Abrdn Property Income chair blasts ‘misleading’ comments in bidding war March 21, 2024 Urban Logistics REIT has backed down from its bidding war over Abrdn Property Income trust after failing to make a formal offer for the real estate investment trust. Less than an hour before the 5pm deadline yesterday set out by the UK takeover code, the trust announced that it would not be proceeding with an [...]
Trusts slam £7bn cost of EU regulations the regulator could have already ditched March 17, 2024 A joint letter blasted the UK's "flawed" approach to representing investment trusts (Photo by Mike Kemp/In Pictures via Getty Images)
Abrdn: Investment trust cost disclosure reform ‘at risk of stalling’ March 13, 2024 Reforms around the cost disclosure of investment trust that the sector has been clamouring for are "at risk of stalling", Abrdn has warned.
Abrdn hands chief £800k bonus as profits dip and clients pull £13.9bn February 27, 2024 Fund manager Abrdn has handed chief executive Stephen Bird a near £800k bonus despite clients pulling out even more funds, leading to a dip in annual profits.
What is going on at Abrdn? A rundown of the company’s troubles February 14, 2024 Investment firm Abrdn has been the victim of multiple bad headlines over the last few months. When will it stop for CEO Stephen Bird?
Abrdn confirms 500 jobs to be cut as part of £150m saving plan January 24, 2024 Abrdn is set to cut 500 jobs as part of a new £150m profit saving programme, as the firm suffered £12.4bn in outflows in the second half of last year, it revealed in a trading statement today.
Abrdn begins cost-cutting push with job losses: Reports January 23, 2024 Asset manager Abrdn is set to cut hundreds of its job as it continues its cost-cutting effort, according to reports.
Chancellor meets with City grandees over London’s listings crisis January 9, 2024 Chancellor Jeremy Hunt held talks with top City chiefs on Tuesday as part of the government's efforts to attract more listings to the London Stock Exchange.
Abrdn chief reportedly wanted to sell struggling £368bn investment arm November 20, 2023 Abrdn’s chief executive, Stephen Bird, wanted to sell the company’s troubled investment management division last June, according to Financial News.
Abrdn offloads private equity arm for £60m as Bird’s ‘reshaping’ drive accelerates October 16, 2023 Abrdn has offloaded its European private equity business to a Nasdaq-listed investor for £60m today as bosses press ahead with plans to slim down and simplify the business globally.