Abrdn Share News (ABDN)

LONDON MARKET OPEN: Stocks head higher; miners lead gains for FTSE

(Alliance News) - Stock prices in London opened higher on Wednesday, with large-cap miners outperforming on news of stimulus measures from China.

LONDON BRIEFING: abrdn to cut 100 jobs; Rio Tinto plane crash

(Alliance News) - Stocks in London are expected to open higher on Wednesday, following a largely positive performance in New York.

Abrdn unveils 500 job cuts in new cost-saving plan

(Sharecast News) - Asset manager Abrdn announced it is cutting 500 roles across the group as part of a new cost-cutting initiative to save £150m by the end of 2025, as it reported net outflows of over £12m in the second half.

UK earnings, trading statements calendar - next 7 days

PRESS: abrdn to cut 10% of workforce amid fund outflows - Sky News

(Alliance News) - abrdn PLC plans to cut "hundreds" of jobs from its workforce, Sky News reported on Tuesday.

Abrdn planning to axe hundreds of jobs in cost-cutting drive - report

(Sharecast News) - Fund manager Abrdn is reportedly preparing to axe hundreds of jobs in a cost-cutting drive aimed at boosting its flagging performance.

LONDON BROKER RATINGS: BofA cuts Ashtead; UBS likes 3i Group

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

LONDON BROKER RATINGS: SocGen cuts Centrica; Barclays raises Trainline

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

Raw Charging launches rapid charging hub for UK Commercial Property

(Alliance News) - Raw Charging Group Ltd on Thursday said that it launches an ultra rapid charging hub at two sites for UK Commercial Property REIT Ltd.

LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed

(Alliance News) - London's FTSE 100 spent most of the day solidly in the green, and the CAC 40 in Paris spiked to a record high, though Tuesday's rally waned and signs of caution emerged again ahead of a trio of central bank decisions.

UPDATE: AJ Bell cuts prices and increases rates after UK FCA warning

(Alliance News) - AJ Bell PLC said on Tuesday that it will be enacting a package of pricing changes, which it believes will benefit customers by "around GBP14 million" a year, hours after a warning from the UK Financial Conduct Authority.

LONDON MARKET MIDDAY: FTSE 100 up as investors shake off US CPI nerves

(Alliance News) - The FTSE 100 in London were higher at midday Tuesday, despite investors cautiously eyeing a trio of interest rate decisions, as well as a US inflation reading on Tuesday afternoon.

UPDATE: Investment platform shares hit by UK FCA customer cash warning

(Alliance News) - Shares in London-listed investment platforms suffered losses early Tuesday, after the UK Financial Conduct Authority set out concerns on the treatment of retained interest on customers' cash balances.

IN BRIEF: Picton Property still for merger with UK Commercial Property

Picton Property Income Ltd - UK commercial property-focused real estate investment trust - Still vouches for merger with UK Commercial Property REIT, despite the latter's largest shareholder not supporting a merger which lead to discussions between the two companies being terminated in November. UK Commercial's largest shareholder Phoenix Life Ltd has a holding of about 43% in UK Commercial Property. Phoenix does not support the deal "on the terms proposed", both companies said last month. Picton Property says on Tuesday it "continues to believe that there are strategic and financial benefits to combining complementary businesses to enhance scale, diversification and efficiency within an internal management structure. Picton will continue to be proactive in pursuing opportunities that would add value for shareholders and build on the company's long-term track record of outperformance against the MSCI UK Quarterly Property Index since its launch in 2005. FTSE 250-listed UK Commercial Property is managed by abrdn PLC.

LONDON BROKER RATINGS: Citi and Peel up B&M; JPMorgan cuts 888

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