November 11, 2016 / 7:10 AM / in 24 days

Schroders FY pretax hit by costs, revenue margin fall

LONDON, March 5 (Reuters) - British money manager Schroders on Thursday posted a 4% fall in full-year pretax profit, hit by higher costs and a decrease in revenue margins as market uncertainty led some investors to sell out of equities.

Pretax profit in the year to end-December was 624.6 million pounds ($804.55 million), down from 649.9 million pounds a year earlier.

$1 = 0.7763 pounds Reporting by Simon Jessop Editing by Rachel Armstrong

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