3 May 2022 - trading update

The AIM-listed diversified industrial group has issued another positive trading update due to the success of its German commodity trading business Hargreaves Raw Material Services GmbH.  As reported previously, this joint venture business trades in commodities and the strength of the markets for both pig iron and zinc which have led to much higher prices for each commodity will mean that trading profits will be much greater than expectations.  The impact on the financial year to 31 May 2022 is such that profits for the year are likely to be £5m ahead of previous . . .

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