Begbies Traynor boosted by half-year statement

The share price of AIM-listed Begbies Traynor (LON:BEG) increased by 7.19% to 92.61p (as of 15:42 GMT) after it reported that revenues grew by 10% during the six months ended 31st October. Adjusted pre-tax profits for the period improved by around 25% and the board expect that full-year results will be at least as strong as current market expectations.

Executive Chairman Ric Traynor commented: “I am pleased to report a continuing strong financial performance in the first six months of the financial year, which is testament to how our teams continue to deliver excellent client service in a challenging environment. We anticipate continuing our recent financial track record of growth for the year as a whole, ensuring we are well placed to invest in our successful organic and acquisitive growth strategy. Overall, our medium-term outlook remains positive especially once the economy exits this current period of uncertainty.”