Woodford adds to Morrisons as BlackRock sells - reports

Invesco Perpetual's Neil Woodford topped up his stake in supermarket Morrisons as BlackRock sold down its position at the start of 2013, according to reports.

Woodford (pictured) took advantage of BlackRock's sale in January when the retailer reported disappointing Christmas sales, according to the Telegraph. The manager of Invesco Perpetual's Income and High Income funds now holds 7.7% of the supermarket's stock, up from 5.3%, the paper reported. BlackRock, meanwhile, disposed of 155m shares in January to cut its own stake from 10% to 4.2%. Morrisons is due to report full-year figures this week. Its shares are flat year-to-date but have risen 5.1% since the start of February as the stock recovers from the drop seen following its Januar...