Aberdeen reports rise in new business

Investment group Aberdeen Asset Management today said the recent stock market volatility had failed to derail its growth plans as it reported record half-year new business worth £7.6m (€11.2m).

The group said funds under management grew by 9.8% to £80.4m (€118.1m) the six months to March 31, while underlying profits rose to £43.6m (€64m) from £36.8m (€54m) in the first half of the previous year.