Page 11 - Abrdn News Today

By Elena Vardon Abrdn posted a narrower pretax loss for the first half of 2023 as it reported higher-than-expected net outflows and extended its share...

RNS Announcements relating to Abrdn . All announcements from sources including RNS,PRN,BZW,NLK,CCN,CIS,HUG,AFX,TNS

The struggling China economy and results from Glencore, Abrdn and hotels group IHG are in focus for London traders today. China’s imports fell 12.4% year-on-year in July, much worse than the 5% forecast amid the weakening of domestic demand. The trade figures put pressure on Glencore shares in the FTSE 100 index after the commodities giant reported lower half-year earnings.

By Elena Vardon Abrdn posted a narrower pretax loss for the first half of 2023 as it reported higher-than-expected net outflows and extended its share...

Abrdn shares slumped on Tuesday as it reported a drop in assets under management in challenging market conditions and announced a doubling of its share buyback programme.

The FTSE 100-listed firm said 2023 was shaping up to be equally as challenging as ‘one of the hardest investing years in living memory’.

Profits across abrdn’s investment arm have fallen 66% over the first half of 2023 while heavy redemptions continue to weigh on AUM

Abrdn has recorded outflows of £600m across its advice offerings for the first half of 2023, new figures show.

UBS Group cut shares of abrdn (OTCMKTS:SLFPF – Free Report) from a neutral rating to a sell rating in a research report released on Wednesday, FlyOnTheWall reports. Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of abrdn from GBX 215 ($2.76) to GBX […]

Sustainable fixed income funds experienced outflows in the first half of 2023 despite the popularity of their conventional peers.