Aberdeen leans on Interactive Investor as assets under management plunge Investing Asset manager Aberdeen reported a drop in assets under management and advice in the first financial quarter, after the performance of Interactive Investor failed to combat outflows and market volatility. Assets under management and advice (AUMA) slipped from £556bn to £547.7bn, amid weaker markets, the disposal of its financial planning business and net outflows of [...]
UK asset managers pile into record gilt auction Markets Asset managers have piled into a landmark UK gilt auction after the Middle East war forced the government to fork out the highest interest rate on its 10-year bond since the global financial crash. City AM understands that Aberdeen and Schroders bought up some of the record £15bn of 10-year securities issued by the Debt [...]
Aberdeen shares slide as outflows widen Business Aberdeen shares slid as its Interactive Investor performance failed to offset persistent outflows elsewhere. The firm’s share price fell 7.3 per cent to 204p in early morning trading, as persistent outflows from its Adviser business dampened overall investor sentiment. Total assets under management and administration (AUMA) grew nine per cent to £556bn from £511.4bn, off [...]
The Capitalist: Standard Life scrambles to avoid ‘STD’ ticker February 19, 2026 What's in a name? A whole lot of issues for Standard Life's new Stock Exchange ticker; delve into that and more in The Capitalist.
‘No comment’: City firms on Starmer China trip keep schtum January 29, 2026 When Sir Keir Starmer boarded a British Airways flight to Beijing earlier this week, he brought with him a coterie of leaders from British industry to help fly the flag. More than 50 delegates were invited on the PM’s trip, many from top City institutions such as law firm Clifford Chance and accounting giant PwC. [...]
Find me a blander corporate rebrand than This Bank January 29, 2026 What’s in a name? The corporate rebrand for This Bank is insipid and lacks imagination, says Simon Hunt. Marketing strategies are hard to get right. Coming up with a new name, a new logo, a new motto is riddled with danger. I don’t begrudge those paid to have a go at it. A litany of [...]
Prudential names HSBC veteran Douglas Flint as new chair January 14, 2026 Prudential has tapped the former chairman of banking juggernaut HSBC Douglas Flint as its new chair. The London-listed financial services giant said on Tuesday Flint would succeed retiring Shriti Vadera, who has been in the post since January 2021. Flint served as HSBC’s chair from 2010 to 2017, following a stint as group finance director [...]
FTSE 100 Live: Shell and BP lead index near 10,000 amid oil tensions January 5, 2026 Good morning and welcome back to the City AM morning liveblog. The FTSE 100 kicked off the new year on the front foot marking an intraday high of 10,046.25p on Friday in the first trading session of 2026. Whilst it slipped back in later trading, strong performances across blue-chip heavyweights including Rolls-Royce and Fresnillo, led [...]
Eastern Airways: UK regional airline suspends operations October 28, 2025 Eastern Airways has cancelled all of its flights, with the Civil Aviation Authority (CAA) announcing that it has suspended operations. Travellers booked onto upcoming flights have been warned not to go to the airport, with the CAA urging passengers to “make their own alternative travel arrangements via other airlines, rail or coach operators”. The airline [...]
Silver prices tail off after hitting first record in four decades October 15, 2025 Silver prices retreated on Tuesday after hitting their first all-time high in over 45 years, as supply fears and a short squeeze added momentum to a year-long rally spurred by investor fears over government debt levels and sticky inflation. On a historic day of trading, spot prices for the precious metal broke $53 an ounce [...]