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Equity funds better off sticking with blue chips - BoE
Equity funds that stick to blue-chip shares cope best with calls from investors for their money back, a senior Bank of England official said on Thursday as fallout from the suspension of top UK fund Woodford continued.Suspended Woodford fund has sold around £100 million of assets
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.Assets in Woodford's smaller fund shrink - Morningstar
Assets under management in Neil Woodford's Income Focus Fund have fallen by more than 100 million pounds since the suspension of trading in his main fund last week, data from Morningstar showed.Is bitcoin growing up? Regulated futures boom as investors seek a safer ride
When bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. A decade later, there are growing signs it's entering the establishment its creators sought to subvert.Brexit delay gives some relief to UK housing market - RICS
Britain's Brexit-battered housing market steadied in May and a measure of prices improved as the delay in the country's European Union exit gave some encouragement to buyers, a survey showed on Thursday.Woodford rejects calls to waive fees for suspended fund
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.UK MP asks Hargreaves Lansdown about links to Woodford fund
Senior British lawmaker Nicky Morgan has asked UK fund supermarket Hargreaves Lansdown for information about its links to the Woodford fund suspended last week, a British parliamentary committee said on Tuesday.BoE policymakers bang drum for higher rates despite Brexit clouds
Bank of England Deputy Governor Ben Broadbent added his voice to reminders from the central bank that it still wants to raise interest rates, but one of his colleagues, Gertjan Vlieghe, struck a different note by highlighting recent weak data.UK April pay data beats forecasts, employment growth slows
British wages in the three months to April grew faster than expected and hiring slowed less sharply, as the jobless rate held at its lowest rate since 1975, official figures showed on Tuesday.Woodford draws fire from politicians, investors over fund suspension
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.