LONDON (Alliance News) - Shares in Worthington Group PLC surged higher early Wednesday after the investment company said it has secured a deal to buy a GBP43 million legal claim to expand its global legal claims business.
Shares in the company were up 33.5% to 35.72 pence in early trade, putting it comfortably top of the risers on the whole London market.
Worthington said it has reached an agreement in principle to acquire a litigation claim estimated to be worth about GBP43 million. The claim, made by two unnamed European companies, centres on a claim for loss and breach of contract by a Chinese client related to a deal to develop a series of university campuses in China.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Worthington Grp (WRN)