Schroders' net inflows fall as AuM boosted by sterling collapse
3rd Nov 2016 07:04
(ShareCast News) - Fund manager Schroders reported flat profits in the first nine months of the year as its assets under management increased despite a fall in net inflows. For the nine months ended 30 September, the FTSE 100 company had £375bn assets under management, a 27% increase from last year,
Read moreRBS upgrades Schroders on diversification appeal and non-voting discount
21st Jan 2016 15:10
(ShareCast News) - Schroders current share price offers an attractive entry point for investors, having dropped said RBC Capital Markets as it upgraded the asset manager to 'outperform'. Setting a price target of 3,100p that offers more than 25% upside, RBC said Schroders had the strongest balance s
Read moreFriday tips round up: Schroders, Nintendo
31st Jul 2015 11:11
(ShareCast News) - Investors in Schroders should take profits now shares have come a long way and income from them is underwhelming, The Times' Tempus column said. Tempus said shares in fund managers are starting to look very expensive, and Schroders has always commanded a premium. The fund's half
Read moreSage Chairman makes most of lower share price after CEO retirement news
9th May 2014 16:14
Sage Chairman Donald Brydon has purchased 15,000 shares in the company following the surprise announcement of the retirement of its Chief Executive Officer (CEO) by March next year. The FTSE-100 software firm saw its shares spiral following the news, despite it also reporting a 5% increase in half
Read morePerform directors make triple sale and donate to charity
31st Aug 2012 16:42
Simon Denyer, a joint Chief Executive Officer of Perform, sold around 1.1m shares on Friday, just one day after the digital sports media company announced it had swung to a profit in the first half of the year. Denyer (and related parties) sold a total of 1,100,720 shares for £4.15m. He also made
Read moreSchroders extends reach in India
27th Apr 2012 15:02
Asset manager Schroders is to take a substantial stake in the Indian asset management business of Axis Bank. Schroders is acquiring 25% of Axis Asset Management Company (Axis AMC), a company which has assets of around $2.3bn under management. The transaction is subject to regulatory approval and i
Read moreFTSE 100 movers: Aggreko up on strong revenues
9th Mar 2012 12:54
Temporary power and temperature control solutions provider Aggreko was a top riser after it saw strong growth in revenues in 2011 despite going up against tough comparative figures from 2010, a year which saw the FIFA World Cup, the Winter Olympics and the Asian Games. Group revenue rose 14% to £1,
Read moreFTSE 100 movers: Double resignation hits Schroders' shares
8th Mar 2012 13:15
Both the Chairman and the Chief Investment Officer at asset management firm Schroders have announced their intention to step down from their respective roles, a move which caused shares to take a swift dive. Meanwhile, miners were among the highest risers of the day, with Kazakhmys, Antofagasta, V
Read moreLondon open: Footsie heads lower as G20 heats up
3rd Nov 2011 09:08
BThe Footsie fell lower on Thursday morning, with investors keeping a cautious eye on developments in the Eurozone, as the G20 Summit begins to heat up in Cannes. GREEK ROWS ONGOING It's now make-or-break time for Greek prime minister George Papandreou, after German chancellor Angela Merkel and Fr
Read moreFTSE 100 Movers: BP rises on settlement
17th Oct 2011 12:47
BP was rising high after reaching a settlement with its US counterpart Anadarko over the Deepwater Horizon rig explosion at the Macondo asset in the Gulf of Mexico. Anadarko will pay BP $4bn in a single cash payment, which will go into the $20bn trust fund BP set up to meet individual, business and
Read moreLondon close: Greek concerns weigh on financials
20th Jun 2011 16:43
The Footsie finished moderately lower on Monday afternoon as Greek debt crisis dragged on. Financials were among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the c
Read moreFTSE 100 movers: RBS leads financials lower
20th Jun 2011 16:01
Financials are among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the country. RBS, Man Group, Hargreaves Lansdown and Schroders were the worst four performers as o
Read moreLondon close: Late rally helped by the US
6th May 2011 16:41
The Footsie finished over 1% higher as an afternoon rally was helped by some better-than-expected US non-farm payrolls figures. According to the Bureau of Labor Statistics, non-farm payrolls rose by 244,000 in the month of April, while consensus had been pointing to a gain of 198,000. Banking gian
Read moreFTSE 100 movers: Cairn results well received
22nd Mar 2011 13:55
Cairn Energy is higher following its 2010 results, even though there was no news on the Cairn India stake sale to Vedanta Resources. Cairn posted a net profit of $1.08bn in 2010. An update on the oil explorer's plans for Greenland was generally well received. RBS analyst Phil Corbett said that Gre
Read moreFTSE 100 movers: Schroders moves higher
9th Aug 2010 15:31
The rising stock market and last week's strong interim figures have made fund manager Schroders the best performer in the Footsie. Funds under management were £164bn at the end of June 2010, up from £148.4bn at the end of 2009. Legal & General and Barclays - the shares go ex-dividend on Wednesday
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