Neil Woodford cuts staff numbers as fund suspension continues July 3, 2019 Embattled fund manager Neil Woodford is set to slash staff numbers at his firm’s headquarters following the suspension of his flagship fund. The redundancies are expected to affect a small number of staff at Woodford Investment Management’s Oxford office. Read more: Woodford sells shrimp shares on the stock floor The firm employed around 45 members [...]
London Pride 2019: Where is the parade and when does it start? July 3, 2019 There is less than a week to go until London Pride 2019, when the capital is set to host a parade that is bigger and brighter than any that have gone before it. Last year around 1m people attended the event as people from London and beyond participated in the capital’s biggest LGBT+ celebration. But [...]
Mark Carney warns trade war could ‘shipwreck’ global economy July 2, 2019 Bank of England governor Mark Carney today warned that a trade war could “shipwreck” the global economy. Speaking in Bournemouth today Carney said financial markets had recently experienced a “profound transformation” driven by growing concerns over the impact of rising trade tensions and policy uncertainty. Read more: No-deal Brexit would cost UK £90bn, warns Philip [...]
Woodford sells shrimp shares on the stock floor July 2, 2019 Neil Woodford has slashed his fund’s stake in Benchmark Holdings, a genetics firm that develops disease-resistant shrimp, offloading £23m of shares as his asset selling spree continues. The stockpicker’s company, Woodford Investment Management, cut its stake in Benchmark from 12.5 per cent to under 2 per cent in a transaction last Friday. Read more: Neil [...]
Hide and seek? Adventures in Borisland July 2, 2019 No-one who has observed British politics over the past 15 years could possibly think that Boris is shy of the media or dislikes his face appearing on the news. What on earth is going on?
Neil Woodford keeps flagship fund under lock and key July 1, 2019 Embattled stockpicker Neil Woodford remained defiant last night despite confirmation that his flagship Equity Income Fund will stay frozen for at least another 28 days. Read more: Woodford offloads stake in Raven’s property firm In a new video promoted on social media, Woodford defended his trademark strategy of focusing on “undervalued assets”, saying it “will [...]
Woodford offloads stake in Raven property investment firm July 1, 2019 Embattled stockpicker Neil Woodford has jettisoned his 12 per cent stake in Raven Property Group, bringing the total he has raised since the suspension of his flagship fund to £459m. Raven announced today that it has bought back 72.1m shares from Woodford at 36p per share. Read more: Neil Woodford cuts stake in AI firm [...]
Theresa May urges G20 leaders to tackle climate change as US refuse June 29, 2019 Speaking after the two-day G20 summit, Prime Minister Theresa May told other countries to “raise their ambition” to tackle climate change. May said that other governments should copy the UK’s new aim of net zero carbon emissions by 2050 and world leaders should “embrace this target”. Talking at a press conference after the summit, May [...]
Donald Trump is only leader to reject climate change proposals at G20 summit June 29, 2019 US President Donald Trump has said the United States is not “being taken for suckers anymore” following his election in 2016. The US pulled out of the 2015 Paris climate accord in 2017, with Trump claiming that the goals of the pact “disadvantage American workers and taxpayers”. Read more: US and China agree to kickstart [...]
United States and China agree to resume trade talks after G20 summit meeting June 29, 2019 The United States and China have agreed to resume trade talks after the countries’ leaders met during the G20 summit in Japan. The escalation in trade tensions between the two had fuelled a global economic slowdown. Read more: Trump jokes to Putin: “Don’t meddle in election, please” US President Donald Trump said the talks in [...]