Britain’s Burford expects 2019 profit to fall

() – Burford Capital (BURF.L), the litigation funder embroiled in a stand-off with short-seller Muddy Waters, said on Monday profit for 2019 would be lower due to a drop in net realized and unrealized gains. The UK-listed company added that it closed the first half of 2019 with an “unusually high level” of settlement due from investment receivables on its balance sheet. The amount due totaled $173 million. Reporting by Muvija M in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards:The Thomson Trust Principles.