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Hargreaves Services plc – Let it snow!

14/12/2015 · Hargreaves Services (HSP) 

Hargreaves Services plc, a supplier of solid fuels and bulk material logistics have today said that the deterioration in the coal and steel markets will, unsurprisingly, further impact trading and outlook in all three divisions.

?Scottish production will reduce to c500,000 tonnes per annum and in conjunction with these revised plans the Group is investing in new and self-professed enhanced coal processing facilities which will reduce, to a minimum, production exposure to loss-making thermal coal. The capital investment required to deliver that capability will be around £1m. The Group will incur additional charges of £1.1m in this financial year to deliver the revised and reduced mining plan.

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