Abrdn rallies as it announces £300m share buyback

Asset manager Abrdn rallied on Wednesday after it announced a £300m share buyback programme as it looks to return excess capital to shareholders.

The first phase will begin with a £150m buyback, being undertaken by Goldman Sachs. The purchase of shares will take place from 6 July and end no later than 30 December.

At 1110 BST, the shares were up 8.3% at 161.25p.