Agree Dave, and getting closer to that five quid !
21 Nov '13
Aberdeen Asset Management seem to be doing particularly well at the moment so fingers crossed this performance continues
19 Nov '13
The recent agreement will boost the fund manager’s assets from £200bn to £336bn and cement its position as a serious challenger to its larger US rivals, such as BlackRock. In the process, Aberdeen will overtake Schroders as Europe’s largest listed standalone fund manager.
30 Oct '13
ADN loses Court Battle
Investment manager Aberdeen Asset Management has lost a court battle over the closure of an offshore scheme it used to shield employees' bonuses from tax, as Britain cracks down on tax avoidance. The Scottish Court of Session told Aberdeen to shut its Employee Benefit Trust (EBT), which saved senior staff 7 million pounds ($11 million) in income tax and National Insurance contributions due on 31 million pounds of bonuses paid between 2000 and 2003. The decision ends several years of dispute between the asset manager and HM Revenue and Customs (HMRC) over the legitimacy of the scheme, which was banned in 2003. Aberdeen is one of Britain's largest independent asset managers, with 202 billion pounds of assets at Aug. 31, according to the company's web site. HMRC had argued that Pay As You Earn (PAYE) tax and National Insurance should be paid on the bonuses, which were converted into shares under the complex trust. A First Tier tax tribunal blocked the EBT in 2010, prompting Aberdeen to launch a successful appeal to overturn the ruling in the Upper Tribunal a year later. In a subsequent appeal against that decision, three Scottish judges ruled last week in favour of HMRC and reinstated the 2010 decision. "We are disappointed that the court's decision has gone against us, but we welcome the fact that we can now draw a line under this issue," an Aberdeen spokesman said on Monday. "All amounts assessed by HMRC have previously been paid and the decision has no further financial impact on the group." Exchequer Secretary to the Treasury David Gauke, who is the minister responsible for HMRC, said he hoped the court's decision would discourage other companies from using tax avoidance schemes. "The government has made almost 1 billion pounds available to HMRC to tackle avoidance and evasion and to ensure that the minority who try to avoid their responsibilities pay the tax due," he said. HMRC has so far recovered 671 million pounds from over 600 companies which have settled their liabilities using the EBT Settlement Opportunity launched in April 2011.___LONDON, Oct 30 (Reuters) -
24 Oct '13
Makes you wonder ....
Some jump eh Guys ! The RNS offers great news and City suits working together, no doubt. Five quid on the cards wouldn't be a suprise.
24 Oct '13
More big buys ......
Two more buys totaling nearly £2m. I take it the institutions are expecting this share price to keep heading North.
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