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Pin to quick picksBegbies Share News (BEG)

Share Price Information for Begbies (BEG)

London Stock Exchange
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Share Price: 108.50
Bid: 106.00
Ask: 108.00
Change: 3.00 (2.84%)
Spread: 2.00 (1.887%)
Open: 106.75
High: 108.50
Low: 106.50
Prev. Close: 105.50
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IN BRIEF: Begbies Traynor to raise funds for David Rubin acquisition

Thu, 11th Mar 2021 17:48

Begbies Traynor Group PLC - Manchester-based corporate restructuring specialist - Agrees to acquire insolvency practice David Rubin & Partners for up to GBP25 million on cash free and debt free basis.

Will pay initial consideration of GBP12 million, funding by shares and deferred consideration is GBP13 million, subject to the business's financial performance over up to five years.

Initial consideration will be satisfied by raising of GBP10 million through vendor placing of 9.5 million shares at a price of 105.50 pence each, and GBP2 million through the issue of 1.9 million shares at a price of 105.10p each.

Begbies is looking to raise GBP22 million through vendor placing and cash placing and PrimaryBid offer of GBP12 million. Details of cash placing to be disclosed at the end of bookbuild run by Canaccord Genuity and Shore Capital.

Proceeds from cash placing will go towards funding an existing pipeline of opportunities and general corporate purposes.

Current stock price: 104.75 pence

Year-to-date change: up 13%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
2 Mar 2023 13:34

Begbies Traynor acquires Sheffield-based surveyor firm

(Sharecast News) - Begbies Traynor announced on Thursday that its property advisory and transactional services division Eddisons has expanded its operations in Sheffield through the acquisition of Mark Jenkinson & Son, a chartered surveyor firm specialising in property auctions.

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27 Feb 2023 14:51

TRADING UPDATES: Begbies Traynor backs outlook; Elixirr revenue jumps

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

Read more
27 Feb 2023 09:15

Begbies Traynor on track to meet full-year expectations

(Sharecast News) - Begbies Traynor said on Monday that it was on track to meet market expectations for the year after its third-quarter performance was in line with the first half.

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31 Jan 2023 14:09

Britain's Tesco buys Paperchase stationery brand

Tesco not buying Paperchase stores

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Read more
30 Jan 2023 08:49

Rising interest rates have a sting in the tail for Europe's banks

LONDON/FRANKFURT, Jan 27 (Reuters) - Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail.

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27 Jan 2023 07:00

Rising interest rates have a sting in the tail for Europe's banks

LONDON/FRANKFURT, Jan 27 (Reuters) - Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail.

Read more
24 Jan 2023 14:38

UK firms facing "combination" of woes heading into 2023 - Begbies

(Alliance News) - The number of UK businesses in financial distress has picked up, as legacy Covid debt, rampant inflation and tumbling consumer confidence puts companies closer to collapse, according to a report on Tuesday.

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13 Dec 2022 17:01

LONDON MARKET CLOSE: Markets buoyed by US inflation reading

(Alliance News) - Stocks in London closed higher on Tuesday as a cooler than expected US inflation reading boosted investor sentiment.

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13 Dec 2022 14:06

Begbies Traynor half-year profit soars as revenue grows significantly

(Alliance News) - Begbies Traynor Group PLC on Tuesday said half-year profit soared as revenue also grew by double-digits in both of its divisions, while it declared an increased interim dividend to shareholders.

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13 Dec 2022 13:19

Begbies Traynor lifts dividend after 'strong' first half

(Sharecast News) - Business recovery, financial advisory and property consultancy Begbies Traynor reported a "strong" first half performance on Tuesday, with double-digit revenue and profit growth in both of its divisions.

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6 Dec 2022 15:51

UK earnings, trading statements calendar - next 7 days

Wednesday 7 December 
Baltic Classifieds Group PLCHalf Year Results
Finsbury Growth & Income Trust PLCFull Year Results
Ixico PLCFull Year Results
Mitchells & Butlers PLCFull Year Results
Moonpig Group PLCHalf Year Results
Monks Investment Trust PLCHalf Year Results
Naked Wines PLCHalf Year Results
Quiz PLCHalf Year Results
Redde Northgate PLCHalf Year Results
SDI Group PLCHalf Year Results
Thursday 8 December 
Balfour Beatty PLCTrading Statement
British American Tobacco PLCTrading Statement
DS Smith PLCHalf Year Results
DWF Group PLCHalf Year Results
Evgen Pharma PLCHalf Year Results
Focusrite PLCFull Year Results
Frasers Group PLCHalf Year Results
Hipgnosis Songs Fund LtdHalf Year Results
Numis Corp PLCFull Year Results
On The Beach Group PLCFull Year Results
Purplebricks Group PLCHalf Year Results
Redcentric PLCHalf Year Results
S&U PLCTrading Statement
SDCL Energy Efficiency Income Trust PLCHalf Year Results
Seraphine Group PLCHalf Year Results
Tern PLCQ3 Results
Friday 9 December 
Anglo American PLCTrading Statement
Associated British Foods PLCTrading Statement
Berkeley Group Holdings PLCHalf Year Results
Diploma PLCFull Year Results
Taylor Maritime Investments LtdHalf Year Results
Monday 12 December 
no events scheduled 
Tuesday 13 December 
Begbies Traynor Group PLCHalf Year Results
Chemring Group PLCFull Year Results
FRP Advisory Group PLCHalf Year Results
Hyve Group PLCFull Year Results
Ocado Group PLCTrading Statement
RWS Holdings PLCFull Year Results
Sosandar PLCHalf Year Results
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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17 Nov 2022 14:50

TRADING UPDATES: Water Intelligence eyes revenue at top end of outlook

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

Read more
17 Nov 2022 13:14

Begbies Traynor describes 'strong' first-half performance

(Sharecast News) - Business recovery, financial advisory and property consultancy Begbies Traynor reported a "strong" first-half financial performance in an update on Thursday, with revenue expected to have increased 12% to £58.5m.

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19 Oct 2022 14:50

IN BRIEF: Begbies Traynor says UK companies in distress grows by 25%

Begbies Traynor Group PLC - Manchester-based corporate rescue and recovery practice - The latest 'Red Flag Alert' report, which is compiled by Begbies Traynor, finds a 25% increase in the number of UK companies in 'critical financial distress' from a year before. The 2,090 of companies in this category in the third quarter of 2022 is up 6.8% from 1,957 in the second quarter. The increase is led by the industry groups Bar & Restaurants, General Retailers, Leisure & Cultural Activities, and Media. Begbies Traynor also finds 610,000 companies in the less-severe 'significant financial distress' category, up 8% on a year before and 4% from the second quarter.

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22 Sep 2022 12:28

Begbies Traynor makes 'good start' to new financial year

(Sharecast News) - Consultancy and business service provider Begbies Traynor said in an update on Thursday that it had made a "good start" to the new financial year.

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