Gosling's Grouse: Why Woodford's exit is the best news of the year

In a way, the departure of Neil Woodford from Invesco Perpetual was a strangely subdued affair. I feel slightly cheated.

I always thought that when he left it would be with more noise but, in fact, his departure was trumped by the announcement the chief executive of Burberry, Angela Ahrendt, is off to Apple. No disrespect to Woodford, but Miss Ahrendt is a lot more photogenic, which probably explains why she got more coverage and, as many fund managers would tell you, she has done a great job turning an ailing brand into a global brand. But Burberry's market cap is only a fraction of Woodford's assets under management, so who should really be feted as a champion of business? Woodford offered a promise ...