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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Standard Life Aberdeen Plc | SLA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 274.10 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 274.10 | 274.10 |
| Top Posts |
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Posted at 09/11/2021 09:08 by davebowler This is just an attempt by Aberdn to regain its lost vowels.....htTPs://c |
Posted at 08/11/2021 08:39 by spud TOP NEWS: abrdn confirms talks to acquire interactive investorSource: Alliance Newsmanager abrdn PLC confirmed Monday it is in discussions with JC Flowers & Co for a potential acquisition of online retail investment platform.spud |
Posted at 08/11/2021 08:00 by linton5 Jeeez not again I started with Stocktrade bought over by Allied trust then bought over by interactive investor now this lol. |
Posted at 07/11/2021 14:55 by peterbill Abrdn is in talks to take over the online stockbroker Interactive Investor in a move that will give the FTSE 100 fund manager greater direct access to consumers and expand its digital capabilities. - Sunday Times |
Posted at 28/10/2021 14:33 by spud Abrdn’s Bird swoops on Finimize as industry’s digital shift acceleratesThe £532bn asset management group is close to acquiring Finimize, a subscription-based investment information platform, Sky News learns. Mark Kleinman - City editor City editor @MarkKleinmanSky Thursday 28 October 2021 10:08, UK Stephen Bird, chief executive, Standard Life Aberdeen/Abrdn Pic: Standard Life Aberdeen Attempts by one of Britain's biggest asset managers to exploit the industry's accelerating digital revolution will be underlined in the coming days when it swoops to buy Finimize, an investment information platform. Sky News has learnt that Abrdn, run by Stephen Bird, is in advanced talks to buy Finimize, which charges tens of thousands of people a £60 annual subscription for investment tips. One source said a deal could be signed and announced as early as this week. The price that Abrdn had agreed to pay for Finimize was unclear on Wednesday evening. For Mr Bird, the acquisition will reinforce his ambition of building a simplified and more focused investment management group with far stronger digital capabilities for personal and institutional clients. Since taking the helm of the company, which manages more than £530bn for clients, he has jettisoned businesses including Parmenion, a platform servicing independent financial advisers, and a real estate division in the Nordics. He said in August that rebranding the company from its previous name, Standard Life Aberdeen, would provide "clarity" and leave it "better-positioned to have impact at scale as a global business". Investors were left underwhelmed by the 2017 merger of Standard Life and Aberdeen Asset Management, with the combined group having lost close to half its value since the £11bn tie-up was announced earlier that year. Abrdn's purchase of Finimize is expected to land a handsome windfall for Max Roufagha, the target's chief executive. In total, its daily newsletter has more than 1m subscribers, and one source said it would continue to operate independently under Abrdn's ownership. On Wednesday, Abrdn shares closed at 258.9p, giving the company a market capitalisation of just under £5.7bn. Abrdn, which is being advised by Goldman Sachs on the deal, declined to comment. spud |
Posted at 05/10/2021 10:18 by spud Is Abrdn one of the best dividend stocks to buy?Royston Wild | Monday, 4th October, 2021 | More on: ABDN The September stock market crash took few prisoners and the Abrdn (LSE: ABDN) share price slumped 6% over the course of the month. It even dropped to its cheapest since November 2020 at one point. At 250p per share, the FTSE 100 firm’s now up just 4% on a 12-month basis. Does recent weakness represent a terrific dip buying opportunity for long-term investors like me? And is Abrdn one of the best dividend stocks for me to buy in particular? Well Abrdn certainly packs plenty of punch when it comes to dividend yields. City analysts think the asset manager will match 2020’s total annual payout of 14.6p per share in both 2021 and 2022. This results in a yield of 5.8%, one which smashes the broader FTSE 100 average of 3.5%. Restructuring progress Of course, there’s more than just yield to think about when considering which are the best income stocks to buy. Firstly, there’s a company’s profits outlook to think about. And there’s plenty going on on this front at Abrdn. The business was created from the 2017 merger of Standard Life and Aberdeen Asset Management. And it’s embarked on an aggressive programme of asset shedding to streamline its operations and focus more effectively on the asset management sector alone. This includes the sale of its Standard Life brands to Phoenix in February and divestment of its Parmenion private equity brand. Abrdn also hopes the sale of non-core assets will bolster its long-term programme of cost reduction to give earnings an extra bump. The business reported a cost-to-income ratio of 79% between January and June, down 6% year-on-year. It hopes to pull the ratio to 70% by the end of 2023. Is Abrdn a risk too far? That being said, there are several reasons I think Abrdn might not be one of the best dividend stocks to buy. Firstly, that predicted 14.6p per share dividend for this year isn’t built on particularly strong foundations. In