LONDON (Alliance News) - Business recovery and property services company Begbies Traynor Group PLC said trading in the first quarter has been in line with its expectations and said it is well-positioned for the rest of the year.
The company said trading in the first quarter to the end of July was ahead year-on-year, boosted by the Eddisons property consultancy it acquired last year and by lower costs in its insolvency business.
"Overall, the group remains well placed to continue to take advantage of opportunities to develop and enhance the business both organically and through selective acquisitions," said Ric Traynor, Begbies' executive chairman.
Shares in Begbies were untraded early Wednesday, having last traded at 41.90 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Begbies (BEG)