Housebuilders suffer after Berkeley production warning
UK housebuilders experienced a sell-off today after Berkeley Group Holdings warned it would not be able to boost production to meet the government’s demand for new homes.
Spearpoint legacy pot wipes Brooks Macdonald profits
Brooks Macdonald saw its profits all but wiped out after setting aside more cash to cover legacy issues related to its acquisition of Spearpoint Capital.
Woodford shuns Atom rights issue amid £1.3bn redemptions
Celebrity fund manager Neil Woodford has been forced to cut his stake in Atom Bank after suffering more than £1bn in client redemptions this year.
‘Perfect storm’ for Woodford as another unquoted firm plans IPO
Another Neil Woodford-majority owned firm has announced plans to float as the heavy-weight manager nears the regulator’s 10% limit on unlisted holdings.