Aberdeen Asset Management in new fundraising June 15, 2015 Aberdeen Asset Management has raised £100m from one of its largest investors to strengthen its balance sheet and to seed new fund launches. The shares will be issued to Japan’s, Mitsubishi UFJ Trust and Banking Corporation (MUTB) which has a stake of 17 per cent in the fund manager. The preference shares will count towards [...]
General Election 2015: Aberdeen Asset Management boss Martin Gilbert calls for speedy coalition talks May 5, 2015 Aberdeen Asset Management boss Martin Gilbert said party leaders should move fast to form a government if tomorrow’s General Election results in a hung parliament. “The longer it takes, the worse it’s going to be,” Gilbert said yesterday. “Markets don’t like uncertainty.” The FTSE has brushed off fears of political instability in recent weeks with [...]
Great Portland Estates and Aberdeen Asset Management sell £222m Wigmore Street office block April 27, 2015 Great Portland Estates and Aberdeen Asset Management have sold a huge office scheme at 95 Wigmore Street in London’s West End for £222.4m. The Wigmore Partnership, the companies’ joint venture, said yesterday that UBS Global Asset Management’s real estate business has bought 95 Wigmore Street near Bond Street station. The 98,800 square feet office block [...]
Mentoring critical to having more FTSE female board members, say women on boards March 24, 2015 As a government report points to a more than doubling of women on FTSE boards, three women give the lowdown on life in the boardroom, and how more women can get there. Anne Richards Anne Richards had “wandered through life not really worrying about the gender mix of a board”. However, the chief investment officer [...]
Budget 2015: Personal finance groups including Hargreaves Lansdown, St James’ Place and Rathbone’s share price boosted by “saving revolution” Budget March 18, 2015 Personal finance groups were treated to a share price boost this afternoon, after George Osborne unveiled “a saving revolution”. Bristol-based IFA Hargreaves Lansdown led the pack, up 4.8 per cent at pixel time. St James' Place also jumped on the announcements, up 3.5 per cent. Rathbone Brothers's share price was up two per cent, while [...]
Aberdeen Asset Management share price hit by dip in emerging market appetite February 3, 2015 Volatility and a decline in investor sentiment for emerging market assets ensured Aberdeen Asset Management saw a decline in its portfolio during the three months ending 31 December. The quarterly results were particularly impacted by market conditions during December, which offset the positive inflows in equities seen during the preceding two months. A declining [...]
Aberdeen Asset Management chief executive Martin Gilbert cashes in December 4, 2014 Aberdeen Asset Management executive directors including chief executive Martin Gilbert and deputy chief executive Andrew Laing have cashed in on the company's highest share price in six months by selling off just over three million shares. Gilbert's sale of 1.3m shares at 461p netted him just over £6m, although he still holds £24m of shares. [...]
Aberdeen Asset beats forecasts for year’s profit December 1, 2014 BRITISH investment manager Aberdeen Asset Management yesterday reported better-than-expected profits for the financial year ended 30 September, despite seeing heavy outflows from emerging markets. The Scottish asset manager recorded a two per cent increase in underlying pre-tax profit to £490.3m. The figure was generally above analysts’ expectations, with Canaccord Genuity forecasting £480m. Net revenue was [...]
Aberdeen Asset Management profits edge up after Scottish Widows acquisition December 1, 2014 Aberdeen Asset Management (AAM) posted slightly higher profits as it said it had weathered a "volatile" year. Figures for the year to the end of September showed underlying profit before tax of £490.3m, up from £482.7m last year. Statutory profit before tax fell from £390.3m last year to £354.6m, partly because of the purchase of [...]
Aberdeen Asset Management share price hit by outflows after client pulls £4bn July 28, 2014 Europe’s biggest independent fund manager Aberdeen Asset Management fell more than five per cent in trading yesterday after it reported a small dip in the amount of cash it managed for customers. Aberdeen, head by chief executive Martin Gilbert, said one institutional customer pulled £4.2bn on their own from the group’s equity products, driving the [...]