Asia Dragon shares surge on Ashoka merger proposal
7th May 2024 16:11
(Sharecast News) - Shares in the Abrdn-run Asia Dragon Trust spiked on Tuesday after the £35m Ashoka Whiteoak Emerging Markets made a merger approach for its much larger rival.
Read moreAbrdn AUM rises 3% in first quarter as flows rebound
24th Apr 2024 08:13
(Sharecast News) - Investment manager Abrdn recorded net inflows of £800m in the first quarter of the year, driven by stronger markets.
Read moreDirector dealings: Abrdn CEO makes share sale
15th Apr 2024 16:11
(Sharecast News) - Abrdn revealed on Monday that chief executive Stephen Bird had disposed of 29,942 ordinary shares in the FTSE 250-listed global investment company.
Read moreSunday newspaper round-up: Stamp duty, Wind energy, Metro Bank
31st Mar 2024 19:06
(Sharecast News) - Investment companies are calling on government to bin the stamp duty on share trading in order to revive the London stock market and the country's economy. The bosses at Abrdn, AJ Bell, Hargreaves Lansdown and Interactive Investor all told The Mail on Sunday that politicians must pledge to ditch the tax. According to Abrdn's Stephen Bird, the levy was unpatriotic and economically destructive. Removing it might be the single biggest boost to UK share ownership, he said. - The Financial Mail on Sunday
Read moreLondon close: Stocks fall as US inflation tops forecasts
14th Mar 2024 16:33
(Sharecast News) - London's equity markets finished in negative territory on Thursday, driven by a flurry of stocks going ex-dividend and investor reactions to the latest US producer inflation and jobless data.
Read moreLondon close: Stocks little changed as investors look to US data
27th Feb 2024 16:05
(Sharecast News) - London's equity markets closed with a subdued performance on Tuesday, after a mixed but largely flat session trend as investors exercised caution ahead of US inflation figures later in the week.
Read moreAbrdn FY losses narrow; transformation programme underway
27th Feb 2024 07:53
(Sharecast News) - Fund manager Abrdn said on Tuesday that it has started work on its plans to cut around 500 jobs as part of a cost-reduction programme that is running ahead of targets, as it posted a narrowing of its full-year losses but warned of a hit to margins as clients shift to passive investing.
Read moreTuesday preview: US data, Abrdn in the spotlight
26th Feb 2024 12:28
(Sharecast News) - Investors' focus on Tuesday will be on a raft of U.S. economic indicators that are due out.
Read moreVirgin Money to buy Abrdn's stake in joint investment business for £20m
14th Feb 2024 11:32
(Sharecast News) - Virgin Money said on Wednesday that it has agreed to buy Abrdn's stake in their joint investment platform for £20m.
Read moreLondon close: Stocks rise on positive news from China
24th Jan 2024 16:31
(Sharecast News) - London markets finished with a positive performance on Wednesday, driven by gains in the mining sector following China's announcement of an upcoming reduction in the reserve requirement ratio for banks.
Read moreAbrdn unveils 500 job cuts in new cost-saving plan
24th Jan 2024 07:11
(Sharecast News) - Asset manager Abrdn announced it is cutting 500 roles across the group as part of a new cost-cutting initiative to save £150m by the end of 2025, as it reported net outflows of over £12m in the second half.
Read moreAbrdn planning to axe hundreds of jobs in cost-cutting drive - report
23rd Jan 2024 12:02
(Sharecast News) - Fund manager Abrdn is reportedly preparing to axe hundreds of jobs in a cost-cutting drive aimed at boosting its flagging performance.
Read moreAbrdn to buy four-closed end funds from First Trust Advisors
24th Oct 2023 09:42
(Sharecast News) - Abrdn said on Tuesday that its US subsidiary has agreed to buy the assets of four closed-end funds from First Trust Advisors, adding assets under management totalling around £0.6bn.
Read moreAbrdn to sell European PE business to Patria Investments for up to £100m
16th Oct 2023 09:05
(Sharecast News) - Abrdn said on Monday that it has agreed to sell its European-headquartered private equity business to Nasdaq-listed Patria Investments for up to £100m.
Read moreDirector dealings: Pantheon, Abrdn directors pick up market shares
30th Aug 2023 14:46
(Sharecast News) - Pantheon Resources was on the list of director buys on Wednesday, after its executive chairman picked up one million shares.
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