fact, those projected payouts are higher than analysts think earnings will come in at for both years. And Abrdn doesn’t have the financial clout of some of its rivals like Legal & General to paper over these cracks and meet those dividend projections. City analysts expect earnings at Abrdn to fall 88% in 2021 before rebounding 8% next year. But the level of fund outflows, while moderating more recently, remain substantial enough to cause me worry. Outflows clocked in at £5.6bn in the first half, suggesting investor confidence in the asset manager is still wafer-thin following the loss of a major contract with Lloyds a few years back. The fact that Abrdn operates in a hugely-competitive marketplace isn’t helping its cause either. And I think its recent decision to rebrand could backfire spectacularly. By ditching the Standard Life moniker, the company’s thrown away a brand that’s been trusted by customers since the early 1800s. This is particularly risky for businesses that exists to protect people’s money. All things considered I think there are better dividend stocks for me to buy right now. spud |
Posted at 27/9/2021 14:37 by spud abrdn announces launch of new industrial metals ETF and launches new brand in the Americas marketPHILADELPHIA, Sept. 27, 2021 /PRNewswire/ -- abrdn is building on its range of commodities ETFs with the launch of a new fund that will track an index of industrial metal prices. The abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Industrial Metals Total Return SubindexSM. The Index consists of four commodities futures contracts with respect to aluminum, copper, nickel and zinc. abrdn head of ETFs Steve Dunn comments: "The world is at the early stages of a huge energy transition away from fossil fuels into more sustainable sources. Almost every renewable energy system uses large amounts of industrial metals, including electric vehicles, wind turbines, solar panels, grid level batteries and carbon capture systems. That huge, long term structural demand will drive significant new demand for industrial metals, a trend that this ETF opens investors up to." It is the first product to be launched in the US under the new abrdn brand and forms part of the region's growth plans. Those growth plans are centered on growing in the client solutions, passive alternatives, private markets and specialty equity spaces; while continuing to distribute a focussed range of products manufactured outside the region, and generating high quality investment research on Americas markets for products managed elsewhere in the company's network. The new product will join the trend of 'K-1 Free' commodities ETFs, which do not issue K-1 tax forms that have historically disincentivized clients from investing in the space. abrdn was amongst the pioneers of this trend, with abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) The launch also comes after a period of significant growth for abrdn's ETF franchise which has gone from managing around $3bn on behalf of clients three years ago to $6.9bn as of September 2021. Three of the five previous metal ETFs in the range have crossed the $1bn asset under management milestone. Commenting on the region's growth strategy, CEO for Americas Chris Demetriou, commented: "I'm pleased that we're launching this new product at a time when demand for industrial metals is only set to grow and investors are looking for non-correlated investments to act as a hedge against inflation and other market risks. Our strategy in the region revolves in part around competing in those areas where our experience and expertise gives us an advantage. This extension to our commodities franchise reflects that strategy. Our ETF AUM has more than doubled in the last three years to reach nearly $7bn today." spud |
Posted at 17/8/2021 10:59 by spud Abrdn Euro Residential Property Fund Tops €1bnPOSTED BY: MARK MCSHERRY AUGUST 16, 2021 Aberdeen Standard Investments’ Pan-European Residential Property Fund (ASPER) said on Monday it has exceeded €1 billion of committed equity. ASPER is an open-ended fund designed for institutional investors, which aims to deliver income and capital growth by investing in large, high quality, sustainably constructed, purpose built residential blocks in “triple A” locations — that provide accessibility, amenity and affordability for the occupier. The ASPER fund passed the €1 billion landmark three years after being launched at the end of Q1 2018. Having attracted sizeable commitments from international investors, the fund has secured over 40 modern and sustainable residential properties in nine countries across western Europe. Acquisitions within the fund represent close to 5,000 residential apartment units. On completion of existing developments, the portfolio value will be close to €1.6 billion. Aberdeen Standard Investments, currently changing its name to abrdn, one of Europe’s largest real estate investment managers, managing €48.6 billion of real estate assets across UK, Europe and Asia, with offices in Edinburgh, London, Frankfurt, Paris, Stockholm, Copenhagen, Amsterdam, Hong Kong, Singapore and Boston. abrdn manages £456.6 billion of total assets worldwide. Marc Pamin, fund manager of Aberdeen Standard Pan-European Residential Property Fund, said: “We are delighted to achieve this landmark only three years after launching the fund. “The quality of the portfolio and the secured pipeline represents real diversification opportunities for investors and we are keen to build upon this in the future. “Demand for residential real estate across Europe’s major cities is increasing exponentially. “The sector is rising to the challenge of developing a new kind of post-pandemic living space to meet the changing needs of a growing population. “We believe this represents great opportunities for investors.” spud |
