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Three Quick Facts: Begbies Traynor, CPP, Alphawave

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Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Begbies Traynor: Red Flag report cites economic challenges

Insolvency specialists Begbies Traynor LON:BEG are starting the week off for all of us with their “red flag alert” for Q4, highlighting that 47,000 UK businesses are one the cusp of collapse and the number in critical financial distress has again risen by more than 25%> bad news for the economy but arguably a boost for Begbies’ shareholders. The detail, split down by industry sector and region, is arguably worth a closer look, with real estate and construction notable stand outs.

#2. CPP full year figures running ahead of forecasts

There’s a full year trading update out from CPP LON:CPP this morning noting that performance was in line with expectation for 2023. Interestingly, the business is in the process of winding down its legacy operations yet demand here remained strong with clear support from customers for the proposition. EBITDA is now expected to be around 15-20% ahead of market forecasts.

#3. AI industry supports outlook for Alphawave

Alphawave IP Group LON:AWE – a global leader in high speed connectivity for the world’s technology infrastructure – has released a Q4 trading and business update today. Record new bookings have been announced in the high margin IP and custom silicon non-recurring engineering business (my focus being on the high margin), market share is increasing and bookings are also being driven by demand from AI companies in North America.

The outlook remains unchanged and despite macroeconomic uncertainties, management appear confident that the sector alignment will support continued growth.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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