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abrdn plc (ABDN.L)

LSE - LSE Delayed Price. Currency in GBp (0.01 GBP)
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137.00+1.85 (+1.37%)
At close: 05:11PM BST
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  • Financial Times

    Fund manager Abrdn plans payout to shareholders of up to £500mn

    Struggling fund manager Abrdn plans to return up to £500mn to shareholders in an attempt to head off a revolt after its humiliating relegation from the FTSE 100 earlier this month. Abrdn is aiming to give shareholders an additional £400mn-£500mn before the end of 2022 after selling down stakes in other companies, according to people with knowledge of the situation. The plan to step up returns to investors comes in the wake of Abrdn’s share price plunging over 40 per cent in 2022, leading to its demotion from the UK’s blue-chip index for the first time since the company was formed with the 2017 merger between Aberdeen Asset Management and Standard Life.

  • Reuters

    Abrdn buys stake in digital assets exchange Archax

    British asset manager abrdn has bought a stake in digital assets exchange Archax, amid a wider push by investors into crypto-assets despite a recent plunge in value. The stake, acquired for an undisclosed sum, gives abrdn a seat on the board at Archax and makes the asset manager its largest external shareholder, an abrdn spokesperson said. Founded in 2018, Archax provides access to blockchain-based digital assets and became the first digital securities exchange to win regulatory approval from the Financial Conduct Authority, abrdn said in a statement.

  • The Guardian

    Abrdn announces pre-tax loss of £320m for first half of 2022

    Investment group goes into red amid ‘market turbulence’ and withdrawal of £24bn linked to cancelled Lloyds deal