Sainsbury’s has announced that it will be winding down its banking division as part of its “food first” strategy and will be focusing on its core retail businesses. The company is exploring several options as part of a “phased withdrawal” from the banking business, which could result in products being outsourced to other providers, similar…
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abrdn Diversified Income and Growth plc to wind down and return cash to shareholders
LONDON, UK: abrdn Diversified Income and Growth plc (the “Company”) has announced that it will wind down its operations and return cash to shareholders following feedback from its shareholders and the persistent discount to its net asset value (“NAV”). The Company will seek shareholder approval for the change of its investment objective and policy at…