Coronavirus impact: 4 May – Hargreaves gets a break and plenty of chocolate waffle
The start of the week brought relatively little company specific news as US-China tensions dominated the headlines, however, we are somewhat disappointed by a distinct lack of information from a highly-rated chocolate maker!
Hargreaves: significant development newsHargreaves Services (LON: HSP), a diversified industrial services group with substantial untapped property potential, has announced the exchange of a major commercial property development contract. Hargreaves Land, the group's property development business, has exchanged contracts for the sale of a 79 acre plot to a national retailer for the development of a 75,000 square metre national distribution centre and training facility. The sale will realise approximately £25m of revenue for the joint venture in which Hargreaves has an interest. This is a significant deal for a business which has generated losses for the last few years and…