21 December 2023 - trading update

The industrial and property group Hargreaves has announced a trading update covering the six months to 30 November.  This presents a rather mixed picture, with strong trading at the Services business, thanks to projects such as HS2, offset by disappointing trading at the German joint venture commodity trading business, HMRS.  Although the latter is expected to have made a loss in the first half of the financial year, it should make a profit over the full year although this is expected to be much less than previously expected.  However, the slowdown in activity has released . . .

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