Around the time of the S&P 500’s launch in 1957, a remake of the Hollywood musical Anything Goes opened in cinemas across America. The movie featured Cole Porter’s eponymous song, which began with the words “Times have changed”.
Donald Trump’s first weeks as US president are turning out to be just as controversial as his bruising election campaign. A flurry of executive orders on border controls, trade and healthcare has dominated headlines, causing dismay and galvanising opposition.
The Boards of Standard Life plc (“Standard Life”) and Aberdeen Asset Management PLC (“Aberdeen”) are pleased to announce that they have reached agreement on the terms of a recommended all-share merger of Standard Life and Aberdeen, to be effected by means of a court-sanctioned scheme of arrangement between Aberdeen and the Aberdeen Shareholders under Part 26 of the Companies Act 2006 (the “Merger”). The Combined Group will in due course be branded to incorporate the names of both Standard Life and Aberdeen.
It is a decade since the start of the financial crisis. What started in the US housing market later engulfed the global economy and is having an enduring legacy on the UK – perhaps most notably on savers.
As myself and all other business leaders know, when you step away from work you never really stop thinking about it – even when hurtling down an icy ski slope in the Swiss Alps.
New cartoon animation on social media; actor sir Michael Gambon partners with Aberdeen Asset Management in “The fables of fixed income”
Financial markets are reacting with a bit of confusion. Some are seeing the headline number and thinking a hike is on the cards while others are digging below the surface and concluding it might not be.
