Schroders upgrades Revolut stake in former Woodford trust by 85 per cent March 28, 2025 A Schroders trust formerly run by star stockpicker Neil Woodford has upgraded the value of its stake in Revolut by 85 per cent, implying the fintech firm is worth $48bn (£37.1bn). The Schroders valuation would put Revolut, which has been mulling an IPO for years, above the $45bn it was valued at last summer, though below [...]
Analysts upgrade Schroders stock amid cost-cutting drive March 20, 2025 RBC analysts have upgraded their Schroders’ stock price target after accounting for the group’s recently announced cost-cutting drive. Analysts at the bank upgraded Schroders’ target price from 395p to 475p, while it is currently trading at 379p, having surged 17 per cent since the start of 2025. The cost-cutting plan came as Schroders issued its [...]
Schroders to bear down on costs in major strategic overhaul March 6, 2025 Storied investment giant Schroders has unveiled a new three-year strategy alongside its full year results in an attempt to attract new business and and reign in spiralling costs. The FTSE 100 investor has promised to deliver £150m of annual net cost savings, of which it claims to have already delivered £20m in the first three [...]
Rachel Reeves urges financial services to back emerging markets February 20, 2025 Rachel Reeves has met with top financial services firms to urge them to work with development institutions and within “emerging markets”. The Chancellor met with firms including Aviva, HSBC and Schroders in Canary Wharf today, as she called on industry leaders to seize on growth opportunities and shore up London as a leader in development [...]
Wonks think a wave of asset management mergers is inevitable January 22, 2025 Across the European continent, a surge of mergers and acquisitions among asset managers has begun. Yesterday, Italian and French giants Generali and Natixis agreed to a €1.9 trillion (£1.61 trillion) merger to create the second largest asset manager in Europe. Meanwhile, BNP Paribas recently bought out AXA’s investment arm, and rumours continue to swirl about [...]
Schroders shares plummet after investors pull £2.3bn November 5, 2024 Schroders, one of the largest asset managers in the UK, has reported a jump in outflows over the last quarter, sending its stock price plummeting more than 14 per cent this morning.
Schroders names new finance chief and elevates investment boss to board September 26, 2024 Schroders has named a new chief financial officer and elevated its chief investment officer to the board in the FTSE 100 asset manager’s latest leadership reshuffle. Meagen Burnett, currently the firm’s chief operating officer, is due to take over the CFO role from Richard Oldfield, who is preparing to succeed outgoing chief executive Peter Harrison. [...]
Schroders launches first ‘retail’ LTAF with private equity focus September 25, 2024 Schroders has launched the UK’s first ever retail-focused Long-Term Asset Fund (LTAF), as the investment vehicle finally starts to become available to the wider market. The LTAF, which will be available to wealth managers with retail clients, is the first LTAF Schroders has launched not targeted at pension schemes, charities, or institutional investors. James Lowe, [...]
Meet the fund managers: Schroder REIT and property investing September 16, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Nick Montgomery, manager of Schroder REIT. How does your fund stand out from others in the same market? Whilst the whole sector has been impacted by the higher rate backdrop, which has weighed [...]
Schroders promotes former PwC executive to top job as Harrison steps down September 10, 2024 Schroders has confirmed the promotion of its finance chief to the top job today as long-time boss Peter Harrison prepares to step down in November. In a statement to the market, the FTSE 100 asset manager said Richard Oldfield, who has served as chief financial officer since last year, will take over the reins from [...]