UK's Standard Life falls after Aberdeen cuts stake

Aberdeen

08/10/2026 08:20

** Shares of British insurer Standard Life SDLF.L fall 5.6% to 822.5 pence apiece
** On track for worst day since September 2025, if losses hold
** British asset manager Aberdeen Group ABDN.L sold 52 million ordinary shares in SDLF at 839 pence per share, for gross proceeds of about £436 million  ($575.4 million)
** Aberdeen now holds about 5.2% of Standard Life's issued share capital
** Up to Wednesday's close, stock had risen 18.2%


($1 = 0.7577 pounds)

 (Reporting by Simone Lobo in Bengaluru)
 ((Simone.Lobo@thomsonreuters.com, +919920570373))