Analysts take aim at Woodford over late disclosure of WPCT sell down

Speculation trust could be wound up

clock
Neil Woodford
Image:

Neil Woodford

Neil Woodford has been criticised by investment trust analysts for the late disclosure of the sale of a majority of his stake in Woodford Patient Capital Trust (WPCT), with a trio of brokers speculating the portfolio could be wound up.

In separate announcements to the market on Monday morning (29 July), the board of WPCT said it was considering sacking Woodford Investment Management (WIM) from the running of the trust. It added it had...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Companies

Partner insight: 'You can find some incredibly innovative companies in emerging markets'

Partner insight: 'You can find some incredibly innovative companies in emerging markets'

From semiconductors to health care, the opportunities in emerging markets today are vastly greater than they were 20 years ago, according to Capital Group’s Martyn Hole

Capital Group
clock 01 February 2022 • 1 min read
Digital Independent Financial Adviser (IFA) Fintuity has appointed a COO and expanded its team by 60% in the wake of the launch of its financial virtual adviser

Fintuity expands team ahead of virtual adviser launch

COO appointed

Georgie Lee
clock 06 September 2021 • 2 min read
CEO of Brooks Macdonald Caroline Connellan

Brooks Macdonald completes Lloyds' offshore wealth business acquisition

Deal was announced in June this year

clock 01 December 2020 •