Name Woodford and Week

name: The governor did not name Woodford, who earlier this week blocked investors from taking cash from his flagship 3.7bn equity income fund, but made it clear by a reference to niche managers that the Bank recognised the need to expand the scope of its oversight, according to The Guardian. Hours after he spoke, stock market announcements showed Woodford selling stakes in some of his largest listed investments as part of efforts to raise cash. Mark Carney used a speech in Tokyo to reveal that Threadneedle Street was to stress test the investment funds industry to reduce the threat of a system-wide financial crisis. He sold about a quarter of his stakes in the beleaguered construction group Kier and the property investment business New River REIT. He still owns about 16% of each business. He has now cut his stake by more than two percentage points to 21.5%. It was his second sale of Purplebricks shares in two days. Neil Woodford dropped by major backer after suspending fund Read more He also sold a fifth of his holding in the doorstep lender Provident Financial, and now has a stake of just over 18%. Woodford has been criticised for a series of bad bets including on the online estate agent Purplebricks, whose shares have slumped 70% over the last 12 months. (news.financializer.com). As reported in the news.