Edinburgh-based investment giant Abrdn plc announced the completion of the second £150 million phase of its £300 million share repurchase programme undertaken during 2022.

“Over the course of this programme, c179m shares have been acquired,” said Abrdn

“The company’s capital resources are strong which will enable us to continue to invest in the business, support the dividend policy and return capital to shareholders.

“With our disciplined approach to allocating capital to deliver shareholder returns, we will continue to return capital in excess of business needs as further stake sales are realised.”