Abrdn plc announced that Catherine Bradley will not seek re-election at the company’s Annual General Meeting on April 24, 2024, and will stand down as…

Abrdn-owned platform Interactive Investor (ii) has written a ‘Dear CEO’ letter to FTSE 100 company chairs and the UK’s 20 most-held investment trusts on the…

Latest data from Abrdn-owned Interactive Investor (ii), the UK’s second-largest investment platform for private investors, shows a significant jump in voting on AGM shareholder resolutions in…

Edinburgh-based investment giant Abrdn has completed its £1.49 billion cash acquisition of Manchester-based Interactive Investor (ii), the UK’s second largest investment platform for private investors. Abrdn said…

Abrdn-owned investment platform Interactive Investor said it has hired Santander executive Saj Arshad as Chief Commercial Officer. “Saj brings a strong track record of driving business…

Abrdn’s investment platform Interactive Investor announced that the number of customers investing through its “regular investing” service rose by 19% in the first quarter of the…

Abrdn-owned investment platform Interactive Investor has agreed a TV and digital sponsorship deal with Sky Media in the UK. “The partnership will feature Interactive Investor around…

Edinburgh-based investment giant Abrdn announced on Tuesday afternoon that 80% of its shareholders approved the resolution put to its General Meeting to acquire Manchester-based investment…

Edinburgh-based investment giant Abrdn announced plans on Thursday to acquire Manchester-based investment platform Interactive Investor for £1.49 billion in cash. Interactive Investor is a subscription-based platform within…

Edinburgh-based investment giant Abrdn has confirmed it is in talks to buy Manchester-based online broker Interactive Investor, with analysts speculating the price could reach £1.5 billion….

Analysts at London stockbroker and corporate adviser Numis have urged Abrdn shareholders to “carefully consider how they vote” at the March 15 meeting to approve…

Edinburgh-based investment giant Abrdn said on Wednesday its assets under management and administration (AUMA) at December 31, 2021, increased to £542 billion, compared with £535…

Edinburgh investment giant Abrdn has announced it will sell 40 million of its 144 million shares in life and pensions consolidator Phoenix Group Holdings plc to institutional…

The CEOs of AJ Bell, Hargreaves Lansdown and Interactive Investor have joined forces to demand greater access for retail investors to Initial Public Offerings (IPOs)…

Edinburgh-based investment giant Abrdn said its first-quarter assets under management and administration (AUMA) rose 3.7% to £507.7 billion at March 31, 2024. Abrdn said its performance benefited…

Abrdn CEO Stephen Bird has said that breaking up the Edinburgh investment giant — a move that some analysts have called for — would be…

Edinburgh-based investment giant Abrdn plc announced its 2023 results on Tuesday, saying its work to achieve at least £150 million of annualised cost savings “is now…

NatWest Group plc — formerly known as Royal Bank of Scotland — said its operating profit before tax rose 20% to £6.2 billion in 2023…

The UK’s gross domestic product (GDP) fell 0.3% in the fourth quarter, more than the 0.1% drop that economists had forecast, according to latest statistics from the…

Edinburgh investment giant Abrdn plc confirmed on Wednesday it will axe 500 jobs as part of a “new transformation programme targeting an annualised cost reduction…

Edinburgh-based investment giant Abrdn is planning to axe hundreds of jobs as part of a move to cut about £150 million in costs. Sources said Abrdn…

Edinburgh investment group Abrdn has confirmed media reports that it has slashed employee benefits as part of a fresh round of cost cuts. The cuts include…

Abrdn CEO Stephen Bird had “a personal preference” to sell the firm’s £368 billion investment management business after completing its acquisition of Interactive Investor last…

Inflation in the UK slowed by more than expected in October as household energy prices fell and services sector price growth also eased. Annual consumer price…

Shares of NatWest – formerly called RBS – fell as much as 18% on Friday after a profit downgrade in its third quarter results and further…

Index compiler FTSE Russell confirmed late on Wednesday that Edinburgh investment giant Abrdn will be demoted from the FTSE 100 following a drop in its…

Index compiler FTSE Russell has confirmed that Edinburgh investment giant Abrdn is facing demotion from the FTSE 100 following a drop in its share price…

The UK’s public sector net borrowing excluding public sector banks (PSNB ex) in the financial year to July 2023 was £56.6 billion, £13.7 billion more…

Edinburgh investment giant Abrdn has started to give staff access to an in-house version of ChatGPT as the FTSE 100 asset manager looks to adopt…

Abrdn, the Edinburgh investment giant, said on Tuesday its assets under management and administration slipped 1% to £496 billion in the first half of 2023 as…

The UK’s central bank on Thursday raised its key interest rate by a quarter of a percentage point to a 15-year high of 5.25% — and…

NatWest Group chairman Howard Davies said on Friday that said political pressure prompted the ousting of chief executive Alison Rose following revelations that she discussed with…

The UK’s central bank, the Bank of England, raised its key interest rate by 0.25% to 4.5% on Thursday, its 12th consecutive rate rise. The…

