LONDON Aug 8 British fund manager Schroders
said its first-half pretax profit surged 29 percent
after it pulled in more money from clients and earned more fees
in its core asset management business.
Schroders said on Thursday profit before tax and exceptional
items rose to 228 million pounds ($353.8 million) from 177.4
million a year earlier.
Net inflows came in at 4.5 billion pounds, and combined with
rising markets this lifted assets under management to 235.7
billion pounds, a 21 percent rise from the 194.6 billion
reported a year earlier.
Schroders said it would increase its interim dividend by 23
percent to 16 pence per share.