Aberdeen

UK equity income

THE BIG QUESTION

Analysts at Canaccord Genuity have raised their price target for Aberdeen Asset Management by more than 10% following its deal to buy Scottish Widows Investment Partnership (SWIP).

REVIEW OF THE YEAR

Aberdeen chief executive Martin Gilbert has netted £8.6m from the sale of 1.78m shares in the firm, according to a regulatory filing.

Despite the slowdown in Asian growth this year, the banking sector remains in rude health, according to Aberdeen Asset Management's Hugh Young.

Fund groups are facing a fresh headwind to their expansion attempts as global private banks' buy lists shrink post-RDR.

Seven of the UK's largest asset managers are teaming up to gather information on end investors' needs in a move which could trigger changes to their fund ranges.

Aberdeen's chief executive Martin Gilbert has committed the fund group to competing on a global scale after it secured the takeover of Scottish Widows Investment Partnership (SWIP) in a deal worth up to £650m.

The leading US equity markets hit fresh record highs on Monday, suggesting a ‘Santa rally' is well underway in the run up to Christmas.