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Hargreaves Services says trading in line amid Wolf Minerals collapse

By BFN News | 02:27 PM | Tuesday 30 October, 2018


Industrial and property-sector services provider Hargreaves Services said it was trading in line with revised expectations. Its update, ahead of its annual general meeting, came after customer Wolf Minerals went into administration. 'The board is pleased to announce that trading is in line with revised expectations following the announcement that one of its customers, Wolf Minerals, has ceased trading and the completion of the sale of Brockwell Energy,' chairman Roger McDowell said. Net funds of £15m received from the sale of Brockwell would be used to reduce short-term overdraft borrowings, McDowell said. At 2:27pm: (LON:HSP) Hargreaves Services PLC share price was +16.5p at 338.5p Story provided by StockMarketWire.com

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