LONDON British investment platform Hargreaves Lansdown said nearly a quarter of its clients are exposed to Neil Woodford's suspended fund, piling further pressure on the company for heavily backing the fund since it was launched.
LONDON Britain's markets watchdog said it had opened a formal investigation into the suspension of Neil Woodford's flagship equity income fund earlier this month and first had concerns more than a year ago.
British money manager Neil Woodford faced further pressure on Tuesday after retail platform Fidelity International stopped its customers from making new investments in one of his smaller funds.
LONDON The suspension of Neil Woodford's flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly.
LONDON Neil Woodford has sold 97 million pounds of shares over the past 10 days to boost liquidity in his suspended equity income fund, a Woodford spokesman said on Thursday.
LONDON, June 13 Neil Woodford has sold 97
million pounds ($123 million) of shares over the past 10 days to
boost liquidity in his suspended equity income fund, a Woodford
spokesman said on Thursday.
LONDON Neil Woodford's asset management firm said on Tuesday it won't waive fees for investors in its suspended flagship fund, rejecting calls from its regulator and lawmakers.
LONDON British politicians and regulators piled pressure on Neil Woodford following the suspension of his flagship fund a week ago, while investors pulled money from his other products and a major backer distanced itself from the frozen fund.
ZURICH/LONDON Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund its expansion.