Standard Life, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management for about £3.8bn (€4.4bn), a deal that would create the UK’s largest active manager.

Aberdeen Asset Management yesterday said total assets fell 3% to £302.7bn (€351m) in the first quarter of its financial year, as fresh outflows after the US election overshadowed market gains.

The lead in the polls following the final US presidential debate which point to a victory for Hillary Clinton over Donald Trump is helping boost stock markets and demand for riskier assets, a leading market analyst has said.

SABMiller shareholders can be treated as two separate groups when they vote on the brewer’s £79bn (€91bn) takeover by Anheuser Busch InBev, a court in London has ruled, granting a request from SAB aimed at making the vote as fair as possible.

UK shopping centre landlord Hammerson — which owns the Dundrum Shopping Centre here — said the impact of Britain’s decision to leave the EU on property valuations was still unknown, but the lettings and investment markets were facing a period of uncertainty.

Credit Suisse’s equity strategists upgraded non-London focused UK housebuilding stocks while cutting back on European utilities as part of changes to recommendations following the Brexit vote.

A change of heart could pay massive dividends for Graeme McDowell after the former US Open champion survived a windswept opening day of the Aberdeen Asset Management Scottish Open.

Investors were warned that the worries about global growth and the health of Europe’s banks that sent markets reeling at the start of this year have not gone away.

Sterling yesterday continued to slide from its recent heights against the euro, eroding some of the exceptional advantages that have propelled Irish exporters, as British output figures appeared to show that the strong UK currency is punishing its manufacturing industries.

Hopefully now with the new sponsor, it’ll increase the chances of getting to that level and give me time to develop because I’m still young.

The downgrading of Tesco’s debt to “junk” status could limit its negotiating power on potential asset sales as Britain’s biggest retailer embarks on a long-awaited recovery plan designed to reverse its sliding fortunes.

Rory McIlroy has been urged to try Castle Stuart for himself after it was confirmed the Aberdeen Asset Management Scottish Open will return there in 2016.

The European Tour must strike while the iron is hot and slot the Irish Open into what could prove to be a money-making "Links Swing" ahead of the proposed 2019 Open Championship at Royal Portrush.

Aberdeen Asset Management is to become Europe’s biggest independent fund manager after striking a deal worth up to £660 million with Lloyds Banking Group.

Global stock markets powered ahead today on renewed hopes America's money-printing presses will continue to roll.

Further cracks emerged in the eurozone’s shrinking economy to drag European stock markets lower and ensure another day of losses for the FTSE 100 Index.

Doubts over the ability of EU leaders to deliver measures to ease the region’s debt crisis triggered a 2.5% slump for London’s leading shares index today.

The continued political stalemate in Greece triggered more heavy falls for world markets today as party leaders failed to make progress forming a coalition government.

Further signs of recovery in the US failed to distract investors from gloomy manufacturing figures in China and the eurozone today as London’s leading shares index closed in the red.

The FTSE 100 Index was mired in the red by noon today amid mixed economic figures and a tough session for commodity stocks.

The London market struggled to make headway this afternoon after oil prices retreated and retailers Next and Marks & Spencer suffered further losses.

Post-Christmas cheer continued on the London market today, but is not set to prevent the FTSE 100 Index from clocking up its worst ever annual performance.

MORE British-based firms have joined the list of companies considering a move to Ireland for tax purposes.

THE Treasury Holdings-backed property investment company, Real Estate Opportunities (REO) has reached a settlement in its legal battle with minority shareholder, Aberdeen Asset Management, which will see the company’s assets boosted by more than €70 million.

Ryder Cup star Colin Montgomerie, still hopeful of winning a major after nearly 20 years of trying, signed a new “long-term” sponsorship deal with Aberdeen Asset Management today.

Muirfield is to stage the 2007 Senior British Open just a week after Nick Faldo, twice a winner of the Open on the Scottish links, celebrates his 50th birthday and therefore becomes eligible.

A proposed link-up between NTL and Virgin Mobile put other broadcasters under pressure today as the FTSE 100 Index fell into the red.

ROYAL PORTRUSH is set to lose next year’s Senior British Open despite a commitment to host the event on the north coast course in 2006 and 2008.

Former Open champion Greg Norman has confirmed his appearance at the 19th Senior British Open Championship from July 21-24.

PROPERTY developers Johnny Ronan and Richard Barrett are suing Aberdeen Asset Management for up to €120 million.

Investors in the UK who lost money through ill-fated split capital investment trusts were offered a compensation pot totalling £194m (€275m) today.

The onset of the Christmas holidays will keep corporate news to a minimum in London this week, although investors will be still looking for Aberdeen Asset Management and package holiday firm MyTravel to complete outstanding business.

The average Irish Pension Managed Fund gained 5.7% in the final quarter of the year, bringing the annual return for 2003 to 12.3%.

The London market took a sharp tumble today, sliding back below the 3,800 level after falls on Wall Street hit sentiment.