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Standard Life Aberdeen PLC (SLA.L)

SLA.L on London Stock Exchange

316.00GBp
16 Aug 2018
Change (% chg)

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7,659,052
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448.60
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301.00

Latest Key Developments (Source: Significant Developments)

Standard Life Aberdeen Announces 175 Mln Stg Share Buyback
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Standard Life Aberdeen PLC ::WILL COMMENCE AN INITIAL SHARE REPURCHASE PROGRAMME OF COMPANY'S ORDINARY SHARES UP TO A MAXIMUM CONSIDERATION OF £175M.  Full Article

Standard Life Aberdeen H1 operating profit drops 16 pct
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Standard Life Aberdeen PLC ::HALF-YEAR REPORT - PART 1 OF 4.GROSS INFLOWS OF £38.0BN (H1 2017: £39.5BN, H2 2017: £36.0BN) INCLUDING INCREASE IN FLOWS FROM PHOENIX.NET OUTFLOWS REMAIN A CHALLENGE IN A TOUGH MARKET.ADJUSTED PROFIT BEFORE TAX 478 MILLION ON PRO-FORMA BASIS.ADJUSTED PBT COMPARES WITH PRO-FORMA 518 MILLION H2 2017, 521 MILLION H1 2017 ON PRE-MERGER BASIS.H1 NET OUTFLOWS 16.6 BILLION STG.NOW TARGETING A TOTAL OF OVER £350M OF SAVINGS INCLUDING MERGER RELATED COST SYNERGIES OF £250M AS WELL AS EFFICIENCY SAVINGS FROM A SIMPLIFIED GLOBAL OPERATING MODEL IN EXCESS OF £100M.INTERIM DIVIDEND UP 4.3% TO 7.30P.ASSETS UNDER MANAGEMENT AND ADMINISTRATION 626.5 BILLION STG VERSUS 623.AUMA 626.6 BILLION STG AT BEGINNNING OF H1 2018, 610.1 BILLION AT END H1.ASSETS MANAGED BY ABERDEEN STANDARD INVESTMENTS WERE £557.1BN (FY 2017: £575.7BN).ADJUSTED OPERATING PROFIT 254 MILLION STG VERSUS 302 MILLION STG H1 2017.WE ARE COMMENCING FIRST TRANCHE OF £175M OF SHARE BUYBACK PROGRAMME IN NEXT FEW DAYS.COMPLETION OF PROPOSED SALE TO PHOENIX IS EXPECTED IN Q3.  Full Article

Standard Life Aberdeen Says Stake In HDFC Asset Management Valued At c.982 Mln Stg
Monday, 30 Jul 2018 

July 30 (Reuters) - Standard Life Aberdeen Plc :STANDARD LIFE ABERDEEN - STANDARD LIFE INVESTMENTS LIMITED'S CURRENT SHAREHOLDING OF 37.98% IN HDFC ASSET MANAGEMENT COMPANY WOULD BE VALUED AT C£982M.  Full Article

Phoenix Group Holdings Issues Warrant Redemption Notice
Monday, 23 Jul 2018 

July 23 (Reuters) - Phoenix Group Holdings ::ON 2 SEPTEMBER 2009, PHOENIX ISSUED 5 MILLION WARRANTS OVER ITS SHARES TO CERTAIN OF ITS LENDERS.HAVING NOW AMENDED WARRANT INSTRUMENT TO PERMIT REDEMPTION AT RELEVANT PRICE, IT WILL REDEEM ALL OUTSTANDING WARRANTS ON 23 AUGUST 2018.  Full Article

Standard Life Aberdeen Says Prospectus Filed For Proposed IPO Of HDFC AMC
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Standard Life Aberdeen PLC ::PROPOSED IPO OF HDFC AMC.IN CONNECTION WITH PROPOSED IPO OF HDFC AMC, RED HERRING PROSPECTUS FILED BY HDFC AMC HAS BEEN APPROVED ON JULY 17, 2018.  Full Article

