreaves Services plunges on profit warning
28th May 2012 08:29
Hargreaves Services lost around a third of its value after it issued a profit warning as a result of ongoing problems at one of its Maltby wells in South Yorkshire. The UK supplier of coal said further development on well T125 has had to be abandoned on health and safety grounds, and this will ult
Read moreTuesday broker round-up
10th Apr 2012 09:14
Domino Printing: Jefferies reiterates hold rating and 580p target. Hargreaves Services: Jefferies maintains buy rating and 1,495p target. Marks & Spencer: Panmure Gordon keeps hold recommendation and 390p target. Michael Page: Panmure Gordon retains sell rating and 348p target. Petropavlovsk: No
Read moreHargreaves Services hit by production problems at Maltby
14th Feb 2012 08:52
Hargreaves Services, the solid fuels and haulage firm, has been hit by disappointing coal production at its Maltby coal mine in South Yorkshire. Underlying operating profit for the six months to the end of November 2011 was £18.9m, a drop of 9.8% against the same period of 2010. Profits before tax
Read moreMonday broker round-up - UPDATE
19th Dec 2011 09:10
Randgold Resources: Goldman Sachs downgrades to sell from neutral. Aggreko: Investec puts 1,950p target under review, buy rating retained. Carnival: Evolution Securities keeps buy recommendation and 2,850p target. Ocado: Panmure Gordon keeps sell rating and 50p target. Babcock: Panmure Gordon r
Read moreThursday tips round-up: Millennium & Copthorne, Hargreaves Services, Quadrise
15th Sep 2011 06:31
Millennium & Copthorne hasn't had the easiest of rides in recent weeks. A glance at the company's interim management statement in early August doesn't go very far in explaining the slump. The update showed that pre-tax profits in the second quarter were up more than 90%. The company's strengths - an
Read moreLondon midday: FTSE 100 buoyant as Next rallies retailers
14th Sep 2011 12:12
The volatility continues with the top share index in the blue now after a weak start. In what it confessed has been a difficult year so far, clothing retailer Next saw half-year sales rise 3% to £1,565m from the year before, while profit before tax jumped 8.5% to £228m. Excluding its Ventura arm, N
Read moreLondon open: FTSE 100 bounces back after early jitters
14th Sep 2011 09:00
The volatility continues with the top share index in the blue now after a weak start. In what it confessed has been a difficult year so far, clothing retailer Next saw half-year sales rise 3% to £1,565m from the year before, while profit before tax jumped 8.5% to £228m. Excluding its Ventura arm, N
Read moreProfits roar higher at Hargreaves Services
14th Sep 2011 07:41
Strong carbon markets helped coal supplier Hargreaves Services post a sharp rise in profits for the year to 31 May. Underlying pre-tax profits rose to £40.5m from £34.3m on revenues up to £552.3m from £459.8m. Underlying diluted earnings per share rose to 103.7p from 88.8p. Broker Panmure Gordon ha
Read moreWednesday preview: Next, Barratt, Galliford Try, Hargreaves Services
13th Sep 2011 16:13
Fashion retailer Next said last month that total sales rose 3.2% in the first half of the year, as strong growth in online sales offset a moderate decline in its shops. It also said it expects the cost price inflation environment to improve, but given recent market volatility, it will be interesting
Read moreHargreaves informs of good trading conditions in Europe
22nd Jun 2011 15:13
AIM-quoted coal and transport services supplier Hargreaves Services has today provided a trading update ahead of the close of its reporting period. Management has highlighted that results, "are expected to be in line with management expectations." Additionally, the Board says that it remains confide
Read moreInterims prompt Hargreaves upgrade
22nd Feb 2011 16:49
A positive interim announcement from AIM-quoted coal and transport services supplier Hargreaves Services has sparked upgrades of next year's profit forecasts by brokers. Both house broker Brewin Dolphin and Panmure Gordon have held this year's profit forecast but increased their 2011-12 forecasts
Read moreSmall caps round-up: Clyde Process, Hargreaves Services, Synchronica
1st Dec 2010 09:15
Clyde Process has agreed a £33m bid from German group Schenck worth 82.5p per share in cash. "Clyde Process has a strong expertise in air filtration and pneumatic conveying and injection technology that Schenck Process believes will further enhance its own value proposition to its IBS Heavy and IBS
Read moreWednesday tips round-up: Hargreaves Services, Hilton Food, Ashmore...
15th Sep 2010 06:54
The three main growth areas for Hargreaves are niche coal supplies in Europe, renewable power and the development of the Tower Colliery in Wales, bought by the miners in 1995 after it was closed down. Tower is to reopen in the spring, the coal extracted over seven years and the site then redevelop
Read moreHargreaves benefits from speciality trading
14th Sep 2010 14:17
Despite production problems at the Maltby colliery and the weak economy Hargreaves Services continues to grow its profit and it is focusing on organic growth in the future. AIM-quoted Hargreaves reported an increase in underlying pre-tax profit from £28.6m to £34.3m in the year to May 2010, even t
Read moreWednesday tips round-up: Ted Baker, Bellway, Oxford Instruments
16th Jun 2010 06:41
Fasion retailer Ted Baker's strong brand and distinctive product ranges appear to have lost none of their niche appeal. Neither does a share price of 510p, or 13 times earnings, look stretched for a company producing consistent double-digit profit growth, which has £15m of cash on its balance shee
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