Aberdeen Asset Management sees profits drop despite Scottish Widows boost May 6, 2014 Aberdeen Asset Management has reported a 12 per cent fall in profit before tax to £168.7m in the six months to March, against a “difficult backdrop for emerging markets”. Revenue fell two per cent to £503.5m, with underlying earnings per share dropping four per cent to 14.3p. Weaker investment sentiment have meant “exacting conditions” in emerging [...]
Aberdeen Asset Management gets the go-ahead for SWIP deal March 20, 2014 Europe's largest fund manager Aberdeen Asset Management has been given the go-ahead by regulators for the acquisition of Scottish Widows Investment Partnership (SWIP). The Financial Conduct Authority (FCA) confirmed its consent for the deal on Thursday and the acquisition is now expected to be completed following the close of business on 31 March. Martin Gilbert, [...]