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.
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.
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.
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.
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.
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.
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.
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.
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.