UK asset managers brace for challenging quarterly results amid market crash April 16, 2025 UK asset managers are bracing for their quarterly results as the fund houses suffer double-digit drops in their share prices since Trump’s tariff regime caused markets to dive. While most UK asset managers have suffered a persistent trend of investors pulling money in favour of low-cost index funds, the firms have been able to rely [...]
PM’s spokesperson cannot confirm Heathrow will reopen by Saturday March 21, 2025 In a multi-agency call convened by the government on the ongoing Heathrow closure, Downing Street could not say with confidence that the airport will reopen at midnight – though power has reportedly been restored to Terminal 4. The West London airport has been shut for the whole of Friday following a nearby electrical fire at [...]
Abrdone: Can the vowel U-turn save Aberdeen? March 4, 2025 Abrdn has re-added the vowels to its name as part of a shocking branding U-turn. But will it play a role in rebuilding the asset manager’s fortunes? Does it even matter in the grand scheme of things? The much-mocked corporate moniker was finally retired today after years of Square Mile sniggering and, it must be [...]
Abrdn’s chief defends rebrand: ‘The name is the name’ January 21, 2025 Abrdn’s new chief executive defended the company’s rebrand from Aberdeen Standard Life and insisted its name will not change today despite a barrage of criticism over the ‘disemvowelment’ of the asset manager. “The name is the name and we will be continuing with it,” said Jason Windsor this morning, when asked whether he would consider [...]
UK airport operator bought by Canadian pension fund for £1.5bn November 13, 2024 An operator of UK airports has been bought by Canadian pension fund PSP, with the firm set to take over Glasgow, Aberdeen and Southampton airports in the £1.5bn deal. AviAlliance, a private airport operator which is wholly owned by the Public Sector Pension Investment Board (PSP Investments), announced the takeover of AGS Airports today. The [...]
Wood Group shares plunge 40 per cent after bidder Sidara walks away citing ‘geopolitical risks’ August 5, 2024 Dubai-based engineers Sidara has brought an end to takeover talks with London-listed John Wood, citing "rising geopolitical risks" and "financial market uncertainty".