By Michele Maatouk
Date: Wednesday 06 Jul 2022
(Sharecast News) - Asset manager Abrdn rallied on Wednesday after it announced a £300m share buyback programme as it looks to return excess capital to shareholders.
The first phase will begin with a £150m buyback, being undertaken by Goldman Sachs. The purchase of shares will take place from 6 July and end no later than 30 December.
At 1110 BST, the shares were up 8.3% at 161.25p.
Email this article to a friend
or share it with one of these popular networks:
You are here: news