Aberdeen Asset Management lifts property fund suspension
13th Jul 2016 12:11
(ShareCast News) - Aberdeen Asset Management has lifted the suspension of its £3.2bn UK property fund. Aberdeen had temporarily suspended the fund last week and cut its value by 17% as it looked to contain withdrawals following the vote to leave the European. It said it wanted to give investors addi
Read moreFrozen Aberdeen property fund to offer London office to market
11th Jul 2016 15:46
(ShareCast News) - Aberdeen Asset Management has reportedly appointed broker Strutt & Parker to sell a London office property, which is part of a real estate fund suspended from trading. Bloomberg cited three unnamed people "familiar with the matter" as confirming 10 Hammersmith Grove - a building w
Read moreAberdeen UK property fund set to reopen on Monday
11th Jul 2016 09:41
(ShareCast News) - Aberdeen Asset Management expected to reopen its £3.2bn UK property fund on Monday after outflows slowed and some investors opted not to sell, company chief Martin Gilbert said. In an interview with Bloomberg TV Gilbert said "Our intention is to open today as long as investors hav
Read moreTuesday broker round-up
10th May 2016 15:38
(ShareCast News) - Foxtons: Citigroup upgrades to neutral with a 140p target. RBS: HBSC retains hold with a 240p target. Croda: JP Morgan keeps at overweight with a 3314p target. Aberdeen Asset Management: Goldman Sachs reiterates neutral with a target of 294p. Bovis Homes: Canaccord reiterates b
Read moreNumis cuts Aberdeen Asset Management to 'hold' from 'add'
3rd May 2016 09:54
(ShareCast News) - Aberdeen Asset Management's shares slumped on Tuesday as Numis downgraded the stock to 'hold' from 'add' after the company reported a drop in first half profit. In the six months to the end of March, underlying pre-tax profit fell 40% to £162.9m, as net revenue declined 20% to £
Read moreAberdeen Asset Management 1Q profit slump 40%
3rd May 2016 07:46
(ShareCast News) - Aberdeen Asset Management reported a slump in first-half profit on Tuesday as it took a hit from weakness in emerging markets. In the six months to the end of March, underlying pre-tax profit fell 40% to £162.9m, as net revenue declined 20% to £483.6m. Meanwhile, assets under man
Read moreTuesday broker round-up
26th Apr 2016 13:09
(ShareCast News) - Premier Foods: Jefferies upgrades to buy with a 60p target. Aberdeen Asset Management: Citigroup downgrades to sell with a 265p target. Smiths Group: Jefferies keeps at buy with a target price of 1100p and Credit Suisse reiterates outperform with a target of 1275p. Close Brother
Read moreAberdeen appoints Threadneedle COO as head of distribution
19th Apr 2016 13:27
(ShareCast News) - Campbell Fleming will be stepping down from his role as EMEA chief executive and global chief operating officer of Columbia Threadneedle Investments to join Aberdeen Asset Management as global head of distribution. Fleming will be responsible for Aberdeen's global distribution pla
Read moreMonday broker round-up
11th Apr 2016 16:20
(ShareCast News) - Phoenix Group: JP Morgan downgrades to neutral with a target price of 942p. Fresnillo: RBC downgrades to underperform with a target price of 750. Jupiter Management: UBS reiterates neutral with a target price of 410p and Jefferies keeps at buy, 472p target. Petrofac: Nomura keep
Read moreFTSE 100 movers: Anglo American up while Admiral slumps
14th Mar 2016 14:23
(ShareCast News) - The FTSE 100 was trading up on Monday afternoon, as investors shrugged off weaker Chinese production and consumption data, with miners leading the charge. Embattled miner Anglo American was among the leaders, after news its boss Mark Cutifani took home a smaller pay cheque in 2015
Read moreMorrisons set for FTSE 100 return, Sports Direct in line for demotion
1st Mar 2016 15:19
(ShareCast News) - Morrisons, which announced a new grocery supply deal with Amazon.com on Monday, may work its way back into the FTSE 100 this month. The supermarket retailer, which was booted out at the last quarterly review, could be joined by newly-merged Paddy Power Betfair and private hospital
Read moreFTSE 100 movers: Banking shares drive index down
11th Feb 2016 14:37
(ShareCast News) - The FTSE 100 resumed its slide on Thursday, with the blue-chip index dropping 80.51 points (1.42%) to 5,591.79 points by mid-afternoon. Banking shares were under pressure, with Barclays and Standard Chartered among the top fallers, after Societe Generale's profit warning added to
Read moreM&G Investments poaches Aberdeen's Richards as new chief executive
1st Feb 2016 08:30
(ShareCast News) - Prudential has wooed Aberdeen Asset Management's chief investment officer Anne Richards to take over leading M&G Investments. The FTSE 100 company announced on Monday that Michael McLintock has decided to retire as chief executive of its subsidiary. Richards is currently responsi
Read moreWednesday broker round-up
27th Jan 2016 17:31
(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S
Read moreAnalysts mostly negative on Aberdeen but some see value
27th Jan 2016 11:45
(ShareCast News) - Shares in Aberdeen Asset Management were volatile after the emerging markets-focused fund manager continued to endure outflows in the last three months of 2015, but some analysts were seeing the positives. Total assets under management of £290.6m at 31 December were up 2.4% in the
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