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Birmingham Post
Birmingham Post
Business
Tom Keighley

Hargreaves Services expects strong half year results across all divisions

County Durham's Hargreaves Services plc says its on track to deliver revenue and profit growth in upcoming half yearly results to the end of November.

The multi-services business, which includes environmental, industrial and property activities, said it had seen improvements across each of its three divisions, including its German raw material sourcing joint venture. An update to the London Stock Exchange detailed how Hargreaves has benefited from a sizeable HS2 contract that includes earth moving works.

Across its services division, the group said 50 contracts - most containing cost increase-proofing clauses - provided resilience and reliable profit streams in the face of what it called "current economic uncertainty". It also pointed to underlying contracts performing well.

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