Aberdeen leads FTSE 100 lower as profit-taking weighs

Anna Fedorova
clock

Aberdeen Asset Management is the biggest faller in the FTSE 100 index on the first trading day of 2014, as investors take profits after a stunning run higher for the business recently.

Having risen around 30% last year on the back of impressive numbers and a well received takeover of Scottish Widows Investment Partnership (SWIP), the stock is today down 3.3% at 484p as investors take advantage of recent gains to lock-in profits. The wider FTSE 100 index has also started the year on a low note, falling 0.5% to 6,713 by mid-morning. Other top fallers include miners Anglo American and Rio Tinto, as well as Carnival, with the three businesses off 2.5%, 2.3% and 2% respectively. Elsewhere in Europe, markets are also weaker, with Germany's DAX down 0.5% and France's CA...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

US tariffs threaten UK growth and stymie Reeves and BoE's plans

US tariffs threaten UK growth and stymie Reeves and BoE's plans

FTSE remains defensive

Linus Uhlig
clock 10 April 2025 • 6 min read
China slaps additional 84% tariff on US goods

China slaps additional 84% tariff on US goods

Latest move in the trade war

Linus Uhlig
clock 09 April 2025 • 1 min read
Attention turns to Bank of England with calls for rate cuts amid tariff chaos

Attention turns to Bank of England with calls for rate cuts amid tariff chaos

Next meeting 8 May

Linus Uhlig
clock 09 April 2025 • 3 min read
Trustpilot