UK fund manager Aberdeen reports outflows in first-half results
Analysts had predicted 1.5 billion pounds of outflows for the period according to an average of analyst forecasts compiled by the company, which posted 800 million pounds of net inflows for the same period the prior year.
The fund manager said assets under management were 517.6 billion pounds, slightly ahead of forecasts and up from 500.1 billion pounds at the end of March. The company reported an adjusted operating profit of 125 million pounds, beating forecasts but down 2% on the prior year.
It said it would pay an unchanged interim dividend of 7.3 pence per share.
($1 = 0.7495 pounds)
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Andy said the spat began last August when a man came into their bar claiming to rep Spoons. 'He left me a warning letter claiming we were infringing their trademarks and giving us a September deadline to rename the bar,' he said. I went to the UK's biggest Wetherspoons with rooftop bar overlooking the beach 'He didn't leave a business card and the deadline came and went and nothing happened. 'When he came back in January Makya got our lawyers to talk to Wetherspoons and they've ended up hiring a Spanish law firm to launch the legal action they've decided to pursue.' 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