Competition regulator greenlights £11bn Standard Life-Aberdeen merger
The Competition and Markets Authority launched an initial investigation into the merger in May but has decided not follow that up with a more in-depth review
Company
LON:SL.
Standard Life merged with Aberdeen Asset Management in 2017 to become Standard Life Aberdeen PLC. In 2021 the group changed its name to Abrdn .
79 stories · page 2 of 4
The Competition and Markets Authority launched an initial investigation into the merger in May but has decided not follow that up with a more in-depth review
The FTSE 100 dropped 8.5 to close at 7,439 on the day
Meetings today should seen Standard Life’s £11bn merger with Edinburgh–based fund manager Aberdeen Asset Management ratified by shareholders
The job losses are part of plans to generate £200mln a year in cost savings should the merger get the go-ahead from shareholders next month
Investments and investor services
The emerging-markets focused fund manager said its revenues for the six months to March 31 rose by 10.6% to £534.9mln, up from £483.6mln at the same stage last year
Investments and investor services
Yesterday the FTSE 100 briefly rose above 7,400 ... today, a sub-7,300 level beckons
Archive
The UK's second largest ten-pin bowling operator, Ten Entertainment will have an initial market cap of £107.25mln when conditional trading starts in London
Archive
Week ahead: Tesco, Pagegroup, Hays, JD Sports, WH Smith ...
Inflation jumped to 2.3% in February raising the prospect of higher interest rates
Standard Life is taking on a lot of risk in its merger with Aberdeen Asset Management, according to Berenberg analysts.
Investments and investor services
Around 3.30pm, the FTSE 100 index was up almost 28 points at 7,371, just below the day’s best level of 7,376, having only hit a low of 7,342
Archive
FTSE 100 shares end lower on Tuesday ahead of the Spring Budget speech on Wednesday and as Paddy Power Betfair shares slump
The merger between Standard Life and Aberdeen Asset Management will create the UK's largest fund manager
The FTSE 100 was down 32 points to 7,342 shortly after 3.15pm on Monday
London’s FTSE 100 ended lower on Friday, dragged lower by heavyweight loser RBS after it reported a ninth straight year of losses
Archive
RBS has already had a big boost this week after the majority taxpayer-owned bank confirmed on Monday that it has shelved plans to sell its Williams & Glyn chain.
In a review of the European Insurers, the broker cut its stance on Standard Life to ‘hold’ from ‘buy’ and reduced its target price on the stock to 370p from 390p.
FTSE 100 shares managed to recover enough to close Friday firmer but volumes were held back by the half-day trading in New York following Thanksgiving holiday on Thursday
FTSE 100 shares dug themselves out of a hole to close just softer on Friday after banks recovered from heavy falls on speculative reports that troubled Deutsche Bank's US fine may be reduced
Investments and investor services
UK stocks ended flat on Wednesday as jitters ahead of the Federal reserve’s rate decision set in