Broker snap: Begbies hit by low insolvency levels
22nd Dec 2010 13:11
Broker finnCap has cut its forecasts for Begbies Traynor as the broker says conditions remain challenging for the financial adviser and insolvency practitioner. Begbies said in its interims that revenues were down 9% to £27m on the previous year, and profits declined 26% to £6.4m, reflecting fixed
Read moreSmall caps round-up: Amerisur Resources, Laura Ashley, Begbies...
16th Dec 2010 13:13
South America focused Amerisur Resources made a $1m profit in the six months ended 30 September compared with a $1.1m loss the year before. "Post period end, the extremely adverse weather conditions have led to a delay in the 3D3C seismic programme at Platanillo, however we still remain on track
Read moreTuesday tips round-up: BP, Vodafone, Begbies Traynor
7th Dec 2010 06:44
Shares in BP are not far short of having recovered half the fall brought about by the Deepwater Horizon tragedy. There is a growing optimism, both within the company and on the stock market, that the damage from the disaster may not be as bad as had been feared. Some of the $20bn fund ring-fenced
Read moreLondon close: Footsie advances as takeover activity excites
6th Dec 2010 16:56
Shares closed with decent gains as bid activity and higher oil prices whetted investor appetites. There has been no shortage of takeover news to keep traders occupied on an otherwise fairly quiet day. FTSE 250-listed De La Rue was the star performer. The banknote printer enjoyed a second wind Mond
Read moreLondon afternoon: Oil stocks give a lift
6th Dec 2010 14:24
Leading shares are mixed but the Footsie is clinging on to positive territory, largely on the strength of oil stocks, which advance as the price of crude oil moves to levels not seen in more than two years. There has been no shortage of takeover news to keep traders occupied on an otherwise fairly
Read moreBegbies disappoints as corporate failures decline
6th Dec 2010 13:23
A lack of insolvencies means that first half underlying profit will be £700,000 lower for Begbies Traynor. The number of insolvencies ahs been declining. Banks appear to be holding off from placing companies in administration or other insolvency measures - they are probably waiting for the economy
Read more50,000 firms at risk from spending review
13th Oct 2010 07:54
More than 50,000 firms could be at risk from the government's spending plans according to the latest study by insolvency group Begbies Traynor. The group's latest Red Flag Alert, which looks for early signs of companies in troubles, highlighted 50,299 already experiencing financial distress in cons
Read moreUK SMALLCAP ROUNDUP: Diploma Earnings To Beat Market Views
8th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps DIPLOMA PLC (DPLM.LN), a supplier of technical products like hydraulic seals and wiring for control systems, Thursday said it expects fiscal-year earning
Read moreUK SMALLCAP ROUNDUP: Connaught's CEO, Finance Director Resign
8th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CONNAUGHT PLC (CNT.LN), a U.K. support services firm, Thursday said its chief executive and finance director have resigned from their roles, a week after
Read moreUPDATE: Begbies Traynor Says Insolvency Slowing In Short-term
8th Jul 2010 11:21
(Adds analyst and executive comment, share price) By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. insolvency specialist Begbies Traynor Group PLC (BEG.LN) said Thursday it expects recent acquisitions and its now-profitable tax unit to mitigate a slowdown in demand for
Read moreUK SMALLCAP ROUNDUP: JJB Sports Posts Six-Week Sales Leap
8th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps JJB SPORTS PLC (JJB.LN), a U.K. sportswear retailer, said sales at its stores open more than a year rose 22.3% in the six weeks to July 4, adding a trial
Read moreINTERVIEW: Begbies Traynor Sees Reasonable Volume Of Buys
8th Jul 2010 08:31
By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. insolvency specialist Begbies Traynor Group PLC (BEG.LN) expects to continue to make bolt-on acquisitions in the fiscal 2011, Executive Chairman Ric Traynor said Thursday, adding that the firm already has some insolvency-rela
Read moreBegbies Traynor FY10 Pretax Profit +20%; Ups Final Dividend
8th Jul 2010 07:46
LONDON (Dow Jones)--U.K. insolvency specialist Begbies Traynor Group PLC (BEG.LN) Thursday reported a 20% rise in fiscal year pretax profit following high levels of insolvency activity during the year and its tax unit returning to profitability in the second half. Executive Chairman Ric Traynor
Read moreUK SMALLCAP ROUNDUP: Plant Health Care Down On Profit Warning
16th Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PLANT HEALTH CARE PLC (PHC.LN), a crop technology company, Wednesday said it cut its pretax profit forecast for the year after sales of its Harpin produc
Read moreUK SMALLCAP ROUNDUP: Coal of Africa To Raise GBP55M
16th Jun 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps COAL OF AFRICA LTD (CZA.LN), an exploration company, said Wednesday it plans to raise up to GBP55 million through placing up to 50 million new shares, re
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