Standard Life Aberdeen (SLA) is proposing "a substantial return of capital to shareholders" following the completion of the sale its UK and European insurance business to Phoenix Group.
The group is proposing up to £1.75bn will be returned to shareholders by 25 June, subject to approvals, representing 15% of the group's market cap. The group, which is led by co-CEOs Martin Gilbert...
The US dollar is close to peaking and the risks now seem to be on the downside.
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