Deutsche Bank downgrades Abrdn to 'sell'
14th Sep 2022 08:00
(Sharecast News) - Deutsche Bank downgraded Abrdn to 'sell' from 'hold' on Wednesday and cut the price target to 135p from 175p, as it argued that accelerating stake sales won't offset wider headwinds.
Read moreAbrdn sells 2% stake in Indian insurer HDFC Life
13th Sep 2022 07:15
(Sharecast News) - Asset manager Abrdn said on Tuesday that it has sold a stake of around 2% in Indian insurer HDFC Life.
Read moreAbrdn posts drop in first-half profits, cautious on outlook
9th Aug 2022 07:34
(Sharecast News) - Asset manager Abrdn posted a drop in first-half profit and revenue on Tuesday and struck a cautious note on the outlook.
Read moreAbrdn rallies as it announces £300m share buyback
6th Jul 2022 11:08
(Sharecast News) - Asset manager Abrdn rallied on Wednesday after it announced a £300m share buyback programme as it looks to return excess capital to shareholders.
Read moreCiti downgrades Abrdn, Jupiter to 'sell'
1st Jul 2022 10:14
(Sharecast News) - Citi downgraded Abrdn and Jupiter Fund Management to 'sell' from 'neutral' on Friday as it took a look at European asset managers.
Read moreCredit Suisse upgrades Schroders, downgrades Abrdn
15th Jun 2022 12:39
(Sharecast News) - Credit Suisse upgraded Schroders on Wednesday and downgraded Abrdn as it took a look at European asset managers, saying its strongest conviction in the sector remains 'outperform' rated Man Group.
Read moreHSBC upgrades M&G, St James's Place to 'buy'
3rd May 2022 08:46
(Sharecast News) - HSBC upgraded its stance on shares of M&G and St James's Place on Tuesday as it took a look at UK wealth managers.
Read moreAbrdn annual profit rises as revenue shows first post-merger increase
1st Mar 2022 07:03
(Sharecast News) - Abrdn's annual profit rose as the asset manager posted higher full-year revenue for the first time since it was formed from a merger in 2017.
Read morePaper shortage hits Abrdn's £1.5bn Interactive Investor takeover
7th Feb 2022 10:25
(Sharecast News) - Abrdn's £1.5bn takeover of Interactive Investor has been delayed because of a paper shortage, it was reported on Monday.
Read moreAbrdn sells 40m Phoenix Group shares in placing
28th Jan 2022 07:55
(Sharecast News) - Abrdn has sold just under 40m shares in Phoenix Group in placing to institutional investors, raising gross proceeds of around £264m.
Read moreBerenberg cuts abrdn to 'hold', says core growth may remain slow
26th Jan 2022 10:41
(Sharecast News) - Berenberg downgraded abrdn on Wednesday to 'hold' from 'buy' and cut the price target to 260p from 285p.
Read moreAbrdn to buy Interactive Investor in £1.5bn deal
2nd Dec 2021 11:01
(Sharecast News) - Asset manager Abrdn has agreed to buy subscription-based investment platform Interactive Investor for £1.49bn in cash.
Read moreAbrdn on verge of finalising £1.5bn takeover of Interactive Investor - report
2nd Dec 2021 07:39
(Sharecast News) - Abrdn is reportedly on the verge of finalising a £1.5bn takeover of Interactive Investor.
Read moreAsset manager Abrdn in talks to buy Interactive Investor
8th Nov 2021 07:34
(Sharecast News) - Asset manager Abrdn said on Monday that it is currently in talks with private equity firm J.C. Flowers & Co about a potential acquisition of fund platform Interactive Investor.
Read moreSunday newspaper round-up: JD Sports, Abrdn, Snowfox Group
7th Nov 2021 16:29
(Sharecast News) - The head of JD Sports, Peter Cowgill, is facing questions from the Competition and Markets Authority over his meeting in a car park with Footasylum boss, Barry Brown. They were filmed at the weekend sitting in a black Mercedes at Bridge Hall industrial park, leading to the watchdog's investigation into whether or not they breached the rules governing JD Sport's takeover of its smaller rival. In the video, which was seen by The Sunday Times, they were joined in the car by JD's general counsel, Siobhan Mawdsley, who later left. The investigation comes as the CMA is still examining JD's 2019 offer to buy out Footasylum. - Sunday Times
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