STOCK WATCH

THE collapse of British Steel has sparked fears for Hargreaves Services, a key supplier for eight years.

It estimates it has around a £4.5m exposure to British Steel, comprising debts and work in progress.

It also employs around 170 people in operations which serve the steelmaker, and could take a £3m hit if it has to make them redundant.

Revenue could fall £11m and profit by £1.3m. Shares fell 13.6pc, or 40p, to 254p.