Begbies Share News (BEG)

Begbies Traynor Shares Drop 13% After It Gives Results Warning

UK businesses in financial distress falling - report

LONDON, July 15 (Reuters) - Levels of serious financial distress among British businesses fell by 39 percent in the second quarter of 2013 compared to the same period a year ago, according to a report by British restructuring specialist Begbies Traynor. The number of British businesses expe

Begbies Traynor Group reports fall in pre-tax profit

UK business recovery practice, Begbies Traynor Group, reported a drop in annual pre-tax profits as the number of corporate insolvency appointments declined by 10 per cent. Pre-tax profit for the year ended April 30th came to £2.4m, down from last year's £5.5m, as revenue fell to £51.1m from £57.7m.

STOCKS NEWS EUROPE-UK small caps close up 0.3 pct, lagging FTSE

UK small caps close 0.3 percent higher, lagging the blue chips and the midcaps, both up 0.6 percent. Begbies Traynor advances 8.5 percent after the business recovery practice issues a trading update, with the company maintaining its year guidance. Structural steelwork maker Severfield

Begbies Traynor reports sustainable levels of profitability in Q3

Shares in AIM-listed Begbies Traynor Group rose after the group reported that profits from continuing expectations for the quarter ending January 31st were 'in line with the board's expectations'. The company, which provides business recovery practise services, reported that group profit from conti

Begbies Traynor hit by less insolvencies

AIM-listed insolvency consultancy Begbies Traynor said revenues for the half year were hurt by a subdued summer insolvency market. Adjusted pre-tax profit fell to £3.2m for the six months ended October 31st 2012 from £4.1m the year before. Revenue for the period fell to £26.1m from £29.4m previousl

Tuesday newspaper round-up: BAE, Lloyds, Russia

Pressure on senior BAE Systems board members hardened last night after it emerged that shareholders representing almost a fifth of the company had called for high-profile scalps. In a letter to the board, Invesco Perpetual, the biggest shareholder with 13 per cent and the principal critic of the fai

Begbies Traynor sounds red alert on corporate UK

Bigger companies and those based in the south of Britain are faring better than their smaller, northern rivals, according to the latest 'Red Flag Alert Report' from Begbies Traynor Group, the insolvency accountant. The results of the report on the health of corporate UK confirm anecdotal evidence.

London pre-open: Small decline expected in early trading

City sources predict the FTSE 100 will open down eight points from Friday's close of 5,742, tracking declines seen in Asia overnight and in the US at the end of last week. Concerns over Spain look set to persist this week, with investors expected to pour over the findings of the private-sector aud

Begbies Traynor experiences quiet summer

AIM-listed insolvency consultancy Begbies Traynor has said that trading in the second quarter has been quiet, reflecting usual seasonal trade patterns as well as continuing subdued market conditions. In the group's annual general meeting on Monday, Executive Chairman Ric Traynor will announce that

Begbie waves red flag at Chairman

Begbies Traynor, the insolvency consultancy group, is selling its Red Flag Alert credit risk business to its Chairman, Ric Traynor. Traynor, Begbies Traynor's Executive Chairman, has acquired the controlling interest in the Red Flag Alert LLP, with Begbies retaining a minority interest in the partn

Begbies Traynor struggling to cash in on recession

Begbies Traynor, the insolvency practitioners, is seeing weak demand as low finance costs help keep UK companies from going bust. In a trading update on its third quarter ending January 31st, the company says profits are in line with the comparable period of 2010 without providing specific figures

Large rise in UK companies facing critical financial distress

Begbies Traynor's Red Flag Alert, the UK's leading quarterly benchmark of company distress, shows a 24% year-on-year increase of companies facing 'critical' levels of financial distress in the fourth quarter of 2011, compared to the same period in 2010. According to the firm, many key sectors face

Profits up at Begbies Traynor

Insolvency adviser Begbies Traynor said it made solid progress in the six months to the end of October as activity levels remain stable despite signs of wider financial distress. Pre-tax profits rose to £3.4m during the six-month period from £3.1m the same time a year before. Revenues eased to £29.

Begbies shares plunge on profit warning

Insolvency adviser Begbies Traynor slashed its expectations for the year after a poor third quarter for its tax division, causing its shares to plunge on Thursday. The tax division has seen reduced demand for tax planning services and transactional tax services, it said. This has primarily been du