Sector movers: Schroders results boost financials

9th Nov 2010 16:30

Fund manager Schroders is helping lift the financial services sector higher.Profits rocketed at the company during the third quarter to more than twice the figure for last year thanks in part to net inflows of £5.4bn since the end of June.The company made £94.5m in the three months to 30 September compared with £43.6m a year ago. That takes nine-month profit to £282.7m from £79.9m in 2009.The real estate sector is slightly lower, with Capital & Counties among the stocks weighing on the sector after its update.The central London-focused property group has reported strong trading across the business during the period between the start of July and November 9, but the shares fell back.Top performing sectors so far todayForestry & Paper 5,665.73 +3.14%Alternative Energy 3,491.88 +2.54%Automobiles & Parts 4,187.48 +1.99%Mining 26,563.08 +1.89%Financial Services 5,992.95 +1.71%Bottom performing sectors so far todayFood & Drug Retailers 4,766.27 -0.99%Real Estate Investment & Services 1,547.92 -0.90%Personal Goods 17,815.46 -0.81%Industrial Transportation 2,384.35 -0.70%Mobile Telecommunications 3,983.66 -0.69%