Bussiness
Asset manager Abrdn back in the black
Hello and welcome to our daily digest of business, financial and economic news from around Scotland.
1. Abrdn has beaten expectations and returned to profit in the first half of this year, posting first-half results of £187 million compared with losses of £169 million last year.
The asset management group had previously embarked on a significant cost-cutting exercise, slowing outflows from £4.4 billion in the first half of last year to £1.6 billion this year. The company said the return to profitability was partly down to the sale of its £7.4 billion European private equity business to Patria Investments last year.
Abrdn has been looking for a new chief executive, after Stephen Bird stepped down in May. Jason Windsor, Abrdn’s finance boss and interim chief
Experiencing Links Golf At Unique Courses Throughout Scotland – Town-Crier Newspaper
Glasgow out to defend title as Edinburgh try harder
Labour MP urges UK government to nationalise Grangemouth refinery
The peculiar Holyrood jousting style of Douglas Ross
Kylie Minogue announces Scottish date as part of 2025 world tour
He Is Class, A Class Act – Celtic Star Seriously Impresses Former Scotland Man
Declan Gallagher hoping Dundee Utd form can help him win Scotland recall
Kylie Minogue announces world tour with dates in Scotland
UEFA report confirms Scotland has highest attendance per capita in Europe – Scottish Business News