Posted at 09/8/2021 15:42 by spud Will Abrdn be successful in cutting costs as well as vowels?Tuesday will see the market given another chance to get used to Abrdn PLC, the slightly odd and difficult to pronounce name for the company previously known as Standard Life Aberdeen until last month. The FTSE 100-listed company is “on a mission to turn around a business that has been exceptionally unexceptional for some time”, according to Nicholas Hyett, an equity analyst at Hargreaves Lansdown. “The group, now overwhelmingly focussed on fund management, is looking to cut costs while improving investment performance and expanding its distribution network. If it can do all three – charging fees on more money, for more clients, and on a lower cost base - it would be a heady mix for profits – unfortunately it’s also a familiar playbook for any asset manager and not one that always delivers,” Hyett cautioned. “We’re only in the very early days of the new strategy, and tangible progress next week is likely to be minimal. That won’t stop analysts scrutinising management comments closely – the group has work to do to convince investors it deserves the benefit of the doubt after years of lacklustre results,” he suggested. The market is expecting that net outflows in the first half will be around £2.1bn. spud |
Posted at 05/7/2021 10:07 by spud More WOKE Waffle:abrdn PLC Change of Company Name RNS Number : 0817E abrdn PLC 05 July 2021 abrdn plc Change of Company name abrdn plc marks name change with announcement of major new charity partnership with Hello World including GBP1m donation to support access to education for 80,000 children and adults in disconnected communities abrdn plc ("the Company") announces that Standard Life Aberdeen plc has now been renamed abrdn plc. The Company ticker will be changed from SLA to ABDN with effect from 8.00am today. Today marks a key milestone as the Company delivers on its strategy. The new brand symbolises the transition underway to bring a clarity of focus, renewed sense of purpose and drive for sustainable growth for shareholders, clients and colleagues. Simplifying the business, coming together under one single brand is a key enabler to drive future growth. The Company's client-led growth strategy is backed by a simplified structure focused on three core growth vectors; Investments, Adviser and Personal. In the coming months all of the Company's client and customer propositions will rebrand to the new name - abrdn. abrdn plc also today announces a major new charity partnership with Hello World, a digital education charity that offers a practical, affordable and scalable solution to the global education deficit. Education is currently inaccessible to over 258 million children and 40% of the global population has no access to the internet. Hello World partners with communities to build Hello Hubs, solar powered and wi-fi enabled computer hubs, fitted with eight screens loaded with world-class educational content so that children can learn, access digital educational resources and improve their future by connecting globally. abrdn's partnership with Hello World will fund communities to build 64 new Hello Hubs over two years, providing life-changing opportunities and education to approximately 80,000 children and adults in disconnected communities. . Stephen Bird, CEO of abrdn plc, said: "I'm very excited to have reached this milestone. abrdn is so much more than a new name, it's about our business coming together under a single global brand with a determined focus on enabling our clients and customers to be better investors". "Acting with courage and conviction, being optimistic about the future and building powerful partnerships are all important attributes of the brand we are creating. That's why I'm delighted that today we can also announce our partnership with Hello World - a charity that, like us, is solving the problems of today and tomorrow with innovative thinking, sustainable values and a futurist approach. Personally, I'm passionate about education and digital skills - and for me this partnership is a perfect fit with what abrdn stands for." Katrin McMillan, CEO and Founder of Hello World, added: "We are delighted to be working with abrdn. Our collaboration will have an enormous impact on the work we do and will immeasurably improve the lives of the communities we support. To partner with a business and a team so closely aligned with our approach and values is an especial bonus." "Even before Covid-19 hit, 258 million children were out of school, equivalent to 1-in-5 globally. This figure rose to 800 million children during the pandemic. We work with communities in Uganda and Nepal to enable them to build their own digital solar-powered hubs, loaded with education software and connected to the internet. Our Hello Hubs are a practical and affordable solution to the global education deficit and, with the support of abrdn, we will now be able to expand our programme and work with many more communities." spud |
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