Begbies Share News (BEG)

Begbies Traynor Red Flag Report finds increased critical distress

(Alliance News) - Business recovery company Begbies Traynor Group PLC on Friday said its latest Red Flag Report showed an increase in the number of businesses facing "critical distress" in the second quarter, while those facing "significant distress" remained flat on the previous quarter.

LONDON BROKER RATINGS: RBC resumes National Express at 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

IN BRIEF: Begbies Traynor buys finance broker Mantra Capital

Begbies Traynor Group PLC - Manchester-based business recovery, financial advisory and property services consultancy - Buys Axiom Consulting & Investments Ltd and Ellayaan Ltd, together traded as the London-based property finance brokerage Mantra Capital, for GBP4.5 million. The initial consideration consists of GBP4.0 million in cash and the issue of 352,361 shares. Begbies says the acquisition is expected to be "immediately earnings enhancing", with a potential earnout of up to a further GBP13.5 million over the four years post completion, subject to delivering profit growth.

Begbies Traynor to acquire London-based brokerage Mantra Capital

(Sharecast News) - Corporate restructuring specialist Begbies Traynor has agreed to acquire London-based property finance brokerage Mantra Capital and its Axiom Consulting & Investments and Ellayaan subsidiaries.

IN BRIEF: Begbies Traynor "comfortably" ahead of original expectations

Begbies Traynor Group PLC - Manchester-based business recovery, financial advisory and property services consultancy - Says "strong" annual performance was "comfortably ahead of original expectations".

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Begbies Traynor completes acquisition of Budworth Hardcastle

Begbies Traynor Group PLC - Manchester-based business recovery, financial advisory and property services consultancy - Completes acquisition of Budworth Hardcastle Ltd, a firm of chartered surveyors based in multiple locations across the England. In its financial year ended August 31, Budworth generated revenue of GBP1.8 million and pre-tax profits of GBP400,000. Trading has been maintained at these levels in the current financial year to date.

Begbies Traynor acquires chartered surveyors Budworth Hardcastle

(Sharecast News) - Corporate restructuring specialist Begbies Traynor has acquired chartered surveyors Budworth Hardcastle as part of a deal that values the firm at as much as £2.4m.

ShoreCap reiterates 'positive view' on Begbies Traynor

(Sharecast News) - ShoreCap analyst Vivek Raja reiterated his "positive view" on shares of Begbies Traynor following equally positive press coverage of the business recovery specialist at the weekend.

TRADING UPDATES: CT Automotive achieves record annual revenue

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Begbies says more UK companies in financial distress

Begbies Traynor Group PLC - Manchester-based corporate rescue and recovery practice - Reports more companies in financial distress in the first quarter of 2022 than a year ago. Companies saying they are in distress rise by 19% over a year ago, driven by a 51% increase in the construction sector and 42% rise among bars and restaurants.

Sunday share tips: Cambridge Cognition Holdings, FRP

(Sharecast News) - The Sunday Times's Lucy Tobin tipped shares of neuroscience outfit Cambridge Cognition Holdings to readers.

TRADING UPDATES: BiVictriX expands development; Okyo wins US patent

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Begbies Traynor trading in line, administrations still lower

(Sharecast News) - Business recovery, financial advisory and property services company Begbies Traynor Group said in an update on Wednesday that trading performance in the third quarter was "broadly in line" with the first half.

Canaccord Genuity slightly lowers target price on Begbies Traynor

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on corporate restructuring specialists Begbies Traynor from 163.0p to 138.0p on Wednesday to better reflect current market conditions.