Burford surges on forecast-beating first half
Shares in litigation finance provider Burford Capital (BUR:AIM) leapt 16% to 726p on Thursday, taking gains for the week to almost 23%, after the firm reported ‘significant realisations’ and cash receipts for the half-year to June.
Burford-only realisations rose 40% to $478 million, well above market expectations, while group-wide realisations rose 32% to $820 million.
Notably, there was ...