Aberdeen Jumps After Report Company Is Looking for a Buyer

Aberdeen Asset Management Plc gained the most since April 2014 in London trading after a newspaper reported that the company has begun to sound out potential buyers.

The shares rose as much as 7.2 percent after the Financial Times reported that Martin Gilbert, the company’s founder and chief executive officer, had made informal approaches to a number of competitors in recent months, citing people familiar with the process. A spokesman for Aberdeen told Bloomberg that the CEO had never made a formal or informal approach to anyone to buy the business.