Abrdn Share News (ABDN)

Augmentum Fintech net asset value rises investments perform well

(Alliance News) - Augmentum Fintech PLC on Tuesday said net asset value grew during its recently-ended financial year, despite a challenging macroeconomic and fundraising environment.

LONDON MARKET CLOSE: Stocks lower with eyes on UK inflation numbers

(Alliance News) - Stocks in London closed in the red on Tuesday, with market nerves frayed ahead of the release of key UK inflation data on Wednesday morning.

TOP NEWS: abrdn exits HDFC with GBP337 million stake sale

(Alliance News) - abrdn PLC on Tuesday announced that it no longer has a stake in HDFC Asset Management Co Ltd.

Abrdn sells 10.2% stake in India's HDFC Asset Management Company

(Sharecast News) - Asset manager Abrdn said on Tuesday that its aIML subsidiary has sold just under 21.8m shares in India's HDFC Asset Management Company for about 45.7 billion rupees (£337m).

LONDON BRIEFING: abrdn sells HDFC stake; Lookers agrees to buyout

(Alliance News) - Stocks in London were expected to fall further on Tuesday's open, with investors awaiting UK inflation data and a Bank of England rate announcement later this week.

IN BRIEF: Oberon Investments secures FCA approval, owns 63% of Logic

Oberon Investments Group PLC - investment management, wealth planning and corporate broking group - Receives UK Financial Conduct Authority approval for change of control in Logic Investments Ltd, and thus completes the acquisition of its majority stake in Logic. Logic has also raised GBP500,000 funding from the family office of John Gunn, an early-stage investor in many successful ventures, including interactive investor, recently sold to abrdn PLC for GBP1.5 billion. As a result, Oberon owns 63% of Logic, and it becomes part of the Oberon Group.

LONDON BROKER RATINGS: Goldman cuts Croda to neutral; Davy likes Wise

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

LONDON MARKET CLOSE: Stocks higher as interest rate decisions loom

(Alliance News) - Stocks in London were largely higher at the close on Tuesday, shrugging off a poor performance for oil majors in the FTSE 100 and lacklustre data for the UK's retail sector.

LONDON MARKET MIDDAY: FTSE 100 underwhelms as BP and Shell fall

(Alliance News) - Stock prices in London were lower at midday on Tuesday, with the FTSE 100 hurt by share price falls for oil majors, while a less than stellar reading of the UK retail sector kept a lid on sentiment.

LONDON MARKET CLOSE: FTSE 100 down as rally for oil majors loses steam

(Alliance News) - Stocks in London were largely lower at the close on Monday as a rally in oil majors ground to a halt and investors looked to an increasingly "two-speed" economy in the US.

LONDON MARKET MIDDAY: Stocks green amid UK service sector strength

(Alliance News) - Stock prices in London were higher at midday on Monday as markets looked to further positive news for the UK's service sector.

IN BRIEF: abrdn plans return as sells last stake in HDFC Life in India

abrdn PLC - Edinburgh-based investor and asset manager - Sells entire remaining 1.7% stake in HDFC Life Insurance Co Ltd in India. The 35.7 million shares are sold on the National Stock Exchange of India and the Bombay Stock Exchange at INR579.6 each. abrdn will receive a total of INR20.42 billion, or GBP198 million, from the disposal after tax and expenses. It will return the proceeds to abrdn shareholders by means of share buybacks.

Abrdn subsidiary sells £198m of HDFC Life shares

(Sharecast News) - Abrdn announced on Wednesday that its subsidiary, Abrdn Mauritius Holdings 2006 (aMH06), has sold a significant number of shares in HDFC Life Insurance.

IN BRIEF: abrdn confirms CFO departure after annual general meeting

abrdn PLC - Edinburgh-based investor and asset manager - Reports all resolutions at Wednesday's annual general meeting were passed. Further to announcements in February and March, confirms Brian McBride and Chief Financial Officer Stephanie Bruce did not seek re-election to the board.

UK dividends calendar - next 7 days