|Bid||1,690.00 x 0|
|Ask||1,890.00 x 0|
|Day's Range||1,818.00 - 1,866.00|
|52 Week Range||1,147.00 - 2,252.00|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||33.22|
|Earnings Date||Aug 07, 2020|
|Forward Dividend & Yield||0.35 (1.87%)|
|Ex-Dividend Date||Feb 13, 2020|
|1y Target Est||1,810.38|
One year on from the suspension of Neil Woodford’s flagship Equity Income fund, more than 300,000 investors are still waiting for their final payout as the pandemic stretches out the liquidation process. Withdrawals were halted on the fund on June 3 last year, trapping nearly £3bn of investors’ money. “I’m disappointed by the whole thing and I’m not sure that shutting it down and handing it to someone else to liquidate was the right thing to do,” said Woodford investor and FT Money reader Nicholas Tett.
U.K. stocks skidded lower on Thursday on worries markets have climbed too quickly in the face of the coronavirus pandemic still keeping most economies shut.
European stocks slumped on Thursday on worries the global economy won’t rapidly bounce back after the lockdowns from the coronavirus pandemic.
Shares of the company opened 5.2% lower at 16.2 pounds on the London Stock Exchange, near the sale price of 16 pounds a share, taking the year-to-date losses to 15%. The stake sale represented 7.3% of Hargreaves' outstanding shares, according to Reuters calculations. "The sale of some of my shares in Hargreaves Lansdown is part of a process of long-term financial planning to diversify my assets," Hargreaves said.
Britain will strike a "hard bargain" with the United States in looming trade negotiations and will not put NHS drugs pricing on the table, trade minister Liz Truss said on Thursday. Hedge fund Elliott Management Corp has built a stake worth $2.5 billion in SoftBank Group Corp and is pressing for a $20 billion share buyback and is pushing for changes at Masayoshi Son's technology conglomerate, people with direct knowledge of the matter said.
Peter Hargreaves, one of Britain's wealthiest men and the second-biggest donor to the 2016 campaign to leave the European Union, has donated 1 million pounds ($1.28 million) to Prime Minister Boris Johnson's party ahead of next week's election. Hargreaves, who amassed his fortune from co-founding fund supermarket Hargreaves Lansdown, said he was worried that the project he championed could be abandoned, leaving the United Kingdom stuck in the European Union. Johnson, 55, hopes to win a majority on Dec. 12 to push through the Brexit deal he struck with the EU after the bloc granted a third delay to a divorce that was originally supposed to have taken place at the end of March.
Once one of Britain's most celebrated money managers and idolized by a legion of investor devotees, the collapse of Neil Woodford's business has been swift and brutal. The 59-year-old moved quickly to call time on his eponymous asset management company late on Tuesday, hours after being sacked as manager of the firm's flagship fund by its administrator, Link Fund Solutions. The move followed four months of efforts to sell out of a number of unlisted and little traded stocks - some 20% of the fund's portfolio according to Britain's regulator - and raise cash to pay off investors irked by weak returns.
Investment firm Fidelity International said on Tuesday that it has decided to restrict its customers from making new investments in money manager Neil Woodford's Income Focus Fund. The move comes a couple of weeks after Woodford, among Britain's well-known fund managers, suspended his flagship fund, LF Woodford Equity Income fund, due to an increase in redemption requests. "We believe this is in the best interest of our platform clients unless and until uncertainties are resolved and we are not restricting withdrawals from Woodford Income Focus Fund," Fidelity International said in an emailed statement.
Hargreaves Lansdown Chief Executive Officer Chris Hill said on Monday he will forgo a bonus until investors in Neil Woodford's suspended fund, which was backed by the British fund supermarket, have access to their money. "Until investors are able to access their money held with Woodford Equity Income, I will not be taking a bonus," Hill said in an emailed statement. Woodford, among Britain's most famous fund managers, has faced fierce criticism after suspending his 3.7 billion pound ($4.70 billion) equity income fund on June 3, in a rare move for a fund designed for retail investors.
The City watchdog vowed to review ‘Best Buy’ lists from platforms like Hargreaves Lansdown on Tuesday after questions over their commercial ties to the shuttered Woodford fund. The FTSE 100 company also saw its shares fall a further 1.5% today after Morgan Stanley analysts said the heightened regulatory scrutiny and damage to its brand would hit the share price. Financial Conduct Authority chief Andrew Bailey, under pressure to help clean up the Woodford fallout, said the regulator will review whether fund supermarkets are complying with principles that recommendations should be impartial.
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. Woodford Investment Management suspended its equity income fund on June 3, a rare move for a product aimed at retail equity investors, after a run of redemption requests. Morgan's comments came after Andrew Bailey, chief executive of Britain's markets regulator, the Financial Conduct Authority, said the suspension raised "important questions" about how illiquid investments should be regulated.
Neil Woodford’s crisis-hit firm is set to snub a request from platform Hargreaves Lansdown to waive fees on his shuttered flagship fund. Hargreaves has pressured Woodford to stop charging management fees of 0.5% after the fund shut to withdrawals on Monday. Hargreaves, whose clients make up 30% of the £3.7 billion Woodford Equity Income fund, decided to waive its 0.45% fee yesterday.