abrdn (GB:ABDN) has released an update.
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abrdn plc reports a stable first half of 2024 with a 1% increase in adjusted operating profit and a 10% increase in adjusted diluted earnings per share, despite a 7% drop in net operating revenue. The company’s cost-saving measures are on track, aiming to realize at least £150m of annualized savings by the end of 2025, while investment in interactive investor supports organic growth. Despite uncertain market conditions, abrdn is making strides in efficiency and investment performance, with a 2% rise in assets under management and administration.
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