You’re fired: Why the Apprentice is bad for business October 16, 2019 If you have been meaning to catch up on the latest instalment of the BBC’s long-running reality series The Apprentice, allow me to save you the time. Last week saw one set of brash egomaniacs with largely questionable entrepreneurial instincts facing off against another, with both teams struggling to demonstrate even the most basic set [...]
Timeline: Here’s when everything went wrong for Neil Woodford October 15, 2019 The removal of Neil Woodford from his flagship Equity Income Fund and the announcement of the fund’s closure marks a major blow for the former star stockpicker. City A.M. has taken a look at the rise – and fall – of the famed money manager. Read more: How Woodford’s star came crashing down to earth [...]
Q&A: Why was the Woodford fund suspended? October 15, 2019 The decision to sack Neil Woodford as manager of his flagship Equity Income Fund (WEIF) and liquidate the fund’s assets sent shockwaves through the financial world this morning. Link Fund Solutions, which has been managing the suspension of the Woodford fund since it was gated in June, announced this morning that the fund would be [...]
Woodford Equity Income investors may not get money back for a year October 15, 2019 When administrator Link announced this morning that Neil Woodford’s flagship Equity Income Fund would be closed down, the firm said this would mean investors could have their cash returned to them “more quickly than if the Fund had remained suspended”. But now industry professionals are warning that investors may not receive their money for over [...]
‘Sorry saga’: Neil Woodford sacked as Equity Income Fund shut down October 15, 2019 Former star stockpicker Neil Woodford has condemned the decision to shut down his flagship Equity Income Fund (WEIF) and fire him as its manager, claiming it is not “in the long-term interests” of investors. Link Fund Solutions, which was tasked with administering WEIF’s suspension, wrote to investors this morning to tell them the fund will [...]
Polystyrene: The turnaround from misperception to circularity success October 15, 2019 | Sponsored Image: Polystyrene’s circularity in action with Agilyx’s recycling technology at the Regenyx facility in Tigard (photo by Agilyx). Polystyrene is very widely used, with approximately 800.000 tons sold into the European Union packaging market every year and several million tonnes of virgin polystyrene produced globally every year. It lends itself well to safe food packaging, [...]
Neil Woodford’s ‘sorry saga’ finally ends as flagship fund set to be wound up October 15, 2019 Neil Woodford is to be fired from his flagship fund, which will shortly be wound up, the administrator charged with overseeing its frozen assets has announced. Corporate director Link Fund Solutions has written to investors to say it will return their cash as soon as possible from Woodford Investment Management. Read more: Watchdog calls for [...]
Delving inside FinTech innovator Prepaid Financial Services October 15, 2019 | Sponsored “Our core strength is achieving consistent profitability,” Valerie Moran, Head of Operations & Client Relations. It’s late on a Wednesday night in the City. PFS’ owners have reached the end of a selfie queue at a private bank after Valerie Moran was invited to deliver a keynote speech on a hot topic – Diversity and [...]
Sorry not sorry: End the apology culture in business October 15, 2019 When David Neeleman, the founder of American airline JetBlue, published a YouTube video entitled “Our Promise to You” in 2007, it was the first corporate social media apology. The video set the standard for modern crisis management. Snow storms and bad planning had forced the airline to cancel more than a thousand flights, affecting over [...]
Exodus reduces Libra members to 21 companies October 14, 2019 The final membership roster of Facebook’s controversial cryptocurrency project Libra has been revealed, having taken a significant hit after several major players abandoned ship. The Libra Association said 21 companies had signed the charter, committing to pay a $10m (£7.9m) founders’ fee and introduce a Libra incentive scheme, following a council meeting in Geneva. Uber, [...]
