Fresh blow for Neil Woodford as mattress maker reports losses

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Eve Sleep, in which fund manager holds 31% stake, says losses due to competitors cutting prices

Neil Woodford was dealt another blow when a mattress maker backed by the fallen star fund manager warned of worse-than-expected trading for the second time this year and scrapped merger talks with a rival.

Eve Sleep, in which Woodford’s fund holds a 31% stake, said business was worse than expected because of low consumer confidence and competitors cutting prices. The company also said it had ended discussions with Simba, another mattress maker, about a joint venture.

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Categories Business Investment funds Investments Money Retail industry shares UK news

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