Global strife is the biggest threat to business, Aberdeen’s Martin Gilbert warns

Comments Off on Global strife is the biggest threat to business, Aberdeen’s Martin Gilbert warns

The fund manager had a “torrid” first half as investors pulled funds out of its high-margin Asian and emerging market equity funds, but has steadied the ship since then.

“In the last quarter to September there have been marginal inflows which is good,” Gilbert said.

A falling oil price is “generally good for equities” but risks such as tensions between Russia and Ukraine remain: “I can’t fathom why the market is so sanguine about world events,” he said.

Aberdeen’s underlying profit before tax rose 2% to £490.3 million in the year to September 30.

The final dividend is up 12.5%, giving a total dividend of 18p. Shares rose 2.6p to 452.5p.

Source Article from http://www.standard.co.uk/business/business-news/global-strife-is-the-biggest-threat-to-business-aberdeens-martin-gilbert-warns-9895746.html

December 2, 2014 |
Copyright © 2018 LondonBusinessLink.co.uk. All Rights Reserved. LondonBusinessLink.co.uk
WordPress Directory Theme

Classified Ads Software

We use cookies to ensure that we give you the best experience on our website.
More about our cookies
Ok
Skip to toolbar