Abrdn

Global investment company abrdn is calling for urgent measures to be brought in to protect and support listed smaller companies in the UK – including immediately abolishing stamp duty on FTSE 250 shares. This comes following the launch today of a report by New Financial, the influential think

Paul Diggle, chief economist at abrdn, has highlighted the firm's expectation for the major developed market policy rates to eventually fall below 3% by the end of this cutting cycle in 2026. He said: "We maintain our call for a soft landing in the US economy, as inflation risks have moderated and r

Jason Windsor, previously group CFO and currently interim group CEO, has been appointed as group CEO of abrdn plc, subject to regulatory approval. On 24 May 2024, abrdn announced the commencement of the process of moving to fresh leadership, following the strategic repositioning of the company to a

Abrdn UK Smaller Companies Growth Trust plc has announced its annual results for the year ended 30 June 2024, showcasing a strong performance with a net asset value total return of 18.1%. This significantly outpaced the reference index's total return of 10.0%.

abrdn Adviser has announced the appointment of Verona Kenny as the firm's first chief distribution officer. A senior leader in the platform industry over many years, Ms Kenny will join abrdn in Q4 having most recently worked as Managing Director, Intermediary at 7IM.

abrdn plc has posted its half year results with adjusted operating profits rising by £1 million from £127m in H1 2023, to £128m. Jason Windsor, interim chief executive officer, said that in the first half of the year the firm has made an "encouraging start" as it became "more effic

abrdn and the University of Edinburgh have announced a pioneering project out of their partnership Centre for Investing Innovation that will seek to harness generative artificial intelligence (AI) to support the firm’s investment research process. Bringing together expertise from the investmen

Amid a looming retirement crisis and cost of living pressures, 64% of UK adults are being held back from investing in the next six months due to low risk tolerance, lack of confidence in the UK stock market and low engagement with investment products, according to abrdn. The findings come from the g

Scottish charity WorkingRite has partnering with abrdn to expand its impactful in-school employability programme 'Rite to Work' (RtW). The new partnership was launched as part of the abrdn Charitable Foundation's global powerful partnerships and aligns with their focus on investing in tomorrow&rsquo

abrdn plc has announced that CEO Stephen Bird is stepping down after four years of leading the asset and wealth management company. He will be succeeded by Jason Windsor, currently group chief financial officer, on an interim basis while a formal search for a permanent replacement is conducted.

In a deal worth up to £100 million, abrdn has completed the sale of its £7.4 billionn AUM European-headquartered Private Equity business to Nasdaq-listed Patria Investments. The sale follows a strategic review of abrdn's alternatives business, within which it concluded that the capital g

Investment manager abrdn has again defended its rebrand, after the company's chief investment officer (CIO) claimed the ongoing mockery amounted to "corporate bullying". In an interview with Financial News, CIO Peter Branner said the media was engaging in a "childish" game by persistently poking fun

In a move that could spark a potential investor backlash, adviser Glass Lewis has urged Abrdn's shareholders to vote against the asset manager's pay report, with the main focus being the salary of the incoming chief financial officer, Jason Windsor. Glass Lewis pointed out that Mr Windsor's base sal

The board of Murray International Trust has announced its annual results for the fiscal year ending 31 December 2023. The company's net asset value (NAV) demonstrated a total return of +8.6%, surpassing the UK Retail Prices inflation rate of +5.2%. This marked a return to genuine growth over the rep

Abrdn's chief executive, Stephen Bird, has revealed that the asset management group has a 50/50 chance of reversing years of customer outflows and achieving net positive inflows this year. Despite initial optimism with a 7% surge in shares following better-than-expected adjusted operating profits, y