AIM-listed Begbies Traynor said on Tuesday that third-quarter trading was in line its expectations, as it announced the acquisition of Springboard Corporate Finance.
AIM-listed Begbies Traynor has announced the acquisition of Fyrebrand Limited, which trades as CJM Asset Management, for an initial consideration of £250,000, in a deal that is expected to be earnings-enhancing in the group's current financial year and after any additional consideration is paid.
The UK's independent business recovery, financial advisory and property services consultancy firm, Begbies Traynor Group, says it will announce its half-year results for the six months ended 31 October 2017 on Tuesday, 12 December.
The number of UK companies showing signs of significant distress rose to its highest level for at least five years, insolvency experts said on Monday.
Shares in business services consultancy Begbies Traynor slumped even as the company swung to a full year pre-tax profit of £0.6m from a loss of £0.7m as revenues rose to £50.1m from £45.4m, although lower insolvency rates impacted on both figures.
Property services group Begbies Traynor said it had bought Pugh Auction Group for £2m in cash.
Ashtead Group's positive results has prompted The Telegraph's Questor to recommend holding on to the company's stock.
The chairman of Glencore snapped up 100,000 shares yesterday as the troubled miner and commodities trader told creditors that fears about its potential demise were overblown. Tony Hayward, the former head of BP and the latest in a succession of directors and executives to make a public display of confidence in Glencore's future, spent £91,000 of his own cash. - The Times
It's time to give up the stamp collection, according to The Telegraph's Questor.
Begbies Traynor has acquired Broadbents Business Recovery Services, a Yorkshire-based insolvency practice, for an initial consideration price of £0.2m.
Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation.
It was an in-line set of full-year results for Begbies Traynor, which posted a rise in profit despite seeing revenues slip, hit by a 9% year-on-year reduction in the number of corporate insolvencies.
Insolvency specialist Begbies Traynor has bought the trade and assets of London-based corporate insolvency group Ian Franses Associates for up to £2m.
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation.
Business recovery and insolvency specialist Begbies Traynor has acquired a Manchester rival with a powerful online presence.