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Pin to quick picksBegbies Share News (BEG)

Share Price Information for Begbies (BEG)

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Share Price: 104.50
Bid: 103.50
Ask: 105.00
Change: 2.00 (1.95%)
Spread: 1.50 (1.449%)
Open: 103.75
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Low: 103.00
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TRADING UPDATES: CT Automotive achieves record annual revenue

Thu, 19th May 2022 17:45

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

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CT Automotive Group PLC - Portsmouth, England-based maker of custom interiors for cars - For 2021, pretax loss narrows at USD7.4 million from USD9.7 million the year before, on revenue which grows 21% year-on-year to a record USD132.9 million from USD109.9 million, mainly through a recovery in global vehicle production in the first half, more than offsetting the bite from the semiconductor shortage in the second half, leading to a considerable slowdown in trading. Recommends no dividend for 2021. Looking ahead, remains confident of meeting expectations for 2022, with new business wins and a new plant being set up in Puebla, Mexico.

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Rotala PLC - bus operations at Heathrow airport and in West Midlands and North West - As at November 30, passenger numbers stand at between 80% and 85% of pre-Covid-19 levels, where they have remained in the current financial year to date. Expects passenger numbers to continue steady growth for the remainder of year. Continues to trade in line with budget, and for the year ending November 30, keeps guidance of breakeven result at normalised pretax profit.

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abrdn Equity Income Trust PLC - London-based trust investing in UK quoted companies of all sizes - For the six months ended March 31, net asset value total return is at 2.5%, underperforming against the FTSE All-Share Index, which returned 4.7%. As at March 31, net asset value per share dips 0.4% to 379.16 pence from 380.84p at the end of September.

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Begbies Traynor Group PLC - Manchester-based corporate rescue and recovery practice - For the year ended April 30, performance set to be ahead of market expectations and year before. Revenue on-track to to rise 30% to GBP109.5 million from GBP83.8 million the year before., while adjusted pretax profit on-track to rise 55% to GBP17.8 million from GBP11.5 million. Over the year, corporate insolvencies increase 50% to 16,648 from 11,134.

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Ecofin Global Utilities & Infrastructure Trust PLC - utility and infrastructure equity investment - For the six months ended March 31, net asset value total return is 13.7%, compared to the MSCI World Index which return 4.9%. Net asset value per share at March 31 increased 12% to 217.97p vs 195.11p at the end of September.

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Portmeirion Group PLC - Stoke-on-Trent, England-based pottery company - Sales in first four months of 2022 increase 2% against same period in 2021. Gross margins improve, however notes "significant change" to consumer sentiment and spending since last year. "So far we have successfully mitigated these challenges by forward-ordering stock and having long term energy contracts in place until March 2024. However, with a traditional heavy second half sales weighting, we remain cautious and watchful as to how macro conditions develop as the year progresses," firm says.

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Dialight PLC - London-based industrial LED lighting - Trades well in first four months of 2022 strong strong revenue growth combining volume and price, while order intake remained strong , as order books stay at elevated levels. Expectations for the year remain unchanged, however company remains mindful of ongoing supply chain issues.

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Idox PLC - Reading, England-based supplier of information management software for public and 'asset intensive' sectors - Reports robust performance in line with management expectations for the six months ended April 30, with revenue up 7% at GBP33 million, and adjusted earnings before interest, taxes, depreciation and amortisation up 8% at GBP11 million. Order intake is up 7% year-on-year.

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Headlam Group PLC - Birmingham-based floor coverings distributor - In the first four months of 2022, revenue in the first quarter was in line with plan, but performance is weaker in April due to overall softening in the residential sector and a delay in certain orders. Noted recovery in commercial sector from Covid-affected 2020 and 2021, while overall profit performance is above 2021, with strong margins continuing into 2022.

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Getech Group PLC - Leeds, England-based green hydrogen company - For 2021, pretax loss widens to GBP1.9 million from GBP1.6 million the year before due to higher costs, more than offsetting 20% year-on-year growth in revenue to GBP4.3 million from GBP3.6 million as a result of increased product sales. Company's orderbook grows 25% to GBP3.3 million at the end of December from GBP2.7 million. Looking ahead, sets target to establish at least 500 megawatts of new geoenergy and green hydrogen assets by 2030.

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Verici Dx PLC - Tennessee-based developer of clinical diagnostics for organ transplants - For 2021, pretax loss widens to USD8.3 million from USD4.7 million the year before, mainly due to a leap in administrative expenses from research & development and professional costs, as it continues to run tests and studies for its product portfolio.

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Bank of Cyprus Holdings PLC - Strovolos, Cyprus-headquartered financial services firm - For the first quarter of 2022, post total income of EUR146 million, up 7% from EUR136 million the same period a year before, leading to pretax profit of EUR33 million, a 76% lift from EUR19 million as a result of narrowed credit losses and higher income.

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Prospex Energy PLC - exploration investment company with core investments in Spain and Italy - For 2021, pretax profit stands at GBP2.3 million from a loss of GBP1.8 million the year before, mostly due to a gain on the revaluation if investments at GBP3.1 million, more than offsetting a widened loss at GBP805,072 from GBP725,050. Looking ahead, expects Selva to start production in the second quarter of 2023, while application progress starts for multi-well drilling at El Romeral, also expected for 2023.

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Atalaya Mining PLC - Cyprus-based copper producer - For the first quarter of 2022, earnings before interest, tax, depreciation and amortisation drops 44% to EUR26.7 million from EUR47.4 million the same period a year prior, on revenue which declines 11% to EUR86.2 million from EUR97.4 million. Copper production drops 18% to 11,461 tonnes, although average realised copper price increases 22% to USD4.42 per pound from USD3.62. Looking ahead, maintains 2022 guidance of 54,000 to 56,000 tonnes of copper output.

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Pharos Energy PLC - oil and gas exploration, development and production in Egypt, Vietnam and Israel - For the first four months of 2022, average working interest output stands at net 8,291 barrels of oil equivalent per day. Revenue was USD89 million. Looking ahead, for 2022 guides for Egypt output between 1,350 - 1,800 barrels per day, and for Vietnam 5,000 - 6,000 bopd.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 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:

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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.

Read more

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