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Birmingham Post
Birmingham Post
Business
Tom Keighley

Hargreaves Services reports strong start to the year despite inflation

Industrial services group Hargreaves Services says it has seen a strong start to the year.

In a short update to investors ahead of its annual general meeting, the £177m turnover company said that all of its three business divisions were trading in line with expectations. And its services business - which includes bulk logistics and environmental land remediation - was singled out as having performed particularly well.

It said controls and favourable contracts had helped it navigate rising energy costs, as well as inflation more broadly. And its success in securing framework and term contracts with blue chip clients provided certainty in the face of current economic turmoil.

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