SLA.L - Standard Life Aberdeen plc

LSE - LSE Delayed price. Currency in GBp
301.90
+1.40 (+0.47%)
At close: 4:35PM BST
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Previous close300.50
Open302.40
Bid302.40 x 0
Ask302.60 x 0
Day's range299.95 - 304.30
52-week range219.10 - 385.60
Volume3,408,277
Avg. volume8,272,890
Market cap7.278B
Beta (3Y monthly)1.26
PE ratio (TTM)10.37
EPS (TTM)29.10
Earnings date7 Aug 2019
Forward dividend & yield0.23 (7.48%)
Ex-dividend date2019-04-11
1y target est380.07
  • Why I’d buy this FTSE 100 pension firm’s shares to put in a pension
    Fool.co.uk24 days ago

    Why I’d buy this FTSE 100 pension firm’s shares to put in a pension

    Pension firms should be in most investors’ portfolios. I’ve identified two excellent performers for your consideration...

  • 2 FTSE 100 dividend heroes I’m buying for my Stocks and Shares ISA today
    Fool.co.uk25 days ago

    2 FTSE 100 dividend heroes I’m buying for my Stocks and Shares ISA today

    Income hunters should take a look at these two FTSE 100 (INDEXFTSE:UKX) dividend bargains, says Rupert Hargreaves.

  • Arcadia Rescue Deepens U.K. Landlords’ Retail Crisis
    Bloomberglast month

    Arcadia Rescue Deepens U.K. Landlords’ Retail Crisis

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Faced with the choice of accepting rent cuts or hunting for new retailers to fill hundreds of stores, U.K. mall owners are swallowing their medicine.Some of Britain’s biggest commercial landlords including Hammerson Plc and British Land Co., voted in favor of a rescue plan for billionaire Philip Green’s Arcadia Group that meant having to accept dozens of store closures and rent cuts of at least 25% at almost 200 sites.But their approval for the so-called Company Voluntary Arrangement was grudging and highlights how much pressure they are under from the pain inflicted on retailers by consumers choosing to shop online rather than in department stores.Land Securities Group Plc, Standard Life Aberdeen Plc and the Crown Estate had intended to vote against Arcadia’s proposals and switched at the 11th hour, according to people familiar with their plans who asked not to be named discussing information that isn’t public. One landlord, Intu Properties Plc, voted against, calling the deal unfair to tenants that pay full rent.“It really is like being stuck between a rock and a hard place,” said Daniel Swimer, property litigation partner at law firm Joelson. “Landlords could have rent reductions forced upon them or, if the CVA doesn’t get passed, they’re left with a large retailer failing in the current retail climate.”Deal ApprovedThe fact the deal was approved is likely to put further pressure on mall rents and values, and raises the possibility that commercial property owners could be tipped into a crisis similar to that faced by the retailers who make up some of their biggest tenants.The cost of insuring Land Securities’ debt against default saw the biggest daily rise since December on the day after the Arcadia vote, according to ICE Data Services. Moody’s Investors Service warned of possible damage to the creditworthiness of retail property owners that already face “weak operating performance, with declining footfall and retail sales, and downward pressure on rents.”The landlords came under pressure from Arcadia to back the deal or put about 18,000 jobs at risk if the company was forced into administration, people with knowledge of the negotiations said. Several were told they would be shirking their social responsibilities and be blamed for job losses, an accusation they resented, some of the people said, asking not to be identified as the talks were private.Arcadia representatives declined to comment.Ultimately the decision to back the CVA came down to the best commercial interests of the landlords, given that they could be left with empty sites if Arcadia fell into administration, two of the people said.Spokesmen for Land Securities, the Crown Estate and Standard Life Aberdeen confirmed they had backed the plans but declined to comment on the detail of the negotiations. Representatives of Hammerson and British Land declined to comment.Smaller CutsWhile many companies have preceded Arcadia’s CVA, few have been so large and many secured less generous rent cuts. The risk is that following Arcadia, other retailers now demand the same, even those that have previously undertaken rent cuts.“There’s nothing to stop companies coming back for a second bite,” Andrew Hughes, head of European general retail at UBS said at a media briefing last month.Intu has previously highlighted the likely impact of Arcadia’s CVA, saying last month that store closures are worse than expected and it sees net rents falling 4% to 6% this year. The company, which owns eight of the top 20 malls in the U.K., is under pressure itself to sell assets to cut debt and CVAs are hampering those efforts.Falling ValueIntu said in February that a further 10% fall in the value of its properties would cost 1 million pounds in extra expenditures in order to avoid a breach of loan covenants. U.K. Retail property values fell 10.25 percent in the year through May, according to data compiled by broker CBRE Group Inc.Some landlords are pushing back on department store chain Debenhams’ outlet closures which won creditor approval in May. Sports Direct International Plc has grouped together with landlords to challenge the CVA and property investor M&G Investments has launched another challenge, a spokeswoman for the asset manager confirmed.But it will be hard for landlords to stop the trend. Consumers’ shift to online shopping shows little signs of abating and insolvencies have jumped by more than a fifth since 2016, with more than 1,200 retailers collapsing last year.“What is 100% certain is that retailers can’t carry on paying the rents they have historically,” said Richard Hyman, an independent retail consultant. “There’s less money in the pot to fund it and the pain has to be shared by the landlord as well as by the retailer.”\--With assistance from Antonio Vanuzzo.To contact the reporters on this story: Katie Linsell in London at klinsell@bloomberg.net;Jack Sidders in London at jsidders@bloomberg.netTo contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Chris Vellacott, Shelley RobinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Standard Life Aberdeen eyes £30m IFA swoop on Grant Thornton
    Sky News2 months ago

