Three charts that show how MPs could vote on Brexit deal October 18, 2019 The House of Commons will sit on a Saturday tomorrow for the first time since the Falklands War, as MPs face a crunch vote on whether to back Boris Johnson’s Brexit deal. The Prime Minister may have got the deal past European Commission president Jean Claude Juncker, but his support in Parliament is on a [...]
Boris Johnson’s deal is on a knife edge as Angela Merkel calls on EU to support Brexit delay October 18, 2019 Angela Merkel is said to have told other EU leaders a Brexit extension would be inevitable should MPs reject Boris Johnson’s withdrawal deal. The German Chancellor told fellow European leaders they could not pretend there would be no extension if the UK requested one, according to reports. Read more: PM Johnson scrambles to save Brexit [...]
Watchdog hits back at claims it was ‘asleep at the wheel’ over Woodford October 16, 2019 The Financial Conduct Authority (FCA) has defended itself against accusations it was ‘asleep at the wheel’ ahead of the collapse of former star fund manager Neil Woodford’s investment empire. CMC Markets’ chief analyst Michael Hewson told City PM he thought the FCA “was probably asleep at the wheel” in the runup to the suspension of [...]
London Assembly makes way for police watchdog on Boris Johnson and Jennifer Arcuri inquiry October 16, 2019 Two Greater London Authority inquiries into conflict of interest claims against Boris Johnson have been put on hold after fears it could prejudice a police watchdog investigation. The London Assembly’s Oversight Committee has been investigating Johnson’s links to American businesswoman Jennifer Arcuri while he was mayor. Read more: Boris Johnson stays mum on Arcuri conflict [...]
Shares in Neil Woodford’s listed fund continue to fall after bruising day October 16, 2019 Shares in Neil Woodford’s investment trust have fallen again in early trading following a bruising day which saw the once-lauded fund manager’s empire collapse. Woodford was yesterday dismissed as the manager of his flagship Equity Income Fund (WEIF) and resigned from the Woodford Patient Capital Trust (WPCT) and Income Focus Fund. Read more: Woodford winds [...]
Woodford winds down: Stockpicker’s troubled investment empire collapses October 15, 2019 The investment empire of former star fund manager Neil Woodford came crashing down tonight after a bruising day which saw him sacked as manager of his flagship fund and resign from the remaining two, cementing the embattled stockpicker’s spectacular fall from grace. The closure of Woodford’s Equity Income Fund (WEIF) was announced this morning by [...]
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 PM 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 [...]
