Harworth Targets GBP7.4 Million Annualized Savings by FY28; Reiterates Peel Bid Rejection

03:34 AM EDT, 09/15/2026 (MT Newswires) -- Harworth Group (HWG.L) said Tuesday that it is targeting annualized run-rate cost savings of at least 7.4 million pounds sterling by 2028 as it aligns its operating model with a pure-play powered land and industrial and logistics business. The London-listed property developer said it has already realized 1.3 million pounds of the targeted savings through a headcount reduction program, with 6.9 million pounds of annualized savings expected by the end of 2027. Harworth also reiterated its rejection of Peel Holdings Group's takeover offer, citing the bid's valuation as fundamentally undervaluing the company and its prospects.