Neil Woodford sells aircraft engine manufacturer he has held for almost a decade, saying recent profit warning has shaken his confidence in the business. citywire AAA-rated fund manager Neil Woodford has sold Rolls-Royce after nearly a decade of holding the aircraft engine manufacturer. Woodford sold the stock from both his Woodford Equity Income Fund and Woodford Patient
US stocks dropped on Wednesday after rallying the day before, led by declines in shares of Apple and energy companies, which fell with oil prices. The Dow Jones industrial average fell 239 points, or 1.45%, to 16,254, the S&P 500 lost 27 points, or 1.39%, to 1,942 and the Nasdaq Composite dropped 55 points, or
FTSE 100 falls more than 200 points as further signs of slowing Chinese growth spark fears among investors. Stock markets have fallen further into the red in afternoon trading as fears over slowing Chinese growth gathered strength. The FTSE 100 fell 209 points, or 3.3%, to 6,039, after US markets tumbled on the open, following fresh economic data showing China’s
Markets regained a little of their poise overnight with the VIX index of volatility falling back 4% from its three year high as US and Chinese equities managed to hold onto some slim gains at the close. The S&P 500 ended Thursday up 0.01% at 1,862, well off Wednesday’s low of 1,830, while Hong Kong’s Hang Seng
Wall Street declined on Wednesday on lingering concerns about weak global demand, but an afternoon rebound helped the Standard & Poor’s 500 Index pare its biggest intraday plunge since 2011. The Dow Jones industrial average fell 173 points, or 1.06%, to 16,142, the S&P 500 lost 15 points, or 0.81%, to 1,862 and the Nasdaq
