Industrial group Hargreaves Services says it has seen a strong performance in part of its business thanks to HS2 works.
The County Durham-based firm gave a short trading update ahead of full year results, in which it said there had been increased revenues in its services division. There had also been a "better than expected" contribution from its German joint venture HRMS which is a supplier of raw materials and recycled metals, though smaller commodity prices meant a substantial year-on-year reduction.
Some delays in deals - including deferrals of transactions into next year - were pointed to in Hargreaves' land selling operation, which specialises in regeneration of former brownfield sites including ex-mining locations such as the Blindwells site in East Lothian. In January Hargreaves said sales of land from that flagship site had boosted revenue to £8.7m, from £5.9m the year previously.
