|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||2.4500 - 2.4500|
|52-week range||1.3500 - 2.7500|
|Beta (5Y monthly)||1.28|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.18 (7.46%)|
|Ex-dividend date||30 Mar 2023|
|1y target est||N/A|
Abrdn is seeking to individually sell a batch of private equity businesses which collectively have about 12 billion pounds of investments, after struggling to find a buyer for the entire portfolio, a source close to the matter said. The British asset manager has been working with advisers at Rothschild & Co to sell the package of businesses spanning Britain, the United States and continental Europe, a second source said, amid a push by investors to boost flagging returns by offloading non-core assets. Abrdn's CEO, Stephen Bird, has sought to cut costs as he embarks on the final year of a three-year plan to try to reverse the asset manager's fortunes, after years of outflows and a temporary drop out of the FTSE 100 index last year.
Shariah-compliant fund offers diversity, sustained growth and stability to face dynamic market conditionsKUALA LUMPUR, MALAYSIA - Media OutReach - 9 March 2023 - abrdn today marked the 10th anniversary of abrdn Islamic World Equity Fund. The fund is well diversified across multiple sectors and countries, providing investors with a combination of growth and stability in sectors such as IT, communications, consumer discretionary and health care. Gerald Ambrose, CEO for abrdn Islamic Malaysia Sdn B
Bloomberg News had first reported on Thursday that Bruce would leave her role in the coming months, citing an abrdn spokesperson. In an emailed statement to Reuters, an abrdn spokesperson said that there was no departure date yet for Bruce. Bruce joined the British company in June 2019 from accountancy firm PwC, where she was a partner.
Keeping savings in a pension can be a highly effective way of avoiding inheritance tax, and the sooner it is addressed the better, experts say.
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.
Investment group goes into red amid ‘market turbulence’ and withdrawal of £24bn linked to cancelled Lloyds deal
(Reuters) -British asset manager abrdn said on Tuesday it would take longer to grow its revenues and boost profitability after half-yearly profit missed expectations on turbulent markets and inflationary pressures, sending its stock at the bottom of FTSE 100. Fund managers, which saw their assets under management reach record highs during the pandemic, are now witnessing an increase in outflows, as cautious investors shun riskier investments amid soaring inflation. The fund manager had forecast a cost-income ratio of 70% in 2023, which it said will now likely be delayed.