FTSE 100 funds bled £2bn in June, but who is losing out? July 22, 2024 UK large cap funds, which invest in FTSE 100 companies, saw investors pull over £2bn from them during June, as losses began to concentrate in a select few asset managers.
Barratt becomes one of the most hated shares in the UK despite Labour bounce July 9, 2024 Barratt is due to make a trading announcement tomorrow. Analysts expect operating profit to more than halve from £863m to £357m for the year, thanks to higher interest rates and inflationary pressures.
Investment trust industry urges Labour to win ‘early success’ on cost disclosure rules July 8, 2024 The investment trust sector has called for the incoming Labour government to scrap "misleading" cost disclosure rules on the sector that it says are hampering its performance.
Fintel pays Abrdn £14.6m for Threesixty amid acquisition spree July 3, 2024 SimplyBiz parent company Fintel has completed its purchase of Threesixty Services from asset manager Abrdn in the AIM-listed firm's latest acquisition.
Baillie Gifford was just the first: Climate protests are coming for asset managers June 29, 2024 The saga of Baillie Gifford has finally petered out, but the fight between City asset managers and climate protesters is only just beginning.
City row erupts against proxy advisers over executive pay June 10, 2024 Proxy voting advisers, which recommend how shareholders vote at company meetings, have often blocked votes to hike executive pay
Abrdn chairman adds to growing calls to axe the share tax June 9, 2024 The chairman of Abrdn has said that scrapping the tax on share purchases would lift the economy and boost investment in UK firms, adding to the growing calls to abolish the 0.5 per cent levy.
‘A tumultuous time’: The ups and downs of Bird’s time at the top of Abrdn May 24, 2024 While Abdrn chairman Douglas Flint praised the outgoing chief this morning for having spearheaded a fundamental reshaping of the company, analysts suggest his legacy is, at best, mixed.
‘He was a consonant force’: The five best psstk social media posts about Abrdn chief’s exit May 24, 2024 The City has given outgoing Abrdn chief Stephen Bird a vowel-stripped send off today after the fund chief announced he would be stepping down after four years at the top.
Abrdn launches succession plan as chief executive Stephen Bird steps down May 24, 2024 Asset manager Abrdn is on the hunt for a new leader after it announced today that Stephen Bird will be stepping down as chief executive.