Growth ambitions delayed as abrdn profits drop and AUM shrinks

Investment performance weakens

James Baxter-Derrington
clock • 2 min read
Stephen Bird, abrdn chief executive
Image:

Stephen Bird, abrdn chief executive

Ambitions for revenue growth and an improved income/cost ratio are “likely to take longer than originally expected” as profits and flows sour at abrdn.

According to the firm's half-year results, adjusted operating profit has dropped 28% compared to the same period last year, down to £115m, while IFRS before tax has tumbled from a profit of £113m t...

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