Aberdeen Asset Management PLC (ADN.L)
LONDON, May 12 (IFR) - Paul Mehta is to join Aberdeen Asset Management to head up and build its new loan platform.
LONDON Standard Life and Aberdeen Asset Management expect to cut 800 jobs, nearly 10 percent of the firms' combined workforce, as part of a merger to create Britain's biggest listed investment manager.
May 9 The combination of Standard Life Plc and Aberdeen Asset Management Plc will be called Standard Life Aberdeen plc when the two fund groups complete their merger, Standard Life said on Tuesday.
* Court-sanctioned scheme of arrangement for Standard Life deal is expected to become effective on or around 14 august 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)
LONDON, May 9 Paul Mehta is set to join Aberdeen Asset Management to head up and grow its new loan platform.
* Appointment of Martin Gilbert as an independent non-executive director of company with immediate effect.
* Shares up 3.2 pct (Adds detail from statement, share reaction, analyst reaction)
SYDNEY/LONDON BHP Billiton on Monday rejected a plan by activist shareholder Elliott Advisors to scrap the miner's dual company structure, split off its oil business and return more cash to investors, saying the costs would outweigh any benefits.
* Share price pares early gains (Recasts with BHP comment, reaction from shareholders, graphics, changes dateline)
LONDON, April 10 The second-biggest shareholder in mining company BHP Billiton said an overhaul of the company's structure suggested by activist hedge fund Elliott Advisors was OK in principle but may prove complex.