    Standard Life Aberdeen eyes £30m IFA swoop on Grant Thornton

    Standard Life Aberdeen (SLA), one of Britain's biggest asset managers, is in talks to snap up a unit of Grant Thornton (GT), the accountancy firm, that advises affluent clients on their financial affairs. Sky News has learnt that 1825, SLA's financial advice arm, has entered into exclusive negotiations to buy GT's wealth advisory business for approximately £30m. It would be a more significant transaction than its modest financial outlay would suggest because of the implied consequences for the future of both 1825 and GT, the UK's sixth-largest audit firm.

  • The Standard Life share price: is now the time to buy this 8% yielder?
    Fool.co.uk2 months ago

    The Standard Life share price: is now the time to buy this 8% yielder?

    Standard Life Aberdeen plc (LON: SLA) could be cheap at this level, says Roland Head.

  • Reuters - UK Focus2 months ago

    Lloyds defends CEO pay after investor anger at annual investor meeting

    Lloyds Banking Group has defended the 6.3 million pound ($8.06 million) pay package awarded to chief executive Antonio Horta-Osorio, after criticism from politicians and investor trade bodies. Horta-Osorio's pay in 2018 has drawn harsh commentary, with particular focus on the generous pension perks that eclipsed those on offer to Lloyds' broader workforce. Addressing questions at the company's annual general meeting, Lloyds Chairman Norman Blackwell insisted executive awards were "fair" and justified given the bank's turnaround in recent years from the brink of insolvency to becoming one of Europe's most profitable lenders.

  • Reuters - UK Focus2 months ago

    Lloyds braces for pay revolt at annual investor meeting

    Lloyds Banking Group is braced for a potential shareholder revolt over senior executives' pay at its annual meeting on Thursday, after criticism by politicians and a string of similar rebellions at rival banks. The bank's CEO Antonio Horta-Osorio's 6.3 million-pound pay in 2018 has faced objections from investors, with particular focus on the generous pension perks that eclipse those on offer to Lloyds' broader workforce. Horta-Osorio, Britain's highest paid banking CEO, has already waived part of the bank's contributions to his pension pot this year, taking the annual payments to 33 percent of base salary from 46 percent previously.

  • Reuters - UK Focus2 months ago

    MEDIA-Standard Life Aberdeen on lookout for takeovers - FuW

    ** Standard Life Aberdeen is on the lookout for acquisitions amid a consolidating asset management market, Vice Chairman Martin Gilbert tells Swiss paper Finanz und Wirtschaft ** "We are still digesting ...

