Woodford sells decade-long holding in 'expensive' Reckitt Benckiser

Revealing his latest portfolio moves, the manager (pictured) said in an update he had offloaded his £3.1bn Woodford Equity Income fund's position in the consumer goods giant after its rating became too high compared to other opportunities. Mitchell Fraser-Jones, who works alongside Woodford on the fund, said: "We exited Reckitt Benckiser, a share which has been present in Neil's portfolios for over a decade. "We continue to view Reckitts as a great business with a very strong management team and an excellent product line-up. Such a high quality business deserves a high market rating b...