Schroders upgrades Revolut stake in former Woodford trust by 85 per cent Investing A Schroders trust formerly run by star stockpicker Neil Woodford has upgraded the value of its stake in Revolut by 85 per cent, implying the fintech firm is worth $48bn (£37.1bn). The Schroders valuation would put Revolut, which has been mulling an IPO for years, above the $45bn it was valued at last summer, though below [...]
Woodford investors join case against Hargreaves Lansdown Investing Investors in Neil Woodford’s former fund have seen their numbers in the legal case against Hargreaves Lansdown swell to over 8,300. RGL Management, which is leading the claim, said it had added a further 1,700 investors to the claim in recent weeks in a claim that estimates suggest could reach as large as £200m. Following [...]
Exclusive Neil Woodford interview: who he blames for his fund’s collapse Investing In his first interview in years, former star manager Neil Woodford makes it clear where he believes the blame for his collapsed fund lies.
FCA is ‘incompetent’ and transformation plan a ‘failure’, MPs say November 25, 2024 The Financial Conduct Authority (FCA) is “incompetent” and “defective” and attempts to transform itself over the past four years have been a “failure”, according to a damning report by a group of MPs, set to be revealed tomorrow. In a more than 350-page report compiled over three years, the All-Party Parliamentary Group on Investment Fraud [...]
More than 5,000 Woodford investors sue Hargreaves Lansdown November 17, 2024 Hargreaves Lansdown, the UK's biggest retail investment platform, is being sued by more than 5,000 investors who claim it kept recommending Neil Woodford’s equity fund when it ran into problems.
Neil Woodford is offering advice, should we listen? April 29, 2024 Neil Woodford, who was investigated by the FCA after losing billions, is telling us to be optimistic about the economy. He has a point, says Eliot Wilson Neil Woodford, whose eponymous investment fund collapsed amid investigation by the Financial Conduct Authority in 2019, has obviously been taking a course in self-assurance from Liz Truss. The [...]
The newest finfluencer in town: Neil Woodford April 18, 2024 The former Woodford Equity Income fund manager launched a new blog yesterday called Woodford Views, aiming to "shed some light" on what led to his firm's collapse.
Investment platforms blocking the purchase of investment trusts risk creating ‘another Woodford’ disaster April 14, 2024 DIY platforms like AJ Bell, Hargreaves Lansdown and Interactive Investor have been caught blocking the purchase of investment trusts.
Inside the collapse of star manager Neil Woodford’s fund April 11, 2024 The FCA has pointed the finger at Neil Woodford and Link Fund Solutions for the collapse of the Woodford Equity Income fund.
FCA takes action against disgraced stock picker Neil Woodford for ‘defective understanding of responsibilities’ April 11, 2024 Former manager of the Woodford Equity Income fund, Neil Woodford, has been slammed by the FCA for his actions running the fund.