A UK tribunal has ruled in the fund manager Standard Life Aberdeen’s favour in a dispute with Lloyds Banking Group over a 100 bln pound fund mandate. Standard Life Aberdeen gets token win in bank duel, says peter_tl:
Standard Life Aberdeen on March 19 said it had won a legal battle to stop Lloyds Banking Group from terminating a 100 billion pound investment management contract three years early.
The UK bank’s Scottish Widows unit gave Standard Life Aberdeen notice of its intention to terminate the contract in February 2018, arguing that the fund manager had become a major competitor. But a tribunal ruled that Lloyds did not have the right to do so. Standard Life Aberdeen said it was carefully considering the terms of the decision and appropriate next steps.
Scottish Widows said it was disappointed by the decision, but that it still intended to transfer the assets to BlackRock and Schroders. Standard Life Aberdeen shares were up 1.4 percent at 270 pence by 0945 GMT on March 19. Shares in Lloyds were up 0.8 percent at 65.9 pence.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Standard Life Aberdeen board rejig is just a startThe embattled fund manager named Keith Skeoch as sole boss, ending its controversial co-CEO structure. But Martin Gilbert stays on as senior executive and vice chairman. With its 552 bln pound asset base still shrinking and the dividend insecure, governance remains suboptimal.
और पढो »
Standard Life Aberdeen wins $133 bln Lloyds mandate disputeStandard Life Aberdeen said it has won a legal battle to stop Lloyds cancelling ...
और पढो »
22 Products I Don't Understand How You've Lived Your Whole Life Without*Extremely Rihanna voice* ♫ Where have you been all my li-i-i-ife... ♫
और पढो »
22 Products That Are Like Hitting The 'Refresh' Button On Your LifeAnd by 'refresh button,' I mean it's time to do a spring cleaning on your whole life.
और पढो »
Forget Balance: How To Achieve A Work-Life FitTechnology has transformed the workforce throughout the years. Find out how to create boundaries and achieving a work-life fit. paid colehaan
और पढो »
'He leaped on someone to save them' – stories of Kiwi massacre victimsThe worshippers and their families caught up in New Zealand terrorist attacks came from around the world. Here are some of their stories –
और पढो »