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Hargreaves Services PLC on Wednesday announced that Chief Executive Officer Gordon Banham intends to step down from his role after over 20 years as CEO, as the company announced higher profit, revenue and a chunkier dividend. Hargreaves Services shares rose 9.0% to 730.00 pence each on Wednesday afternoon in London. The Durham, England-based industrial services company focused on the environmental, infrastructure and property sectors said pretax surged to £14.3 million in the six months to November 30, from £5.3 million a year ago. Revenue jumped 46% to £183.1 million from £125.3 million. The company announced a 5.4% rise in its interim dividend to 19.5 pence from 18.5p a year prior. Hargreaves Services announced that Banham intends to step down from his role at the end of July, after over 20 years at the helm. The company is promoting Chief Operating Officer Simon Hicks to the role of CEO from August 1. Outgoing CEO Banham will continue to hold executive responsibility for the HRMS joint venture and will continue to lead on the zinc recycling plant investment, Hargreaves Services said. HRMS stands for Hargreaves Raw Materials Services GmbH, a German joint venture. Outgoing CEO Banham said: ‘The Services business continues to grow sustainably into our target markets of Connectivity, Clean Energy and Environmental Services. The market opportunity is significant and our model of delivering excellent service from our highly experienced and skilled workforce to high-quality clients through risk managed contracts gives the board confidence in the future direction of the business without bringing undue risk into the operation.’ Looking ahead, he said: ‘I continue to be confident and optimistic about the value creation potential within the group and I firmly believe there are substantial opportunities to optimise and realise further value for shareholders in the coming years.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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