Stay updated with breaking news from Peter Harrison. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
British asset manager Schroders saw assets under management edge up in 2023, in a sign some active managers are beginning to stem the flow of client cash shifting to passive rivals. ...
By Joe Hoppe Schroders reported a fall in pretax profit on restructuring costs, while revenue and assets under management rose. The FTSE 100 asset manager...
Schroders has announced its profits have fallen following "one of the most challenging years", but the firm has grown its assets under management (AUM) by 2% from £737.5bn to £750.6bn. The company's full-year financial results, published this morning (29 February) show pre-tax profits in 2023 were £487.6m, down from
Schroders PLC on Thursday delivered an improvement in assets under management in 2023 despite what it called one of the most challenging years in recent times. Shares in Schroders rose 1.6% to 391.00...
Schroders has reported hits to both its net operating revenue and operating profits for 2023 due to “headwinds” in the market.