Don't Just Read the News, Understand It.

Published 1 year ago • loading... • Updated 1 year ago

Clients pull £13.9bn from Edinburgh investment firm amid job cuts

Summary by Ground News

Abrdn, the Scottish financial services heavyweight, has said it plans to cut around 500 jobs as part of a cost-saving overhaul. The cuts amount to a 10% reduction in the investment firm’s headcount and are aimed at saving costs by £150 million a year. Edinburgh-based company rebranded from Standard Life Aberdeen in 2021.

4 Articles

4 Articles

All

Left

2

Center

Right

The Herald Scotland

Reposted by

The National

Clients pull £13.9bn from Edinburgh investment firm amid job cuts

Investment firm Abrdn has said it plans to cut around 500 jobs as part of a cost-saving overhaul.

1 year ago·Scotland, United Kingdom

Read Full Article

Reposted by

Shropshire Star

Abrdn clients pull £13.9bn amid hundreds of job cuts at investment firm

The fund manager and wealth specialist saw its pre-tax loss shrink to £6m for last year, reducing from a £612m loss.

1 year ago·Scotland, United Kingdom

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Coverage Details

Total News Sources4

Leaning Left2Leaning Right0Center0Last Updated1 year agoBias Distribution

100% Left

Bias Distribution

100% of the sources lean Left

100% Left

Untracked bias

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Herald Scotland broke the news in Scotland, United Kingdom 1 year ago on Tuesday, February 27, 2024.

Sources are mostly out of (0)

Similar News Topics

Similar News Topics