Phoenix Group Holdings Announce Results Of Rights Issue
Tuesday, 10 Jul 2018 

July 10 (Reuters) - Phoenix Group Holdings ::RESULTS OF RIGHTS ISSUE.IT HAD RECEIVED VALID ACCEPTANCES IN RESPECT OF 176,693,407 NEW SHARES (REPRESENTING 96.25 PER CENT. OF NEW SHARES OFFERED.  Full Article

SLA shareholders vote for Phoenix insurance deal, share buybacks
Monday, 25 Jun 2018 

June 25 (Reuters) - Standard Life Aberdeen PLC ::STANDARD LIFE ABERDEEN SHAREHOLDERS VOTE IN FAVOUR OF SALE OF STANDARD LIFE ASSURANCE LIMITED TO PHOENIX GROUP HOLDINGS <<>>.99.26 PERCENT OF SHAREHOLDERS VOTE FOR SALE .MORE THAN 99 PCT OF SHAREHOLDERS ALSO VOTE FOR SHARE BUYBACKS TOTALLING UP TO 1.75 BLN STG.  Full Article

Standard Life Aberdeen merger hedges against Brexit - chairman
Monday, 25 Jun 2018 

June 25 (Reuters) - Standard Life Aberdeen ::CHAIRMAN GERRY GRIMSTONE SAYS SLA MERGER HAS MADE COMPANY MORE GLOBAL AND AS SUCH IT IS A HEDGE AGAINST BREXIT.SLA'S GRIMSTONE SAYS 9 MONTHS AWAY FROM BREXIT BUSINESSES HAVE NO MORE CERTAINTY THAN THEY DID A YEAR AGO.SLA'S GRIMSTONE SAYS THINKS GOVERNMENT IS LISTENING ON BREXIT BUT VERY IMPORTANT MATTERS LIKE CUSTOMS UNION NEED TO BE SETTLED.SLA'S GRIMSTONE SAYS ARBITRATION WITH LLOYDS OVER CONTRACT LIKELY TO TAKE MONTHS, POSSIBLY END OF THIS YEAR.SLA'S GRIMSTONE SAYS DISAPPOINTED BY SHARE PRICE PERFORMANCE BUT CONFIDENT OF RECOVERY.  Full Article

Standard Life Aberdeen Names Cathleen Raffaeli As Non-Exec Director
Monday, 25 Jun 2018 

June 25 (Reuters) - Standard Life Aberdeen Plc ::DIRECTORATE CHANGE.CATHLEEN RAFFAELI WILL BE APPOINTED AS A NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 1 AUGUST 2018.FOLLOWING APPOINTMENT, BOARD WILL COMPRISE FOUR EXECUTIVE DIRECTORS, NINE NON-EXECUTIVE DIRECTORS AND CHAIRMAN.RESTRUCTURING OF BOARD AFTER MERGER IN 2017 WILL CONTINUE OVER COMING MONTHS.FOLLOWING THE NEW APPOINTMENT, BOARD WILL COMPRISE FOUR EXECUTIVE DIRECTORS, NINE NON-EXECUTIVE DIRECTORS AND CHAIRMAN.  Full Article

Phoenix Group names two new non-execs
Monday, 25 Jun 2018 

June 25 (Reuters) - Phoenix Group Holdings ::APPOINTMENT OF TWO NEW NON-EXECUTIVE DIRECTORS: BARRY O'DWYER AND CAMPBELL FLEMING, BOTH OF STANDARD LIFE ABERDEEN PLC ("STANDARD LIFE ABERDEEN")..  Full Article

UPDATE 1-Standard Life Aberdeen H1 profit falls, buyback lifts shares

LONDON, Aug 7 First-half pre-tax profit at insurer and asset manager Standard Life Aberdeen fell 12 percent, with the firm's co-chief executives describing market conditions as challenging, but the early start of a buyback programme lifted its shares.