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City Of London Grp PLC Ord 10P (CIN)

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30-Apr-2015 07:59 AM

COLG completes sale of Therium

City of London Group has completed the sale of its interests in Therium Capital Management, its litigation fund management associate. The company announced on 8 April that, subject to certain conditions being met, it had agreed to sell its interest in Th
23-Sep-2014 08:07 AM

City of London looks to sell Therium

City of London Group has reported that it is now in advanced discussions around the sale of Therium, its litigation fund manager associate. Trade Finance Partners, the company's trade finance associate, has stepped up its facility with Macquarie Ba
19-Aug-2014 08:54 AM

COLG unit continues search for £30m of debt funding

City of London Group subsidiary Credit Asset Management Ltd continues to seek £30m of debt funding to go alongside £10m of conditionally committed equity in order to build economic scale. COLG says Trade Finance Partners Limited, the group's 43%
03-Jul-2014 07:47 AM

COLG underlying pre-tax losses rise

City of London Group posts an underlying pre-tax loss of £3.9m for the year to the end of March - up from £2.7m last time. The group reports a loss before tax of £5.2m after exceptional items of £1.0m (2012-13 loss before tax £1.6m). The company&ap
17-Feb-2014 08:18 AM

COLG confirms new £5m new funding facility

City of London Group has arranged a new funding facility of £5m. This has been arranged by way of an unsecured 7% convertible loan which is convertible into 8% redeemable preference shares at the company's option. Approximately £2m of these funds
01-Nov-2013 02:09 PM

City of London Group chairman steps down

City of London Group chairman and non-executive director Henry Lafferty has stepped down from the board. He joined the board in June 2006 and was appointed chairman in September 2009. The board thanked him for his significant contribution to the group,
24-Sep-2013 09:13 AM

COLG continues to see strong demand

City of London Group continues to see strong demand, shareholders at its annual general meeting later this morning (24 September) will be told. Chairman Henry Lafferty said he wanted to take the opportunity to update shareholders on the group's cur
16-Aug-2013 09:06 AM

COLG frustrated by court delays

Continual court delays in the final determination of litigation funding cases is 'frustrating', says City of London Group chief executive Eric Anstee. He said the activity has again demonstrated the attractiveness of the group's various
25-Jun-2013 08:00 AM

COLG revenues up 104%

City of London Group's revenue increased by 104% to £5.1m in the year to the end of March. The group said the gross value of goods and services invoiced rose by 108% to £32.3m (2012: £15.5m) and third party funding increased by 106% to £72m (20
02-May-2013 08:34 AM

COLG subsidiary appointed to new litigation fund

City of London Group subsidiary Therium (UK) has been appointed to advise a newly launched litigation fund. The new fund has raised capital of £5.6m and will invest in commercial litigation, complex disputes and international arbitration alongside Ther
02-Apr-2013 09:45 AM

COLG appoints alternate non-exec director

City of London Group has appointed Andrew Crowe as an alternate non-executive director to John Greenhalgh. Chief executive Eric Anstee said: "We are delighted to announce the appointment of Andrew Crowe as an alternate director for John Greenhalgh.
27-Mar-2013 08:05 AM

Therium unlikely to accrue any performance fees, says COLG

City of London Group says its litigation funding arm, Therium, is unlikely to accrue any performance fees this year as a number of case results are still pending. The group's issued a business and trading update noting that: * Its asset finance pla
06-Mar-2013 08:01 AM

COLG launches new litigation fund

City of London Group has announced the successful closing of a new litigation fund, Therium Jersey Limited. This is an expert fund established under the Jersey Expert Fund regime. Therium Capital Management Limited ("TCML") is COLG's
12-Dec-2012 08:41 AM

COLG shortlisted to manage SME finance mandate

City of London Group has been shortlisted to manage an initial £5m SME finance mandate on behalf of the Department of Business, Innovation and Skills through the Business Finance Partnership programme. Matched funding will be provided from a combinatio
03-Dec-2012 07:20 AM

City of London Group strengthens its board

City of London Group has appointed Nigel Sidebottom as a non- executive director. He is currently a director of Premier Fund Managers with responsibility for its closed end and offshore fund operations as well as its private client and high net worth bus
19-Nov-2012 09:34 AM

COLG operating losses narrow as revenues rise

City of London Group's revenues rose by 169% to £15.2m in the six months to the end of September and gross profits increased by 25% to £1.3m. The group's operating losses fell to £143,000 from £1.3m after a£733,000 profit on the sale of FX
17-Sep-2012 03:34 PM

City of London Group AGM resolutions pass

City of London Group (LON:CIN) announces that all the resolutions proposed at the Annual General Meeting held earlier today were passed. At 3:34pm: (LON:CIN) City Of London Group share price was 0p at 76.5p Story provided by
17-Aug-2012 07:51 AM

COLG platforms moving towards critical mass

City of London Group has seen increased momentum on third party funding for its platforms despite the challenging economic conditions. And it says each of its platforms is moving towards critical mass which has laid the foundation for future growth. C
06-Aug-2012 07:42 AM

COLG secures £10m managed account with Crescendo

City of London Group subsidiary Professions Funding Ltd has secured a managed account of £10m with Crescendo Advisors International. Crescendo is a wealth management company based in Guernsey which is advised by Infinity Asset Management LLP of Manches
25-Jun-2012 09:24 AM

COLG pre-tax losses rise

City Of London Group's revenues jumped to £15.5m in the year to the end of March - up from £792,000 last time - while pre-tax losses rose to £2.1m from £551,000. The group said £1.4m of the loss was from planned revenue investment in platform
20-Jun-2012 09:20 AM

City of London Group schedules FY results

City of London Group will be announcing its final results for the year to the end of March on 25 June. At 9:20am: (LON:CIN) City Of London Group share price was 0p at 73p Story provided by
07-Jun-2012 12:30 PM

City of London Group subsidiary secures funding

City of London Group (LON:CIN) has announced that its subsidiary Trade Finance Partners Limited has agreed a three year trade finance facility with Macquarie Bank. The initial amount will be £15 million with the option to increase by mutual agreement up
05-Apr-2012 09:09 AM

COLG unit awarded institutional mandate

City Of London Group subsidiary Therium Capital Management has been awarded a new institutional mandate. Therium will act as exclusive investment adviser for this investment of an initial £5m fund in a portfolio of third party litigation and arbitration
07-Feb-2012 09:03 AM

COLG investment portfolio sees some recovery

City of London Group has seen some recovery in its investment portfolio and gathering momentum in each of its four main businesses. The net asset value per share at the end of December was 60.0p (30 September 2011, 62.9p before the interim dividend of 0.
30-Nov-2011 09:17 AM

COLG maintains dividend

City of London Group has maintained its interim dividend despite reporting a pre-tax loss of £1.4m for then six months to the end of September. The loss - which compares with a profit of £0.1m last time - is after provision for legal costs of £1.5m. The
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