|Bid||85.00 x 0|
|Ask||85.60 x 0|
|Day's range||82.88 - 89.90|
|52-week range||0.63 - 117.00|
|Beta (5Y monthly)||0.06|
|PE ratio (TTM)||124.00|
|Earnings date||21 Jul 2020|
|Forward dividend & yield||0.03 (3.18%)|
|Ex-dividend date||08 Oct 2020|
|1y target est||85.50|
(Bloomberg) -- British firms fell into distress at the fastest pace in three years between July and September with measures to contain the coronavirus pandemic impacting the hospitality and retail sectors the hardest.About 30,000 more businesses are now struggling to meet their debt obligations, taking the total to 557,000, according to a survey of U.K. companies by insolvency specialist Begbies Traynor. That’s a 6% increase since June, and a 9% rise since the end of the first quarter.More than 1,700 bars and restaurants and almost 3,000 retailers had a minor debt ruling against them or saw a deterioration in key financial indicators since March, according to the report. The number could rise even more rapidly as courts start to operate normally and the government gradually withdraws support measures.About 1.8 million people worked for small and medium-sized enterprises which were in distress at the end of September, according to Begbies Traynor.“The recently launched, reduced version of the furlough scheme and the end to government guaranteed loans will serve to give many businesses a brutal reality check,” said Ric Traynor, executive chairman at Begbies Traynor. “Lack of profitability and accumulated debt will catch up with them once the subsidies end and they face the harsh realities of the challenging economic environment.”A separate report published by the U.K.’s Office for National Statistics on Thursday found that 4% of companies surveyed have no cash reserves and another 39% have cash buffers only for the next six months. Nearly half of the companies reported a drop in revenues compared with normal trading levels at this time of the year, the survey shows.(Adds data for SMEs in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Demand for British retail and office space contracted sharply during the third quarter and the outlook for the year ahead has worsened as working and shopping patterns change during the COVID-19 pandemic, a survey showed on Thursday. The Royal Institution of Chartered Surveyors said 78% of chartered surveyors viewed the commercial property market as being in a downturn, up a little from 76% in the second quarter. While there were clear signs of a pick-up in the industrial sites such as warehouses for online stores, there was little cheer from the office and retail sectors which saw another sharp fall in demand - albeit less severe than in the second quarter.
Begbies Traynor Group plc (LON:BEG) is about to trade ex-dividend in the next three days. Investors can purchase...