Abrdn doubles share buyback programme as revenue rises
8th Aug 2023 07:30
(Sharecast News) - Abrdn shares slumped on Tuesday as it reported a drop in assets under management in challenging market conditions and announced a doubling of its share buyback programme.
Read moreAbrdn folding Gars fund into other assets
27th Jul 2023 11:21
(Sharecast News) - Abrdn has decided to combine its once-leading UK investment fund, Global Absolute Return Strategies (Gars), with other assets due to a long streak of underperformance, it emerged on Thursday.
Read moreAbrdn poaches Persimmon CFO Jason Windsor
27th Jul 2023 10:55
(Sharecast News) - Fund manager Abrdn said on Thursday that it has appointed Jason Windsor as its new chief financial officer.
Read moreAbrdn sells 10.2% stake in India's HDFC Asset Management Company
20th Jun 2023 08:05
(Sharecast News) - Asset manager Abrdn said on Tuesday that its aIML subsidiary has sold just under 21.8m shares in India's HDFC Asset Management Company for about 45.7 billion rupees (£337m).
Read moreAbrdn subsidiary sells £198m of HDFC Life shares
31st May 2023 07:44
(Sharecast News) - Abrdn announced on Wednesday that its subsidiary, Abrdn Mauritius Holdings 2006 (aMH06), has sold a significant number of shares in HDFC Life Insurance.
Read moreAbrdn to cut jobs in multi-asset team
18th Apr 2023 10:21
(Sharecast News) - Investment giant Abrdn will allegedly axe a number of roles in its multi-asset team, just a matter of weeks after the departure of its Global Absolute Return Strategy's head.
Read moreAbrdn swings to annual loss as inflation bites
28th Feb 2023 07:24
(Sharecast News) - UK asset manager abrdn swung to a full-year loss citing volatile markets and surging investments in what the company called "one of the hardest investing years in living memory".
Read moreSantander in talks to buy abrdn PE unit - report
17th Feb 2023 13:18
(Sharecast News) - An arm of Spanish bank Santander is reportedly in talks to swoop on the £14bn private equity unit of London-listed fund manager abrdn.
Read moreHSBC downgrades Abrdn, cautious on near-term prospects for wealth managers
10th Feb 2023 10:20
(Sharecast News) - HSBC downgraded Abrdn on Friday to 'reduce' from 'hold' as it took a look at UK wealth managers.
Read moreJefferies upgrades Man Group, downgrades abrdn
16th Jan 2023 11:38
(Sharecast News) - Analysts at Jefferies upgraded investment manager Man Group from 'hold' to 'buy' on Monday but lowered abrdn from 'buy' to 'hold' as it took a fresh look at the UK sector.
Read moreAbrdn CFO Stephanie Bruce planning to step down
22nd Dec 2022 15:21
(Sharecast News) - The chief financial officer of asset manager abrdn is reportedly planning to leave in the coming months.
Read moreJohn Lewis strikes deal with Abrdn to build 1,000 homes
2nd Dec 2022 09:49
(Sharecast News) - The John Lewis Partnership is to enter the housing market after agreeing a £500m joint venture with investment manager Abrdn, it was confirmed on Friday.
Read moreAbrdn hit by anti-money laundering failures at Luxembourg arm
10th Oct 2022 11:24
(Sharecast News) - Fund manager Abrdn has reportedly suspended a number of client accounts after it discovered anti-money laundering failures.
Read moreDeutsche 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.
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