Woodford adds Babcock to fund

UK FUND manager Woodford Investment Management said yesterday that it had added Babcock International to its investment portfolio in October.

At the end of last month, Woodford, owned by Neil Woodford – one of the UK’s highest profile fund managers – held 0.47 per cent of its £3.37bn asset portfolio in shares of the leading British engineering firm, according to the company’s Fund Factsheet.