UPDATE 1-Hargreaves sees FY results in line with market view

* Says to deploy cash flow to accelerate growth

* Says net debt at 69.2 mln stg, below mkt view

* Shares rise 2.5 pct (Adds details)

June 30 (Reuters) - Hargreaves Services Plc (HASE.L), a British energy support services provider, said it expected to report full-year results in line with market estimates and that it was considering opportunities to deploy cash flow to accelerate growth and investments.

The company, in a statement on Tuesday, said while its energy and commodities division in the U.K. was performing ahead of internal expectations, trading volumes remained low in Europe.

Hargreaves said it was confident of its prospects and was looking at opportunities in the coal and renewable fuel trading operations to deploy its operating cash flow.

The company said its net debt as of May 31 stood at 69.2 million pounds ($115.1 million) and was slightly lower than market expectations.

For the year ended May 31, two analysts on average were expecting the company to report pretax profit before amortisation and exceptional items of 28.85 million pounds, while three analysts on average were looking for revenue of 561.53 million pounds, according to Reuters Estimates.

At 0806 GMT, Hargreaves shares were up 2.5 percent at 493.25 pence on the London Stock Exchange. ($1=.6013 Pound) (Reporting by Usman Merchant in Bangalore; Editing by Gopakumar Warrier)