For investors concerned by the rising risk of an economic downturn, results for Begbies Traynor (BEG) show how a bearish view on UK plc can still be profitable. Shares in the insolvency practitioner, already buttressed by May’s strong trading update, climbed higher on news of a 27 per cent rise in adjusted pre-tax profits to £7.1m in the 12 months to April 2019.
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