StockMarketWire.com - Begbies Traynor has seen an improvement in activity levels in its insolvency business in the third quarter and its expectations for the year as a whole remain unchanged.

The group said the improvement in activity levels in the insolvency business were anticipated at the time of the half year results which it reported in December.

An update said: "This leaves us well placed for a strong last quarter albeit our work in progress in both the insolvency and property services businesses includes a number of engagements with fees contingent upon completion prior to the year end.

"The insolvency market has continued to show signs of stability, albeit at historically lower levels of activity, with an estimated 14,706 company insolvencies in England & Wales for the year ended 31 December 2016 compared to 14,657 in 2015."

Executive chairman Ric Traynor said: "Overall, we are encouraged to see some market stability and the increased activity levels typical of the busier winter months for insolvency, complemented by the benefit of our investment in property services.

"We continue to look for opportunities to develop the Group both organically and through selective acquisitions."




At 8:18am: [LON:BEG] Begbies Traynor Group PLC share price was +0.5p at 50p



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