Abrdn Share News (ABDN)

abrdn victim of "corporate bullying" for vowel-free rebrand - director

(Alliance News) - abdrn PLC is the victim of "corporate bullying" in the media after it scrapped vowels from its name in a heavily-criticised rebrand, according to a banking boss at the firm.

Sunday newspaper round-up: Stamp duty, Wind energy, Metro Bank

(Sharecast News) - Investment companies are calling on government to bin the stamp duty on share trading in order to revive the London stock market and the country's economy. The bosses at Abrdn, AJ Bell, Hargreaves Lansdown and Interactive Investor all told The Mail on Sunday that politicians must pledge to ditch the tax. According to Abrdn's Stephen Bird, the levy was unpatriotic and economically destructive. Removing it might be the single biggest boost to UK share ownership, he said. - The Financial Mail on Sunday

TRADING UPDATES: accesso wins Saudi deal; BP Marsh backs Devonshire

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Abrdn-run property fund to be wound down after investors reject merger

LONDON, March 27 (Reuters) - A 439-million-pound ($554 million) property fund managed by abrdn will be wound down after a proposed tie-up with a rival fund failed to get sufficient support from shareholders, the fund said in a statement on Wednesday.

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

London close: Stocks fall as US inflation tops forecasts

(Sharecast News) - London's equity markets finished in negative territory on Thursday, driven by a flurry of stocks going ex-dividend and investor reactions to the latest US producer inflation and jobless data.

LONDON BROKER RATINGS: UBS cuts abrdn price target but ups Darktrace's

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

LONDON BROKER RATINGS: Citi, Macquarie cut Virgin Money to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

UK dividends calendar - next 7 days

TRADING UPDATES: StreaksAI CEO Blows resigns, replaced by chair

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

LONDON BROKER RATINGS: Berenberg, JPMorgan raise price target for IHG

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

London close: Stocks little changed as investors look to US data

(Sharecast News) - London's equity markets closed with a subdued performance on Tuesday, after a mixed but largely flat session trend as investors exercised caution ahead of US inflation figures later in the week.

LONDON MARKET OPEN: Stocks drift higher; Smith & Nephew performs well

(Alliance News) - Stock prices in London edged higher on Tuesday, as data pointed to cooling UK inflation trends, while investors awaited US economic prints later in the week.

TOP NEWS: abrdn narrows loss, maintains payout despite more outflows

(Alliance News) - abrdn PLC on Tuesday said it nearly broke even in 2023, following a big loss in 2022, after it slashed jobs and made other costs cuts, but the beleaguered asset manager is still suffering more outflows of client money.

Abrdn FY losses narrow; transformation programme underway

(Sharecast News) - Fund manager Abrdn said on Tuesday that it has started work on its plans to cut around 500 jobs as part of a cost-reduction programme that is running ahead of targets, as it posted a narrowing of its full-year losses but warned of a hit to margins as clients shift to passive investing.