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Personal Finance

More than half of over-40s feel anxious about retiring, survey suggests

More than half (54%) of over-40s feel anxious about retiring, a survey has found. Despite being potentially decades away from retirement, six in 10 (61%) of 40 to 44-year-olds said they feel anxious about it, asset manager abrdn found. The ...

17 Aug 2022 at 01:01

City

Aviva reveals plans to sell off Russian equity investments

Insurance giant Aviva has become the latest fund manager to slash its exposure to Russia as it revealed plans to sell off its Russian equity investments in response to the crisis in Ukraine. The group’s chief executive, Amanda Blanc, said ...

02 Mar 2022 at 10:55

Personal Finance

Two-thirds of those starting retirement in 2022 ‘plan to continue working’

Two-thirds (66%) of people starting their retirement this year do not expect to give up work completely as living costs surge, according to a survey. This compares with just over half (56%) of those who retired last year and a third ...

30 Mar 2022 at 01:25

City

Fund manager Abrdn drops from FTSE 100 in reshuffle

Fund management giant Abrdn and home improvements firm Howden Joinery have been relegated from the FTSE 100 index of London’s biggest listed companies. It comes as the FTSE Russell Group confirmed the results for its latest ...

31 Aug 2022 at 20:59

City

John Lewis reveals £500m deal to build 1,000 new rental homes

The John Lewis Partnership’s nine-year ambition to diversify away from the difficult retail sector has come a step closer to fruition after the business signed a deal that will help it build 1,000 new homes. The £500 ...

02 Dec 2022 at 08:57

Personal Finance

Three in four retirees ‘have not sought professional financial advice’

Nearly half (48%) of retirees are worried about running out of money in old age, a survey has found. But more than three-quarters (78%) have not sought any professional advice on their retirement plans, according to ...

16 Feb 2022 at 01:25

City

Marks & Spencer returns to FTSE 100 while Abrdn and Persimmon get the boot

Marks & Spencer has climbed back on to the UK’s FTSE 100 four years after dropping off the top stock index, while housebuilder Persimmon has been demoted following a rocky patch for the housing market. The upmarket ...

30 Aug 2023 at 18:06

City

UK asset managers ‘backtracked on climate resolutions at oil major AGMs’

Some of the UK’s largest investors have been accused of backtracking on their support for a climate resolution at oil majors’ annual general meetings this year. Shareholder activist group Follow This said on ...

17 Jul 2023 at 18:36

City

FTSE drifts lower as banking stocks fall on Italian windfall tax

Banks and commodity stocks led the fallers as London’s top markets closed lower on Tuesday. Italian plans to hit banks in the country with a new 40% windfall tax have knocked financial stocks across the ...

08 Aug 2023 at 17:19

City

Abrdn flags tough investing year on par with 2022 as assets shrink

Asset manager Abrdn has reported shrinking assets and a drop in profits for its investment division as it said this year was shaping up to be as challenging as “one of the hardest investing years in ...

08 Aug 2023 at 11:59

City

Abrdn victim of ‘corporate bullying’ over vowel-free rebrand, says director

Abdrn 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. The investment company ...

09 Apr 2024 at 08:31

City

Abrdn confirms plans to cut around 500 jobs

Investment giant Abrdn will cut hundreds of jobs as it seeks to cut millions of pounds from its annual costs and make its business more profitable. The firm said it wants to save around £150 ...

24 Jan 2024 at 13:04

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