Update: Woodford sells out of AJ Bell ahead of platform IPO

Total AUA of £42bn

clock
AJ Bell founder Andy Bell confirms IPO plans
Image:

AJ Bell founder Andy Bell confirms IPO plans

Neil Woodford sold out of AJ Bell ahead of the adviser and D2C platform announcing plans to list on the London Stock Exchange, according to the Financial Times.

Woodford Investment Management told the FT the £6.8bn Equity Income fund sold its 8% stake in AJ Bell in February. The disposal, understood to have raised £40m, took place as Woodford suffered more than...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Richard Knight and Simon Gergel

What's in your stock-ings this year?

May be an ideal time for UK stocks

Simon Gergel and Richard Knight
clock 29 November 2021 • 4 min read
Equity strategies had mixed results over the month

Fixed income funds favoured by investors in October

USD government bonds attracted €10.8bn as investors turned their backs on UK large cap equity funds

Jenny Turton
clock 25 November 2021 • 1 min read
Forest
UK

Foresight Sustainable Forestry Company raises £130m for IPO

Foresight Sustainable Forestry company shares will be available on Wednesday, 24 November

Jenny Turton
clock 23 November 2021 • 1 min read
Trustpilot