Shares of NatWest Group, formerly known as RBS, fell as much as 6% on Friday after it announced its first quarter pretax operating profit soared 49% to £1.8…

By Mark McSherry The UK’s public sector net debt (PSND ex) at the end of March 2023 was £2.53 trillion — around 99.6% of GDP,…

Consumer price inflation (CPI) in the UK dropped only slightly in March to an annual rate of 10.1%, the Office for National Statistics (ONS) said…

Shares of A.G. Barr fell as much as 4% on Tuesday after the firm said adjusted profit before tax rose 13.3% to £43.5 million in year…

The UK central bank raised its benchmark lending rate on Thursday by a quarter point to 4.25%, the highest since 2008, and left the door…

By Mark McSherry Global financial shares lost about $465 billion in stock market value in two days as investors cut exposure to lenders following Silicon…

As HSBC Holdings plc announced that its UK ring-fenced subsidiary HSBC UK Bank plc will acquire Silicon Valley Bank UK Limited (SVB UK) for £1,…

Abrdn plc said it has agreed to sell Abrdn Capital, its discretionary fund management (DFM) business, to Liechtenstein-based private bank LGT for about £140 million….

Lloyds Banking Group plc — owner of Bank of Scotland, Scottish Widows and Halifax — on Wednesday announced a share buyback of up to a…

NatWest Group — formerly known as RBS — said its operating profit before tax rose 33% to £5.1 billion in 2022 as its total income rose…

UK inflation fell more sharply than expected in November after hitting a 41-year high high in October. The annual rate of consumer price inflation (CPI)…

Abrdn CEO Stephen Bird has responded to allegations that he has an aggressive management style. “What you see is what you get from me,” said Bird…

Shares of NatWest Group fell as much as 9% on Friday after the bank, formerly known as RBS, warned of rising costs and as its third-quarter results…

Sterling rallied on Thursday as Liz Truss said she would resign as UK prime minister after 44 days of chaos. The UK pound was up…

The British pound and UK government bonds rose on Monday after new finance minister Jeremy Hunt scrapped Prime Minister Liz Truss’s economic plan — reversing…

By Mark McSherry UK prime minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday — and scrapped parts of their economic package that…

The Bank of England, the UK’s central bank, announced on Tuesday that it will “widen the scope” of its daily gilt purchase operations to include…

UK finance minister Kwasi Kwarteng has scrapped his plan to cut taxes for high earners following the brutal backlash from global financial markets. “We get…

By Mark McSherry — The UK central bank announced on Wednesday morning it will “carry out temporary purchases of long-dated UK government bonds from 28 September”…

Attempts by the UK central bank and Treasury on Monday to steady the pound failed to reassure markets — as sterling fell to record lows and…

The UK’s central bank raised its key interest rate to 2.25% from 1.75% on Thursday and said it will continue to “respond forcefully, as necessary” to…

Edinburgh investment giant Abrdn is considering a plan to return up to £500 million to shareholders to placate investors following its relegation from the FTSE…

The British pound fell on Friday to a fresh 37-year low on the US dollar — and a 17-month low on the euro — as…

Edinburgh-based investment giant Abrdn announced it sold another chunk of its shareholding in HDFC Life Insurance Company in India. It said its Abrdn (Mauritius Holdings) 2006 Limited…

New UK prime minister Liz Truss has announced an estimated £150 billion plan to protect the British public from soaring energy prices for two years. However,…

Index compiler FTSE Russell confirmed on Wednesday that Edinburgh-based investment giant Abrdn will drop out of the FTSE 100 index as a result of its…

Edinburgh-based investment giant Abrdn may be demoted from the FTSE 100 index at the next quarterly review, according to indicative results announced by index compiler…

Edinburgh-based investment giant Abrdn announced it sold another 6% of HDFC Asset Management Company Limited (HDFC AMC) in India to raise £225 million. The Edinburgh firm…

Shares of Edinburgh-based investment giant Abrdn fell about 7% on Tuesday after it published first-half results showing its assets under management and administration (AUMA) fell £34…

Shares of NatWest Group, formerly the Royal Bank of Scotland Group, rose as much as 9% on Friday after it announced it would pay an…

Edinburgh-based investment giant Abrdn has announced a change in leadership of its “Personal Vector” business as Caroline Connellan steps down from her role at the end…

Edinburgh-based investment giant Abrdn is preparing to sell its private equity business as part of the current streamlining process taking place under CEO Stephen Bird, according…

The UK’s central bank raised interest rates for a fifth straight meeting on Thursday and sent a strong message it is prepared to make larger…

Scottish Mortgage Investment Trust once again retained its title as the most-popular investment trust among Interactive Investor customers in May, despite the fund’s high-flying share price…

By Mark McSherry Scottish Mortgage Investment Trust has admitted it made a “mistake” in reducing its holdings of western online platform companies rather than their…

UK inflation surged in April to its highest annual rate since 1982, increasing the pressure on finance minister Rishi Sunak to help households facing a…

Baillie Gifford’s Scottish Mortgage Investment Trust has lost its position as the largest UK investment trust by stock market value amid the brutal sell-off in…