WHAT THE OTHER PAPERS SAY THIS MORNING June 7, 2010 FINANCIAL TIMES ROCKHOPPER set for $40m CASh CALL Rockhopper, the first explorer to find oil on the Falkland Islands, is priming a £40m cash call that could be launched this week. The Aim-quoted oil company, one of three small UK wildcat explorers drilling for Falklands oil, has been working with broker Canaccord Adams to sound [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 7, 2010 FINANCIAL TIMES ROCKHOPPER set for $40m CASh CALL Rockhopper, the first explorer to find oil on the Falkland Islands, is priming a £40m cash call that could be launched this week. The Aim-quoted oil company, one of three small UK wildcat explorers drilling for Falklands oil, has been working with broker Canaccord Adams to sound [...]
Insolvencies to peak in 2010 as state props are withdrawn January 18, 2010 THE rate of corporate failures will accelerate in the second half of 2010 as government stimulus measures are unwound, insolvency specialist Begbies Traynor warned yesterday. The firm said 140,000 British companies suffered significant financial problems in the fourth quarter despite measures such as quantitative easing and the 2.5 per cent VAT cut. Begbies Traynor executive [...]
Red Flag opens to the public December 7, 2009 Begbies Traynor, the insolvency and recovery specialist, will launch its Red Flag Alert system as a commercial tool to allow companies to measure the financial health of their customers and competitors. Until now, Red Flag Alert has been used internally by Begbies and for media houses to assess the corporate landscape in the UK. It [...]
CITY MOVES | WHO’S SWITCHING JOBS January 26, 2010 PricewaterhouseCoopers Dr Paul Robertson has joined the accountancy giant to lead the crisis management part of its risk and business continuity management services division. A past winner of the CIR Business Continuity Management Consultant of the Year award, Robertson is a regular speaker at industry events. He has spent the past 13 years working as [...]
Begbies Traynor shares rise as profits grow on the back of bankruptcy boom July 9, 2009 INSOLVENCY specialist Begbies Traynor said yesterday that its full year pre-tax profit had risen 28 per cent as it benefited from the boom in businesses going bust, sending its shares higher. The accountancy firm reported a profit of £7.2m for the year to 30 April, and said that activity levels since are “significantly ahead” of [...]
Retailers facing a tough Xmas October 4, 2009 MANY struggling British retailers will face a bleaker Christmas than they did last year, when 15 major chains failed, according to insolvency specialist Begbies Traynor. Christmas is a crucial trading period for retailers but soaring unemployment and low consumer confidence is expected to result in more firms facing financial difficulty. “Christmas 2009 could see just [...]
Retailers facing a tough Xmas October 4, 2009 MANY struggling British retailers will face a bleaker Christmas than they did last year, when 15 major chains failed, according to insolvency specialist Begbies Traynor. Christmas is a crucial trading period for retailers but soaring unemployment and low consumer confidence is expected to result in more firms facing financial difficulty. “Christmas 2009 could see just [...]
Insolvencies for Q3 are falling October 20, 2009 THE number of companies with significant and critical financial problems has fallen both year-on-year and quarter-on-quarter, figures from the rescue, recovery and restructuring specialists Begbies Traynor showed yesterday. The figures show how HMRC’s Business Payment Support Service, which has seen more than 215,000 companies defer payment of £3.79bn in tax liabilities, are helping, it said. [...]
Begbies enters joint venture October 8, 2009 BEGBIES Traynor yesterday announced a joint venture with a unit of US-based firm Mesirow Financial, to become one of the world’s largest insolvency houses. Begbies Traynor Group (BTG) said that the new practice, BTG Mesirow Financial Consulting, would give it access to new markets and allow it to work on complex cross-border cases. “We have [...]