Woodford to stand by 'poor investment' Capita

The manager, who is the third largest shareholder of the company through positions in both his £7.7bn Woodford Equity Income and £690m Woodford Income Focus funds, commented on the developments in a blog post two days after the profit warning was issued. At the start of last week, Capita represented 0.8% and 1.3% of the respective funds. However, Woodford said he would not be selling his holdings in the company, which has suffered a string of profit warnings in recent years, with its share price dropping 45% last Wednesday, as he believes there is "a clear plan and project underway" t...