Woodford tops up on G4S
Fund manager Invesco Perpetual, the lair of famed stock picker Neil Woodford, has increased its stake in G4S following the security company's recent share price falls.
Fund manager Invesco Perpetual, the lair of famed stock picker Neil Woodford, has increased its stake in G4S following the security company's recent share price falls.
Invesco previously had an 11.3% stake in G4S, but has revealed that on November 8th it increased its exposure from about 159m to 172m shares, equal to 12.22% of the issued share capital.
The security group's share price originally fell following the fall-out from its London Olympics staffing fiasco. Then, after staging a brief recovery, lurched down when it paid the price for embarrassing the British government, missing out on contracts to run prisons.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Not only did G4S fail to win any new contracts in the biggest round of prison privatisations in England and Wales, but it has also lost its contract to run Britain's first private prison.
CM
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%
Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the US
Medium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.