Begbies Traynor bosses expect rising insolvencies in the coming months July 19, 2022 Begbies Traynor’s revenue has jumped more than a third over the past year, as the business recovery and financial advisory firm scoops up ailing firms. Executive chairman of the London-listed group, also a property services consultancy, said a string a acquisitions and a spike in trading has lifted its financials “comfortably ahead of original market [...]
Begbies Traynor shares nudge after snapping up Midlands chartered surveyor Hardcastle June 27, 2022 Financial advisory firm Begbies Traynor has snapped up Midlands chartered surveyor Budworth Hardcastle in a deal worth up to £2.4m. The Manchester-based restructuring specialist saw shares nudge higher after it confirmed the deal on Monday morning. Budworth Hardcastle will be integrated into the group’s property division, Eddisons, once the deal is completed. Begbies Traynor said [...]
Restructuring specialist Begbies Traynor says results will be ‘comfortably’ ahead of expectations May 19, 2022 Corporate restructuring specialist Begbies Traynor has said it expects its upcoming financial year results will be “comfortably ahead of market expectations” and “significantly” on last year. The Manchester headquartered firm said it expects its revenues will increase 30 per cent to £109.5m and its adjusted pre-tax profits will increase 55 per cent to £17.8m, compared [...]
National Express believes Stagecoach offer was ‘compelling’ as results improve March 10, 2022 Mobility giant National Express said its £445m takeover proposal made to Stagecoach was ‘compelling’ after Stagecoach snubbed it in favour of asset manager DWS. “We continue to believe that we made a compelling offer for Stagecoach, providing both sets of shareholders with the opportunity to share in the significant value created from both the material [...]
Government halves insolvency payouts to workers in 2021 February 21, 2022 The government halved pay outs to workers whose employers went bust last year, as Covid-19 support measures helped stave off insolvencies.
Take off: Tui revenue jumps 400 per cent as travel restrictions ease February 8, 2022 In a sign the travel industry is making a post-pandemic comeback Tui revenues have climbed by 406 per cent in the first quarter of 2022.
Businesses brace for insolvency storm as Covid aid winds down January 28, 2022 Over half a million UK businesses are struggling financially amid soaring inflation and the rollback of government Covid-19 support.
‘Zombie clubs’ on rise as Covid doubles football teams in distress December 22, 2021 Football finance experts have warned of a rise in “zombie clubs” as a result of Covid-19 restrictions slashing teams’ income. The number of English clubs in financial distress doubled from 17 to 34 in the six months after stadiums closed in March 2020, a new report by insolvency firm Begbies Traynor found. Derby County and [...]
Begbies Traynor warns of insolvency wave as revenue jumps 39 per cent December 14, 2021 Insolvency expert Begbies Traynor has reported strong financials for the first half of the year with revenue and profits on the rise.
Betting boom: Gambling giant 888 UK revenues surge over 50 per cent September 1, 2021 Online gambling giant 888 has enjoyed an upbeat first half of the year as its total revenue has jumped 39 per cent, hinting that the lockdown betting boom is here to stay. The company pulled in $528.4m in the six months to 30 June, up from $379.1m in the first half of 2020 – carried [...]