Upbeat Burford sees sales soar

COMMERCIAL dispute financier Burford Capital yesterday said half-yearly revenue rose to $11.5m (£7.19m).

The 187.5 per cent rise for the six months to 30 June comes after the Aim-listed firm expanded its range of litigation-related investments.
Pre-tax profit increased more than sixfold to $7.14m.

The investment company, registered in Guernsey, is headed by Sir Peter Middleton, the former Treasury official and chairman of Barclays.

Sir Peter said the firm had benefitted as litigation as an asset class “evolved rapidly”.