Abrdn Share News (ABDN)

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.

LONDON BRIEFING: Croda profit slumps amid weak market, destocking

(Alliance News) - Stocks in London are called lower on Tuesday, following some weakness on Wall Street ahead of the week's US economic data.

Tuesday preview: US data, Abrdn in the spotlight

(Sharecast News) - Investors' focus on Tuesday will be on a raft of U.S. economic indicators that are due out.

UK earnings, trading statements calendar - next 7 days

Virgin Money to buy Abrdn's stake in joint investment business for £20m

(Sharecast News) - Virgin Money said on Wednesday that it has agreed to buy Abrdn's stake in their joint investment platform for £20m.

Virgin Money agrees to buy abrdn's stake in joint investment business

(Alliance News) - High street bank Virgin Money UK PLC has agreed to buy abrdn PLC's stake in its investment platform for GBP20 million, less than a year after it was launched to customers.

LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders

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

St James's Place shares slide as demand dims for managed funds

LONDON, Jan 25 (Reuters) - British wealth manager St. James's Place reported a sharp slowdown in inflows of client cash on Thursday, sending its shares down as much as 10% as higher interest rates and choppy markets dampened investors' appetite for managed funds.

LONDON BROKER RATINGS: JPMorgan raises Admiral Group to 'neutral'

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

LONDON MARKET CLOSE: PMI data and China bank measures boost stocks

(Alliance News) - Stock prices in London closed up on Wednesday amid a host of strong PMI data from around the world, while bank measures in China boosted blue-chip miners.

London close: Stocks rise on positive news from China

(Sharecast News) - London markets finished with a positive performance on Wednesday, driven by gains in the mining sector following China's announcement of an upcoming reduction in the reserve requirement ratio for banks.