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Carolyn Cohn

Exclusive: Woodford biotech stakes first off block in asset sale - source

Jul 18 2019

LONDON/FRANKFURT British fund manager Neil Woodford is looking to kick off the sale of his unlisted biotech investments at the end of July, but faces months of negotiations to offload the portfolio, a source familiar with the matter told Reuters.

Motor insurer Hastings warns of hit from discount rate change

Jul 16 2019

British motor insurer Hastings warned on Tuesday of a $10 million (£8.03 million) hit to its profits from a change in the discount rate used to calculate compensation for personal injuries, with rivals expected to follow.

UPDATE 3-UK motor insurer Hastings warns of hit from discount rate change

Jul 16 2019

* Admiral, Direct Line say reserves based on 0% rate (Adds Direct Line comment)

UK deals blow to insurers with change to discount rate

Jul 15 2019

LONDON Britain will change the discount rate used to calculate compensation for personal injuries to minus 0.25% from minus 0.75%, disappointing insurers who were hoping for a higher rate to limit the money they must set aside to cover payouts.

Mining company Power Resources buys Woodford-backed Metalysis

Jul 05 2019

LONDON Mining company Power Resources Group (PRG) said on Friday it was buying Metalysis, a British high-tech specialist which was backed by asset manager Neil Woodford, out of administration.

Woodford plans staff cuts following fund suspension

Jul 03 2019

LONDON British asset manager Woodford Investment Management is planning to cut staff at its Oxford headquarters in central England after the suspension of the firm's flagship 3.7 billion pound fund a month ago.

UPDATE 1-Woodford plans staff cuts following fund suspension

Jul 03 2019

LONDON, July 3 British asset manager Woodford Investment Management is planning to cut staff at its Oxford headquarters in central England after the suspension of the firm's flagship 3.7 billion pound ($4.65 billion) fund a month ago.

British manager Woodford's flagship fund to remain suspended

Jul 02 2019

LONDON British fund manager Neil Woodford will keep his flagship 3.7 billion pound fund frozen for a second month running, leaving hundreds of thousands of small savers without access to their money.

UPDATE 2-British manager Woodford's flagship fund to remain suspended

Jul 01 2019

LONDON, July 1 British fund manager Neil Woodford will keep his flagship 3.7 billion pound ($4.7 billion) fund frozen for a second month running, leaving hundreds of thousands of small savers without access to their money.

Policymakers turn up heat on Woodford after fund suspension

Jun 26 2019

LONDON Bank of England Governor Mark Carney on Wednesday said illiquid funds that allow savers to take money out at will were "built on a lie", in the latest criticism of British investment guru Neil Woodford's management of his suspended flagship fund.

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