Page 49 - Link Group News Today

Link Group has secured a new £70 million funding package with Bank of Scotland. The agreement, which includes an existing £10.7m loan, puts in place a five-year Revolving Credit Facility (RCF) of £60m, providing flexibility and liquidity to Link Group to support its ongoing develop

Among the companies with reports and trading updates today are WH Smith, Babcock, Jet2, Deliveroo, Dunelm, Rank Group, Mulberry, AJ Bell and Haleon.

Link Fund Solutions has agreed to pay up to £235million to investors who lost money following the collapse of Neil Woodfords £3.8billion Equity Income Fund.

Link Group has sold the troubled Fund Solutions business and reached a settlement with the UK Financial Conduct Authority (FCA) over the Woodford fund issues.

The Financial Conduct Authority has concluded its investigation into Link Fund Solutions over the Woodford Equity Income fund.

Australia's Link Group has agreed to pay out up to £235m to investors caught up in the collapse of the Woodford Equity Income Fund, it was confirmed on Thursday.

<p><span>Following an investigation by the Financial Conduct Authority (FCA), Link Fund Solutions (LFS) has agreed to provide, with a material contribution from its ultimate parent, Link Administration Holdings (Link Group), a significant redress payment to investors in the LF Woodford Equity Income Fund (the WEIF) of up to approximately £235 million.</span></p>

The FCA have announced their plan to deliver Woodford investors significant redress

The redress is to cover losses to over 300,000 investors in the Woodford WEIF as a result of failures by LFS, as the authorised corporate director (ACD) of

“Some 1,417 days have passed since the suspension of the Woodford Equity Income fund and today’s announcement from the FCA regarding financial redress due to