Schroders fails to please investors despite selling £5bn more funds July 31, 2014 Blue-blooded fund manager Schroders yesterday reported record half-year profits but saw shares dip after falling short of analysts’ profit expectations. The FTSE 100 group, led by the former boss of Morgan Grenfell Michael Dobson, said pre-tax profits excluding exceptionals for the six months ending June rose to £261.5m – 15 per cent higher than last [...]
Schroders stays on top despite stronger pound May 1, 2014 CITY fund manager Schroders yesterday became the latest FTSE 100 giant to be hit by the surging value of the pound, after the currency wiped about £15m off stronger first quarter profits. The business, which makes almost 60 per cent of its revenue from overseas, said sterling’s strength against the Australian dollar, the Japanese yen [...]
Schroders beats expectations to set new record March 6, 2014 FUND manager Schroders rose to a record share price high yesterday after beating market expectations to deliver a big rise in annual profits. The blue-blooded money manager, led by chief executive Michael Dobson, saw shares close up over five per cent at £27.27 a share. Earlier in the day, Dobson had unveiled a 24 per [...]
Schroders signs deal for new headquarters January 6, 2014 SCHRODERS, Britain’s biggest listed asset manager, has completed a deal to lease the whole of Brookfield and Oxford Properties’ One London Wall Place in the City. The development, which is due to be completed in the second half of 2017, spans 310,000 square feet making it the largest pre-let agreement in the City of London [...]