United Kingdom

Carolyn Cohn

Suspended Woodford fund has sold around £100 million of assets

14 Jun 2019

LONDON 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.

Woodford rejects calls to waive fees for suspended fund

12 Jun 2019

LONDON Neil Woodford's asset management firm said on Tuesday it won't waive fees for investors in its suspended flagship fund, rejecting calls from its regulator and lawmakers.

Woodford draws fire from politicians, investors over fund suspension

11 Jun 2019

LONDON British politicians and regulators piled pressure on Neil Woodford following the suspension of his flagship fund a week ago, while investors pulled money from his other products and a major backer distanced itself from the frozen fund.

Swiss Re plans $4.5 billion IPO for UK unit to help expansion

07 Jun 2019

ZURICH/LONDON Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund its expansion.

Guernsey stock exchange ready to work with FCA over Woodford

07 Jun 2019

LONDON Guernsey's stock exchange said it knows of no investigation by Britain's financial markets regulator into the bourse connected to the suspension of a fund by Neil Woodford - or a reason to start one - but stands ready to help the UK watchdog.

Senior MP calls on Woodford to waive fees in suspended fund

06 Jun 2019

LONDON A senior British lawmaker joined calls on Thursday for embattled money manager Neil Woodford to stop charging fees on a fund he has stopped people from leaving.

Aviva to cut 1,800 jobs globally, overhauls UK business

06 Jun 2019

LONDON British insurer Aviva will cut 1,800 jobs globally as its new chief executive seeks to make the group more competitive by restructuring its British business and reducing costs across the business.

Watchdog examines Guernsey listings of suspended Woodford fund

06 Jun 2019

LONDON 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 from the firm in a widening fall-out from the suspension.

Provident Financial buoyed by collapse of hostile bid

05 Jun 2019

LONDON Provident Financial's shares jumped on Wednesday after the collapse of a hostile takeover bid for the doorstep lender by rival Non-Standard Finance.

World News