Trading has not gone to plan but Hargreaves Services (LON: HSP) is able to offer an enhanced dividend pay out. The pre-tax profit forecast for the year to May 2023 has been slashed, but the shares remain modestly rated and the yield is more than 8%.
The core services operations are doing better than expected, thanks to HS2 demand, and the land division is likely to make the anticipated contribution. Reduced commodity prices and a slowdown in the German economy have hit the performance of German associate company HRMS, which is expected to make a first half loss. It should make a full year ...
