Woodford favourite Provident’s share price sinks to 22-year low
Provident Financial’s shares have sunk to their lowest point since 1996 as rumours swirled that the firm might include a £500m ($698.3m, €567.9m) rights issue in its annual results.
Neil Woodford
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Woodford flagship fund most sold in January
Neil Woodford’s flagship equity income vehicle topped The Share Centre’s most sold fund list in January, sharing the spotlight with several other big names in the UK retail space.
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Woodford-backed start-ups reveal cash woes
Itaconix and RM2 International, two small-cap firms that are majority owned by Neil Woodford, have reported cash troubles in their latest trading updates. Elsewhere, the heavyweight UK manager has doubled his exposure to builder Crest Nicholson.
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Woodford sticking with Capita
Days after Capita saw its shares plummet more than 40%, Neil Woodford has said he will not abandon his holdings in the business process outsourcing firm, even though “it has been a poor investment”.
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Capita shares plummet 40% amid fears of second Carillion
Shares in Capita dropped sharply on Wednesday after the tormented outsourcing firm announced a rights issue and that it had suspended its dividend.
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Woodford, Rathbones and Trojan disappoint in FE ratings
Neil Woodford’s flagship Equity Income fund was downgraded by data-provider FE Trustnet in its latest rebalance from five crowns to just one, six months after receiving the debut accolade.
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Woodford doubles down on contrarian calls
Although last year brought “tough times” for Neil Woodford, the star fund manager said he will not back down from his contrarian positions but will attempt to provide greater clarity on his views to appease shareholders.
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Hargreaves backs Woodford despite rejection threat
Hargreaves Lansdown has backed Neil Woodford’s flagship equity fund despite fears it could drop out of its Investment Association sector on the back of lacklustre performance in 2017.
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Woodford-backed Purplebricks sees shares slide on £8.2m loss
Neil Woodford’s favourite online estate agent Purplebricks failed to woo markets with its half year figures after posting an £8.2m ($10.9m, €9.3m) loss.
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Woodford: ‘utterly convinced’ strategy will pay off when bubble bursts
High profile fund manager Neil Woodford believes his recent move toward domestic stocks will be vindicated when the current stock market bubble finally bursts.
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Architas gives Woodford the chop
Architas has pulled Neil Woodford’s equity income fund from its multi-asset and multi-manager range, becoming the third fund group to ditch the mega manager in a matter of months.
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UK equity income – the most unloved asset class?
According to Morningstar fund flow data the UK equity income sector was the most unloved sector in October, haemorrhaging more money than other out of vogue sectors like property, UK gilts and absolute return. So, why has the asset class become so passé?