Schroders shares smash two-year high after surge in new business Wealth Wealth manager Schroders notched a two-year high on its stock price on Thursday morning after an influx of new business led to a major uptick in management fees. The FTSE 100 asset manager told markets it was expecting full-year operating profit to come in at £745m, up from £603m from the year prior. Shares rose [...]
Lloyds looks to take control of Schroders wealth tie-up Banking Lloyds Banking Group is looking to ditch its wealth tie-up with Schroders and take control of the six-year old unit. The FTSE 100 titan is poised to buy out Schroders’ 49.9 per cent stake in Schroders Personal Wealth (SPW). The transaction would hand full control over to Lloyds as the bank sets out to expand [...]
Schroders assets plummet after foreign exchange crash Investing Assets at Schroders fell sharply in the first quarter of the year as the money manager significantly undershot expectations in both new cash coming into the business and market performance. Analysts had been expecting Schroders’ assets under management to dip slightly across the quarter, from £779bn to £775bn, but they instead plummeted to £758.4bn, the [...]
Schroders set to promote CFO Richard Oldfield to CEO September 5, 2024 Schroders is set to promote its chief financial officer Richard Oldfield to CEO after Peter Harrison announced in April that he would be retiring. Oldfield, who joined Schroders last year from PwC, will be promoted to the top role next year, according to reports in the FT. Oldfield worked as PwC for over 20 years, [...]