Key Neil Woodford holdings including Capita and BAE Systems dropped sharply in late trading yesterday as news of the manager's 2014 departure from Invesco Perpetual filtered through.
Capita, in which Woodford holds a 22% stake, closed down 3.6% at 970.5p, making it the highest-profile victim of the news. Other stocks such as Woodford favourite G4S also slumped mid-afternoon before recovering ground by the close. Even shares in pharmaceutical giants AstraZeneca and GlaxoSmithKline were knocked by the news, though both finished the day roughly flat. Smaller holdings were hit more severely: emergency repair group Homeserve, another Woodford holding, dropped 4.5% to close at 242.6p. New York-listed Invesco, the parent group of Invesco Perpetual, also slumped in ...
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