  • Reuters - UK Focus2 months ago

    Standard Life Aberdeen shareholders revolt over finance chief's pay

    More than 40% of shareholders in Standard Life Aberdeen (SLA) voted against the company's pay report at its annual general meeting on Tuesday, which SLA said was due to concern about its new chief financial officer's (CFO) pay. SLA hired Stephanie Bruce from PwC in March on a basic salary of 525,000 pounds ($678,250). The pay report won 58% of shareholders' votes, SLA said in a statement.

  • Reuters - UK Focus2 months ago

    Standard Life Aberdeen Q1 assets up on market moves, deals

    British asset manager Standard Life Aberdeen posted a 3% rise in first-quarter assets on Tuesday as market gains and assets linked to recent deals more than offset currency losses and outflows from some ...

  • One-off costs hit Lloyds Bank profit as rate hike hopes fade
    Reuters3 months ago

    One-off costs hit Lloyds Bank profit as rate hike hopes fade

    Lloyds Banking Group has given up hope of a profit-boosting rise in interest rates before 2020, Britain's biggest mortgage lender said on Thursday, after surprise one-off costs led it to miss quarterly earnings forecasts despite robust underlying profits. A drop in home loans and a 339 million pounds one-off charge for "volatility" - that included costs linked to a legal dispute with asset manager Standard Life Aberdeen - sent Lloyds shares down more than 2 percent in early trading. Lloyds also reported a further 100 million pound charge to cover administrative costs linked to a fresh surge in requests for information on possible payment protection insurance claims ahead of an August deadline for payouts.

  • UK asset manager Standard Life Aberdeen bought $100 million of Aramco bond - chairman
    Reuters3 months ago

    UK asset manager Standard Life Aberdeen bought $100 million of Aramco bond - chairman

    RIYADH (Reuters) - UK asset manager Standard Life Aberdeen bought $100 million (£77 million) worth of Saudi Arabia state oil giant Aramco's debut international bond, the investment firm's chairman said ...

  • Reuters - UK Focus3 months ago

    U.K. asset manager Standard Life Aberdeen bought $100 mln of Aramco bond -chairman

    U.K. asset manager Standard Life Aberdeen bought $100 million worth of Saudi Arabia state oil giant Aramco's debut international bond, the investment firm's chairman said on Sunday. "I think it was ...

  • Reuters - UK Focus3 months ago

    BUZZ-Man Group: 'A misunderstood Man' - Berenberg

    ** Berenberg initiates Man Group with "buy" rating and 35% upside to target price of 206p ** "Freed from the earnings drag created by run-off of legacy products," broker believes co ...

  • Reuters - UK Focus3 months ago

    BUZZ-Top of the Street: Eutelsat, Boliden, UK asset managers

    A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Berenberg raises Eutelsat to "buy" from "hold", believes recent tax law changes in France could ...

  • Reuters - UK Focus3 months ago

    BUZZ-UK Asset Managers: Barclays sees investment opportunities

    ** Barclays starts coverage of five UK-listed asset managers: Intermediate Capital Group, Man Group and Schroders with "overweight" and Ashmore , Jupiter ** Broker downgrades Standard Life Aberdeen ...

  • Reuters - UK Focus3 months ago

    Brexit delay lifts mid-caps to 6-mth high; growth fears bruise FTSE 100

    Fears of a global economic slowdown and uncertainty over trade policies kept Britain's main share index subdued as miners were tugged lower, but UK-focused stocks rallied after a second Brexit delay as ...

  • Standard Life Aberdeen’s Flint on Economic Risks, Monetary Policy, Brexit
    Bloomberg9 days ago

    Standard Life Aberdeen’s Flint on Economic Risks, Monetary Policy, Brexit

    Jul.12 -- Douglas Flint, chairman at Standard Life Aberdeen, discusses the biggest risk to the economy right now, monetary policy, a no-deal Brexit, the move from active to passive investing, asset management and consolidation trends. He speaks exclusively on “Bloomberg Markets: European Open” from the sidelines of the AIIB annual meeting in Luxembourg.

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