Fund manager and wealth platform abrdn will be desperate to announce something that gets its share price moving north again when it updates tomorrow.
After a difficult 2023, the shares are down another 10% year-to-date.
In a late January pre-close statement, abrdn indicated assets under management AUMs would be around £366.7bn at the year-end after second half outflows of £12.5bn.
Underlying profits should be in line with consensus at £245m.
Abrdn recently announced 500 job cuts as part of a £150m cost reduction programme.
UBS said that at these valuation levels, the market is pricing in a return to net inflows for abrdn in early 2025 but it doesn’t expect a return to inflows until 2027.