Young and Co's Brewery 24/05/2012
Pub giant Young and Co’s Brewery (YNGA) delivered a pre-tax profit of 17% amid restructuring, shedding assets and acquisitions.
Hargreaves Services
ADDResources logistics supplier Hargreaves Services (HSP) says its Tower colliery project in South Wales has won planning permission after long delays. The AIM-quoted company, steered by chief executive officer Gordon Banham, indicates it expects to start production 'shortly', after satisfying the final conditions imposed by Rhondda Cynon Taf Borough Council.
Durham-based Hargreaves says it has entered into 'contractual discussions' with Tower Regeneration and Tower Colliery about taking on responsibility for operating the site. The compay stresses any such contract would be a 'cost-plus arrangement'.
Hargreaves shares have traded between £10.76p and 665p over the past year. Highlighted by Growth Company Investor at 915p in February, they now trade at 1035p and could make further progress.
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Market cap: £274m
PE Forecast: 9
Share price: £10.35p
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