UPDATE 2-Standard Life Aberdeen profit down 10%, eyes 'turbulent' 2020 [Reuters (UK)]
ABRDN PLC UNSP ADR (SLFPY)
NASDAQ:AMEX Investor Relations:
standardlife.com/dotcom/investor-information/financial-results.page
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Source: Reuters
UPDATE 2-Standard Life Aberdeen profit down 10%, eyes 'turbulent' 2020 - Reuters 3 Min Read * Adjusted pretax profit 584 mln stg from 650 mln stg * Ups expected synergies to annual 400 mln stg * Shares up 2.7%, broadly in line with FTSE 100 (Adds detail from CEO conference call, share reaction) By Simon Jessop LONDON, March 10 (Reuters) - British asset manager Standard Life Aberdeen said its full-year profits fell 10% after revenues were hit by outflows and warned of a turbulent market outlook given the volatility sparked by the coronavirus outbreak. Market moves on Monday were evidence of “pure panic”, effectively pricing in a global recession, Chief Executive Keith Skeoch told journalists. The S&P500 posted its biggest one-day fall since the financial crisis as global equity markets plunged and investors scurried to safe-haven assets. However, a successful response to the virus by governments, including through fiscal stimulus, could see its impact reduced to a short, sharp economic
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