Window slams shut on litigation funder floats after Burford Capital’s terrible week August 11, 2019 The attack by shortseller Muddy Waters on Burford Capital last week has slammed shut the window on other litigation funders looking to go public. Muddy Waters criticised Burford’s use of fair value accounting – the inclusion of unrealised gains – and accused the funder of “aggressively marking” the value of the cases on its books, something Burford denied. The Aim darling-turned-lame-duck lost [...]
Going for broke(rs): Student takes job hunt to Moorgate station for his big break in finance August 8, 2019 A university student trying to get his start in London’s financial district took matters into his own hands this week when he spent 11 hours stood outside Moorgate station holding a placard asking the capital’s brokers to give him a chance. “It’s not where I’m coming from, it’s where I’m going,” read Imperial College London [...]
Listed litigation funders scramble to avoid Burford contagion August 8, 2019 Listed litigation funders have distanced themselves from Burford Capital today, after a short seller attack yesterday sent Burford’s shares on a rollercoaster ride. Manolete Partners and Litigation Capital Management (LCM) today pointed out how their models differ to Burford’s after their shares fell steeply yesterday in reaction to the short-seller attack on Burford. Activist Muddy [...]
Burford left reeling as shortseller takes aim at business August 8, 2019 Shares in London-listed litigation funder Burford Capital crashed 45 per cent yesterday following a scathing report from shortseller Muddy Waters. The incendiary document confirmed that Muddy Waters now holds a short position on Burford, which it described as “a poor business masquerading as a great one”. Read more: Shares crash as short seller Muddy Waters savages [...]
Burford Capital attacks short sellers as shares plunge 40 per cent August 7, 2019 Burford Capital has accused short sellers of spooking investors as its share price entered freefall for the second day in a row this morning. Shares in the litigation finance company dropped 20 per cent yesterday, and have continued their plunge today. Read more: Burford Capital snipes back at critical analysts Burford Capital’s share price was [...]
City Moves for 29 July – Who’s switching jobs at Lasalle, Augusta and Knight Frank? July 28, 2019 Today’s City Moves includes Lasalle, Augusta and Knight Frank. Lasalle Global real estate investment manager Lasalle Investment Management has announced that Martin Zdravkov has joined its UK business in the newly-enhanced role of head of UK residential and impact investing, based in London. Martin will report to Philip Nell, the head of UK real return [...]
Exclusive: Lawyers who took on Lloyds and Tesco launch new funder-backed firm April 29, 2019 A group of lawyers who are taking on Lloyds Banking Group and Tesco in multi-million pound group actions have launched a new firm backed by a heavyweight litigation funder. The new firm – Harcus Parker – is a breakaway from London firm Harcus Sinclair led by its head of litigation Damon Parker. The firm has [...]
City Moves for 15 April 2019 – Who’s switching jobs at Herbert Smith Freehills, Trussle and Osborne Clarke? April 15, 2019 Today's City Moves includes Herbert Smith Freehills, Trussle and Osborne Clarke. Herbert Smith Freehills Herbert Smith Freehills partner Chris Bushell has been elected as the new vice-president of The London Solicitors Litigation Association (LSLA). Chris, who is also the organisation’s membership secretary, is a former member of the Junior LSLA Committee and has been actively [...]
Stocks for a durable ISA portfolio in the Brexit years March 24, 2019 By Edmond Jackson from interactive investor. With the Brexit outcome still uncertain, companies analyst Edmond Jackson picks five larger cap stocks and three AIM shares for a resilient ISA. Be aware how sentiment towards equities hinges currently on whether Brexit is "resolved" by way of "Soft" business-friendly outcome, or the UK leaves the EU without [...]
Burford Capital: AIM’s biggest firm still growing fast March 21, 2019 By Graeme Evans from interactive investor. This AIM star is already big enough to make the FTSE 100, but City analysts argue it is worth even more. The extraordinary story of Burford Capital (LSE:BUR) continued in earnest today as the AIM market's biggest stock delivered another record year of significant profits growth. With shares up [...]