LONDON MARKET CLOSE: Markets buoyed by US inflation reading
13th Dec 2022 17:01
(Alliance News) - Stocks in London closed higher on Tuesday as a cooler than expected US inflation reading boosted investor sentiment. Read More
(Alliance News) - Stocks in London closed higher on Tuesday as a cooler than expected US inflation reading boosted investor sentiment. Read More
(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. Read More
(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
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. Read More
(Alliance News) - Business recovery company Begbies Traynor Group PLC on Friday said its latest Red Flag Report showed an increase in the number of businesses facing "critical distress" in the second quarter, while those facing "significant distress" remained flat on the previous quarter. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday: Read More
Begbies Traynor Group PLC - Manchester-based business recovery, financial advisory and property services consultancy - Buys Axiom Consulting & Investments Ltd and Ellayaan Ltd, together traded as the London-based property finance brokerage Mantra Capital, for GBP4.5 million. The initial consideration consists of GBP4.0 million in cash and the issue of 352,361 shares. Begbies says the acquisition is expected to be "immediately earnings enhancing", with a potential earnout of up to a further GBP13.5 million over the four years post completion, subject to delivering profit growth. Read More
(Alliance News) - A UK government led by Rishi Sunak will be good news for pharmaceutical firms, while Liz Truss could lift retail share prices with her plan to cut personal income taxes, analysts at Brewin Dolphin said on Thursday, after the race to Number 10 was whittled down to two. Read More
Begbies Traynor Group PLC - Manchester-based business recovery, financial advisory and property services consultancy - Says "strong" annual performance was "comfortably ahead of original expectations". Read More
Begbies Traynor Group PLC - Manchester-based business recovery, financial advisory and property services consultancy - Completes acquisition of Budworth Hardcastle Ltd, a firm of chartered surveyors based in multiple locations across the England. In its financial year ended August 31, Budworth generated revenue of GBP1.8 million and pre-tax profits of GBP400,000. Trading has been maintained at these levels in the current financial year to date. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Begbies Traynor Group PLC - Manchester-based corporate rescue and recovery practice - Reports more companies in financial distress in the first quarter of 2022 than a year ago. Companies saying they are in distress rise by 19% over a year ago, driven by a 51% increase in the construction sector and 42% rise among bars and restaurants. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Creditors head to court as UK businesses struggle with debts - report Read More
IN BRIEF: Begbies Traynor acquires Daniells Harrison Surveyors Read More
TRADING UPDATES: Cohort interim loss widens, Yourgene loss narrows Read More
TRADING UPDATES: Henry Boot wins York deal; Sativa and Superdrug team Read More