Abrdn (ABDN)

Sector:

Financials

Index:

FTSE 250

141.55p
   
  • Change Today:
    -1.20p
  • 52 Week High: 236.70
  • 52 Week Low: 138.45
  • Currency: UK Pounds
  • Shares Issued: 1,840.74m
  • Volume: 1,441,889
  • Market Cap: £2,605.57m

Virgin Money and Aberdeen provide £12.5m each for JV

By Sean Farrell

Date: Friday 05 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Virgin Money and Aberdeen Asset Management have agreed to provide up to £12.5m each of extra funding for their asset management joint venture.
The bank said it would provide the funds over the next 12 months "to support the strategic and customer proposition development of Virgin Money Unit Trust Managers (VMUTM). Aberdeen, part of Standard Life Aberdeen, will do the same, Virgin Money said.

The companies formed the joint venture in March 2018 to sell Virgin Money customers asset management services. Aberdeen paid more than £40m for a 50% stake in VMUTM. The deal was struck before Virgin Money was sold to CYBG later in 2018.

"There is no immediate income statement or capital impact for Virgin Money in relation to this action," Virgin Money said on Friday.

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Standard Life Market Data

Currency UK Pounds
Share Price 141.55p
Change Today -1.20p
% Change -0.84 %
52 Week High 236.70
52 Week Low 138.45
Volume 1,441,889
Shares Issued 1,840.74m
Market Cap £2,605.57m

Standard Life Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.03% above the market average81.03% above the market average81.03% above the market average81.03% above the market average81.03% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
44% below the market average44% below the market average44% below the market average44% below the market average44% below the market average
32.76% below the sector average32.76% below the sector average32.76% below the sector average32.76% below the sector average32.76% below the sector average
Income
93.69% above the market average93.69% above the market average93.69% above the market average93.69% above the market average93.69% above the market average
87.88% above the sector average87.88% above the sector average87.88% above the sector average87.88% above the sector average87.88% above the sector average
Growth
48.09% below the market average48.09% below the market average48.09% below the market average48.09% below the market average48.09% below the market average
27.1% below the sector average27.1% below the sector average27.1% below the sector average27.1% below the sector average27.1% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 4
Sell 7
Strong Sell 1
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Standard Life Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-24 17-Aug-23
Paid 30-Apr-24 26-Sep-23
Amount 7.30p 7.30p

Trades for 28-Mar-2024

Time Volume / Share Price
11:19 1 @ 141.65p
11:18 802 @ 141.55p
11:18 14 @ 141.70p
11:18 963 @ 141.60p
11:17 141 @ 141.68p

Standard Life Key Personnel

Chair Douglas J Flint
CEO Stephen Bird
CFO Jason Windsor

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