Burford Capital Share News (BUR)

UK dividends calendar - next 7 days

Burford Capital blames timing of recognition for plunge in revenue

(Alliance News) - Shares in Burford Capital Ltd fell as it reported revenue plummeted, resulting in a first-quarter loss.

UK shareholder meetings calendar - next 7 days

EARNINGS AND TRADING: JPMorgan US Smaller optimistic; Burford buyback

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Burford Capital annual profit surges on capital provision boost

(Alliance News) - Burford Capital Ltd on Thursday reported a significantly higher return on tangible equity amid an increased profit and revenue, hailing that courts are "fully back in business."

Burford Capital reports year of solid growth

(Sharecast News) - Burford Capital reported significant gains and robust growth in its annual results on Thursday, with a record surge in realised gains of 40% to $186m.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Burford Capital closes USD275.0 million private note offer

Burford Capital Ltd - litigation finance provider with offices in London, New York and elsewhere - Closes private offering of USD275.0 million aggregate principal amount of additional 9.250% senior notes due 2031 by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC. The additional notes are guaranteed on a senior unsecured basis by Burford Capital as well as Burford Capital Finance LLC and Burford Capital PLC. The additional notes were offered to investors at an offering price equal to 103.63% of the principal amount, plus accrued interest from January 1, 2024, representing a yield of 8.25%. Intends to use the net proceeds for general corporate purposes.

IN BRIEF: Burford Capital ups size of note offer to USD275 million

Burford Capital Ltd - litigation finance provider with offices in London, New York and elsewhere - Increases size of debt offer to USD275.0 million from the USD200.0 million announced on Tuesday. The 9.25% senior notes due 2031 will be issued by Burford Capital Global Finance LLC. The additional debt offer will raise the total principal of the 2031 notes to USD675.0 million, as USD400.0 million already was outstanding. The notes are priced at 103.625% of face value, plus accrued interest from January 1.

Argentina loses US court ruling over securing $16.1 bln judgment

NEW YORK, Jan 11 (Reuters) - A U.S. judge said Argentina has had enough time to pledge assets to help secure a $16.1 billion judgment it owes, in a ruling favoring a litigation funder that has threatened to seize some of the country's assets.

U.S. judge says Argentina has had enough time to pledge assets toward $16.1 bln judgment

NEW YORK, Jan 11 (Reuters) - A U.S. judge said on Thursday that Argentina has had a "reasonable period of time" to pledge assets to help support a $16.1 billion judgment against the country.

Argentina seeks to block asset seizure to help satisfy $16.1 billion judgment

NEW YORK, Jan 8 (Reuters) - Argentina on Monday urged a U.S. judge not to let Burford Capital begin seizing assets this week as part of the litigation funder's effort to enforce a $16.1 billion judgment against the country.

US Supreme Court rejects appeal over chicken suppliers' defense pact

Jan 4 (Reuters) - The U.S. Supreme Court on Monday declined to hear an appeal targeting an agreement among major U.S. meat suppliers to apportion potential liability for price-fixing claims brought by chicken purchasers Target, Campbell Soup and others.

UK dividends calendar - next 7 days

IN BRIEF: Burford Capital reports strong quarter as swings to profit

Burford Capital Ltd - law-focused global finance and asset management firm - Says it swung to a net profit in the third quarter of 2023 of USD272.5 million from a loss of USD58.3 million a year ago. Basic earnings per share swung to USD1.24 from a loss of USD0.24 in the corresponding quarter the year before. Meanwhile, in the nine months to September 30, says total revenue more than tripled to USD794.3 million from USD157.9 million in 2022. Chief Executive Officer Christopher Bogart says this surge was driven by "significant growth in capital provision income with and without our YPF-related assets."