|Bid||1,007.50 x 0|
|Ask||1,007.50 x 0|
|Day's range||996.20 - 1,013.50|
|52-week range||897.80 - 1,153.00|
|Beta (3Y monthly)||1.02|
|PE ratio (TTM)||36.00|
|Forward dividend & yield||0.48 (4.83%)|
|1y target est||1,321.29|
Neil Woodford ’s investment empire imploded on Tuesday as the UK’s best-known fund manager was fired from his flagship fund and he walked away from his remaining two investment vehicles. In an initially angry response, Mr Woodford said the decision by the administrator, Link Fund Solutions, was “one I cannot accept, nor believe is in the long-term interests [of investors]”. Should Neil Woodford repay his £8m fees on shut down fund?
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. Market participants have been expecting a wave of forced selling by Woodford, with some hedge funds taking out short positions against his investments. "Since suspension, Woodford has sold 97.1 million pounds of stock as he continues to reposition the Woodford Equity Income Fund portfolio," a Woodford spokesman said by email.
Britain's financial watchdog said it was examining a decision by a frozen Woodford fund to list investments in Guernsey, as wealth manager St James's Place pulled 3.5 billion pounds ($4.45 billion) from the firm in a widening fall-out from the suspension. In a rare event, British fund manager Neil Woodford suspended trading late on Monday in his 3.7 billion pound ($4.70 billion) flagship Equity Income Fund after an increase in demand by clients to take back their money. Woodford, one of Britain's highest-profile money managers and a particular favorite of retail investors, told investors he needed to prevent them leaving in order to give him time to sell out of a number of unlisted or illiquid positions.
Britain's FTSE 100 retreated after a five-day rally on Thursday, as financial heavyweights slid on ex-dividend trading and oil majors weakened, while a profit alert sank tourism and insurance group Saga on the midcap index. The FTSE 100 fell 0.5 percent by 0715 GMT and the FTSE 250 was down 0.4 percent.
British blue-chip stocks slipped again on Wednesday as Marks & Spencer tumbled after announcing a rights issue to fund an online food joint venture with Ocado, while plans for a cash call knocked Metro Bank to an all-time low. The main index and the midcap bourse both ended 0.6 percent lower, underperforming their European peers.
Britain's top share index was lower on Thursday, underperforming its European peers, as weaker crude prices dragged oil majors lower and telecom Vodafone and pest control company Rentokil were hurt by weak sector earnings. The FTSE 100 was 0.1 percent lower at 0939 GMT, on track for its third straight session of losses and its worst weekly performance since early December.
Britain's FTSE 100 ended lower for the third consecutive session on Thursday as weak sector earnings hurt Vodafone and Rentokil while comments from the U.S. Commerce Secretary cast doubt over the prospects for a resolution of the trade dispute with China. The FTSE 100 closed down 0.4 percent, on track for its worst weekly performance since early December, while the more domestically focused FTSE 250 edged higher by 0.2 percent.
Britain's FTSE 100 was lower in a broad sell-off across Asian and European markets on Tuesday as renewed worries about global economic slowdown hurt heavyweight energy, mining and banking stocks while easyJet surged following its results. The exporter-heavy FTSE 100 was down 0.6 percent at 1008 GMT. The FTSE 250 was up 0.2 percent.