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What Woodford makes of the bank rally
by Emma Dunkley on Feb 18, 2013 at 10:34
Woodford added the company announced a share buy-back rather than the ‘hoped-for’ special dividend from Verizon Wireless. The manager also has reservations about the company’s ability to maintain its margin on data revenues.
Over the last month, his fund has returned 5.04% versus the FTSE All Share’s 6.37%. Over three years to the 15 February, he has delivered 42.2% versus the benchmark’s 39.5%.
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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