Neil Woodford

Manager remains cautious

Exclusive talks with parent L&G

Tobacco and pharmaceuticals take biggest hit

Firm expands to 35 staff

Market declines just a 'knee-jerk reaction'

Manager expected correction for 'more than a year'

Neil Woodford's Patient Capital Trust is to issue new shares in a tap issuance programme to satisfy 'excess demand' from investors.

Vestra Wealth has hired Russell Harrop, formerly Woodford Investment Management, as head of international equities.

P2P Global Investments has raised £400m from its latest C share issue after receiving backing from a number of high-profile shareholders.

Neil Woodford has criticised Chancellor George Osborne's cut to tax breaks for renewable energy after shares in his holding of Drax fell by over a quarter.