Begbies Traynor boosted by update

The price of shares in AIM-listed consultancy Begbies Traynor (LON:BEG) has risen by 2.44% to 105p (as of 11:20 GMT) after posting a trading update for the quarter ended 31st January. Management said that the company was performing at least as well as expected and are confident in meeting full year forecasts.

Executive Chairman Ric Traynor commented: “The group continues to perform well which gives us confidence in delivering results at least in line with expectations for the current year. With the benefit of recent acquisitions and other organic growth initiatives the group is also well positioned to deliver the anticipated material growth in earnings in the 2021-22 financial year“.