Link could be in court over Woodford liquidity woes before the year’s end
Harcus Parker has previously enjoyed success pursuing Capita over the collapse of the Arch Cru funds
Harcus Parker has previously enjoyed success pursuing Capita over the collapse of the Arch Cru funds
Capita’s share price has fallen 38% after the firm admitted more than one billion shares to the London Stock Exchange.
Capita’s share price has rallied after the firm confirmed a £701m rights issue and more than £500m in net losses, but analysts remain cautious on recommending the stock.
Days after Capita saw its shares plummet more than 40%, Neil Woodford has said he will not abandon his holdings in the business process outsourcing firm, even though “it has been a poor investment”.
Shares in Capita plummeted 40% on Wednesday after the tormented outsourcing firm announced a rights issue and that it had suspended its dividend.
Thursday was a day of dramatic share price swings as Sports Direct’s profits more than halved and markets digested big announcements from two Neil Woodford-backed firms.
Woodford Investment Management has pointed the finger at outsourcing company Capita in a note to investors.
Despite the market volatility over the summer, private investors were still net buyers of equities.
Professional and private investors continue to buy up equities in record levels as cyclical sectors.