Wednesday broker round-up
25th Jul 2018 13:57
(Sharecast News) - Unite Group: Numis downgrades to hold with a target price of 900p.
Read moreBurford Capital shares soar as income jumps 17%
25th Jul 2018 11:06
(Sharecast News) - Law-focused finance and investment management firm Burford Capital saw its shares boosted on Wednesday after reporting substantial income and profit increases.
Read moreBurford to buy rival GKC for £160m
14th Dec 2016 08:22
(ShareCast News) - Shares in legal finance firm Burford Capital soared nearly 12% as it announced it had agreed to buy rival GKC Holdings, a law-focused investment manager, for $160m in cash and loan notes. A further $15m will be paid depending on GKC contributing $100m in income. Of the $160m, $93
Read moreSunday share tips: B&M European Value, Gym Group, Burford Capital, CVS, Joules
3rd Jul 2016 15:51
(ShareCast News) - Buy shares in B&M European Value Retail said the Sunday Times' Inside the City column. As the referendum decision to leave the EU sends the economy into a recession, discounters like B&M should do well. The business model is to attract customers with value groceries and then offer
Read moreDirector dealing: John Laing FD buys ahead of dividend payout
23rd Mar 2016 15:48
(ShareCast News) - John Laing Group finance director Patrick Bourke splashed out £137,000 worth of shares at a price of 228.25p in the infrastructure investor, bumping up his stake as the company bumps up its dividend payouts. As part of results earlier this month, the FTSE 250 group, which floated
Read moreBurford Capital backs lawsuit against Volkswagen
2nd Dec 2015 09:11
(ShareCast News) - Burford Capital has announced it is giving additional funding to law firm Hausfeld to take on Volkswagen AG after the emissions scandal. In September, the German car giant admitted it installed "defeat devices" in millions of diesel vehicles around the world. The devices would de
Read moreBurford Capital sees strong investment return in US litigation portfolio
1st Jun 2015 16:41
Burford Capital said on Monday its US litigation portfolio investments generated $61m in gross cash and profits of $36m. The investments, which cost $25m since 2012, delivered a 144% investment on invested capital and 60% internal rate of return. Chief executive Christopher Bogart said: "We are del
Read moreBurford Capital enjoys strong 2014 with higher operating profits
18th Mar 2015 08:51
Equity investment company Burford Capital said 2014 was a year of robust capital demand with new investments and increasing activity levels. Total income in the group rose 35% to $82m thanks to strong litigation activity levels, while operating profit increased 43% to $60.7m. Profit before tax, acqu
Read moreNew Asos COO picks up £0.5m of shares after results bounce
21st Oct 2014 11:57
Asos'schief operating officer, Nick Beighton, who has been promoted or perhaps demoted from finance director after three profit warnings in the last seven months, increased his skin in the game with a significant share purchase on Wednesday morning after the company unveiled final results. Beighton
Read moreBunford Capital H1 profits up 89%
4th Sep 2014 14:31
Pre-tax profit rose to $18.2m during the first-half compared to $9.7m last year. Income also rose by 40% to $27.4m against $19.5m in June last year. The company saw an 85% increase in income from the litigation portfolio and UK insurance income remain at $10.2m. However, cash and equival
Read moreBurford Capital delivers strong first half from litigation claims
3rd Jul 2014 08:42
Burford Capital, which provides litigation finance, has seen "continued strong investment returns" in the first half of the year. Since inception, the company claimed its 26 investments have generated $173.9m in gross investment recoveries and $67m net of invested capital, producing a 63% net retur
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreTelecity CEO sells shares as update impresses
7th May 2013 16:19
Michael Tobin, the Chief Executive Officer of data centre operator Telecity, has sold 124,105 shares following the exercise of options over 125,105 shares, taking his stake to 666,000. The shares were traded in at 949.50p each, earning the director in the region of £1.18m. The deal was made on t
Read moreMonday broker round-up UPDATE
22nd Apr 2013 07:20
Admiral Group: Deutsche Bank takes target price from 1140p to 1300p retaining a hold recommendation. African Barrick Gold: Deutsche Bank ups target price from 173p to 180p staying with its hold recommendation. Albemarle & Bond: Canaccord Genuity reduces target price from 280p to 146p and downgrade
Read moreBurford Capital appoints new CFO
7th Feb 2013 10:59
Investment capital provider Burford Capital announced Thursday the appointment of Miriam Connole as Chief Financial Officer (CFO). Connole will be based in the London office and responsible for the global financial affairs of the company. It is a newly created role as Burford has previously relied
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