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Schroders PLC (SDRt.L)

SDRt.L on London Stock Exchange

2,507.00GBp
3:40am EDT
Change (% chg)

-8.00 (-0.32%)
Prev Close
2,515.00
Open
2,485.00
Day's High
2,515.00
Day's Low
2,485.00
Volume
1,118
Avg. Vol
45,662
52-wk High
2,730.00
52-wk Low
2,200.00

Latest Key Developments (Source: Significant Developments)

Schroders Says Transfer Of Eastern European Banking Activities To CBH
Monday, 30 Jul 2018 07:39am EDT 

July 30 (Reuters) - Schroders PLC ::SCHRODERS ANNOUNCES TRANSFER OF EASTERN EUROPEAN BANKING ACTIVITIES TO CBH COMPAGNIE BANCAIRE HELVÉTIQUE SA.SCHRODER & CO BANK AG, CBH REACHED DEAL FOR CBH TO TAKEOVER SCHRODERS’ EASTERN EUROPEAN PRIVATE BANKING BUSINESS.CURRENT CLIENT PORTFOLIO FROM ITS EASTERN EUROPEAN PRIVATE BANKS IS IN THE REGION OF CHF 700 MILLION AUM(AS AT 30 JUNE 2018).FINANCIAL TERMS OF THE ACQUISITION ARE NOT DISCLOSED, THIS TRANSACTION WILL NOT IMPACT THE EQUITY STRENGTH OF CBH.  Full Article

Schroders H1 pretax profit up 8 pct to 371.1 mln stg
Thursday, 26 Jul 2018 02:05am EDT 

July 26 (Reuters) - Schroders PLC ::H1 PRETAX PROFIT ROSE 8 PERCENT TO 371.1 MILLION STG.INTERIM DIVIDEND UP 3 PERCENT TO 35 PENCEPER SHARE.SAYS NET INFLOWS £1.2 BILLION (H1 2017: £0.8 BILLION).SAYS PROFIT BEFORE TAX UP 8% TO £371.1 MILLION (H1 2017: £342.8 MILLION).SAYS ASSETS UNDER MANAGEMENT AND ADMINISTRATION £449.4 BILLION (31 DECEMBER 2017: £447.0 BILLION).SAYS INTERIM DIVIDEND UP 3% TO 35.0 PENCE PER SHARE (INTERIM DIVIDEND 2017: 34.0 PENCE PER SHARE).SAYS NET INCOME BEFORE EXCEPTIONAL ITEMS UP 11% TO £1,086.1 MILLION (H1 2017: £974.4 MILLION.SAYS PROFIT BEFORE TAX AND EXCEPTIONAL ITEMS UP 10% TO £397.1 MILLION (H1 2017: £361.5 MILLION).SAYS AGAINST A CHALLENGING BACKDROP WE HAVE DELIVERED ROBUST REVENUE GROWTH THROUGH OUR STRATEGY OF FOCUSING ON NEW MARKETS AND BY CONTINUING TO EVOLVE OUR PRODUCTS AND SOLUTIONS..SAYS WEALTH MANAGEMENT HAS SEEN STRONG CLIENT DEMAND AND WE HAVE CONTINUED TO EXPAND OUR CAPABILITIES WITHIN PRIVATE ASSETS AND ALTERNATIVES, OFFSETTING INDUSTRY HEADWINDS IN OTHER AREAS.SAYS NET INFLOWS FROM INSTITUTIONAL CLIENTS WERE OFFSET BY REDEMPTIONS WITHIN INTERMEDIARY SALES CHANNEL.SAYS NET OPERATING REVENUE MARGIN BEFORE PERFORMANCE FEES AND CARRIED INTEREST STEADY AT 45 BASIS POINTS.SAYS INSTITUTIONAL SALES CHANNEL SAW STRONG DEMAND FROM CLIENTS IN NORTH AMERICA AND LATIN AMERICA, OFFSET BY OUTFLOWS IN CONTINENTAL EUROPE AND AUSTRALIA.  Full Article

Schroders boardroom reshuffle sees Philip Howard step down​
Thursday, 1 Mar 2018 02:11am EST 

March 1 (Reuters) - Schroders Plc ::‍LORD HOWARD OF PENRITH, HAVING SERVED ON BOARD FOR MORE THAN NINE YEARS, WILL STEP DOWN FROM BOARD AT CONCLUSION OF 2018 ANNUAL GENERAL MEETING ON 26 APRIL 2018.​.‍IAN KING WILL SUCCEED PHILIP HOWARD AS SENIOR INDEPENDENT DIRECTOR.​.‍NICHOLA PEASE, WHO JOINED BOARD AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR IN SEPTEMBER 2012, WILL SUCCEED PHILIP HOWARD AS CHAIRMAN OF REMUNERATION COMMITTEE.​.  Full Article

Schroders says to pay for all external research costs under Mifid II rules
Friday, 15 Sep 2017 10:18am EDT 

Sept 15 (Reuters) - Schroders :Says to pay for all external research costs under Mifid II rules..  Full Article

Schroders CEO says equity inflows positive since start of year
Thursday, 2 Mar 2017 03:39am EST 

Schroders : CEO says has seen positive inflows into equity products in Q1. . Says positive fund performance over 1-, 3- and 5-years to help drive flows in 2017. . Says backs move to transparency on fees, but should keep transaction costs separate. .Says firm has no plans to change its handling of research costs from the current structure; will pay for some itself, charge rest to clients..  Full Article

Fund manager Schroders says FY pretax profit up 5 pct
Thursday, 2 Mar 2017 02:18am EST 

British asset manager Schroders on Thursday posted a 5 percent rise in full-year pretax profit after market gains, client inflows and acquisitions helped boost total assets to a record high. The company said full-year pretax profit was 618.1 million pounds ($758.41 million), up from 589 million pounds in 2015, helping underpin a final dividend of 64 pence per share, to take the total dividend for the year to 93 pence, up 7 percent on the year. Schroders said assets under management and administration at year-end were 397.1 billion pounds, up 27 percent, helped by a 42 billion pound boost as a result of weakness in the value of sterling after Britain's vote to leave the European Union. Net inflows over the year were 1.1 billion pounds, as demand from institutional clients more than offset outflows from retail clients and wealth management. Acquisitions added a further 6.7 billion pounds. ($1 = 0.8150 pounds) (Reporting By Simon Jessop. Editing by Andrew MacAskill) ((simon.jessop@thomsonreuters.com;)):.  Full Article

LGPS Central picks Harris, Schroders, Union Investment for global equity fund

LONDON, Sept 19 LGPS Central, set up to manage the combined assets of a number of British public pension schemes, said on Wednesday it had picked Harris Associates , Schroders and Union Investment to manage its global active equity fund.