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Showing 1926 to 1948 of 1950 messages
US Q1 GDP first estimatee below consensus at 0.7% annualised.
|US nearly into recession? Atlanta Fed reduces Q1 GDP forecast again to only 0.2% annualised.
|1st estimate UK Q1 GDP came in under forecast at 0.3%.|
|Corporate insolvencies rose 4.5% in Q1 in England and Wales compared to Q4 2016. They were up 5.3% on a year ago.
Personal insolvencies in England and Wales were up 15.7% y-o-y in Q1 and have now been on a rising trend for 7 quarters. (Scotland up 18%) The personal insolvency trend seems typical of a significant slowdown or early recession and suggests the 3 consecutive rises in corporate insolvencies might be extended further. (Scottish GDP figs reported 0.2% contraction in Q4.)|
|Burger King Q1 US sales -2.2% after +4.2% last year. Popeye's Q1 -0.4% after +1.0% last year. Tim Hortons Canadian sales -0.2% after +5.6% last year.
That's some slowdown in North America.|
|If you check out production tax revenues in the governmnt borrowing report, it has fallen year on year for 3 consecutive months in Q1 after a rising trend since the last recession. UK tax-take suggests recession started in Q1. (Table PSA6B in the pdf file)
|Badly-run company or US consumers short of money?
Bad numbers from Capital One
Also held back by rising provisions
|Guidance at Ryder dropped nearly 20% as deteriorating US car market hits outlook.
Footfall down 5% at US restaurants, Chilli's and Maggiano's
|Yet another class of US loans with significantly rising delinquenices:
|Whitbread posted fairly good results but increasing numbers of outlets and international trading hid some of the weaker UK trends. LfL revenues at Costa turned negative and Premier Inns LfL turned negative outside London.|
|I see CNCT (newpapers, magazines, parcels) describe their markets' conditions as "more challenging" after slightly disappointing interim results.|
|Carpetright always used to be a good barometer of the state of the economy. It used to lead the economy into and out of recessions.
Not sure if it still acts in that way. We will see.|
Storm Rannard Storm Rannard Senior Digital Staff Writer
Restructuring specialist reveals Brexit impact and hails Birmingham’s evolution
24 Apr 2017 Midlands
More companies are seeking advice on turnaround measures following the Brexit vote despite the fact that insolvencies are "at an all-time low", the managing director of Duff & Phelps' Birmingham office has told Insider. Matt Ingram also hailed the investment that the Midlands is attracting, saying big businesses are now giving Birmingham "serious consideration" as a permanent base.
Restructuring specialist Ingram joined Duff & Phelps in 2010, when the global firm initially launched its operation in Birmingham.
"The impact of the vote last summer has really started to flow through since the start of 2017," he told Insider. "I think it's a result of the real economic consequences of the referendum outcome, such as the devaluation of the pound, working its way through."
However, Ingram said his team are not working in the traditional sense when it comes to insolvencies, but more businesses are seeking advice earlier, with enquiries up "significantly" since Christmas.|
|Not quite a buy tip but it won't do any harm.
|After the ONS removed claimant count from the employment report in February, I've only just discovered that clamant count had its biggest rise for 6 years in March. The rise was 25,500 against a consensus forecast of a fall of 10,100.
|UK still seems to be slowing but still better than US.
In 2016, 4534 stores opened in the UK while 5430 closed, a net change of minus 896.
This figure represents the closure of more shops last year than in 2015, when the high street recorded a net change of minus 498.
Harley-Davidson Financial Services originated $709.8 million — up 3.8% year-over-year — in the first quarter, according to the company’s earnings call today.
Annualized net losses — at 2.3% in 1Q — were up 33 basis points from the prior-year quarter, and to top the highest level the captive has seen since the fourth quarter of 2010, when losses were at 2.11%.|
|Recessionary trend in US restaurant sales continues
Recessionary motorbike sales in US
Planes not selling well?
Good results from B of A but consumer credit provisions up 58%.
Atlanta Fed Q1 GDP forecast now fallen from 3.4% annualised at start of Feb to 0.5% now.
|Underlying US Q1 bank results not so good.
US used car prices peaked in May 2015. Fell 6.4% in 2016.