Greenwashing: UK firms to face crackdown next year
The Competition and Markets Authority will start a full review in early 2022
Company
LON:SDR
Schroders PLC is an asset management company. The segments of the company are Asset Management, Private Banking, Private Equity and Group. Asset Management comprises investment management, including advisory services, property, life company business and alternative assets.
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The Competition and Markets Authority will start a full review in early 2022
Investments and investor services
The watchdog said it carried out a "rigorous review process" that considered organisations' investment styles, sizes and types
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“We expect markets to look beyond the short term on cases peaking, vaccine approvals and expansion,” Amish Shah, an analyst at Bank of America Securities India said in a note on Tuesday. The stabilization of new cases in Maharashtra state,
A two-minute explainer on how index trackers and other such vehicles differ from actively managed funds
The pandemic continues to pose macro-economic uncertainty and will provide an environment that is favourable for active investment decision-making, Schroders said
Assets under management ended last month at £536.3bn, up 2% over the quarter
Two other UK focused funds are still looking to float and take advantage of the value in smaller companies trading in London
Net inflows of £38.1bn were recorded in the first half, led by continued demand for the asset management arm’s strategies and in wealth management
Schroders is not seeking any government assistance globally, nor will it furlough any employees or enact any related redundancy programmes.
The new joint venture with Lloyds Banking Group led to the creation of Schroders Personal Wealth and saw £12.6bn of client investments transferred over, with another £32bn inflow from the transfer of the Scottish Widows mandate
Investments and investor services
Citigroup analysts predict the winners will be “those with scale, niche focus, or strong captive distribution networks”, qualities which they do not see in the UK names
The broker reiterated the “hold” recommendation, saying it will be changed only if Schroders falls to “extreme valuation levels”
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On 1 August, other half-year updates include British American Tobacco, Barclays, Standard Chartered and Capita
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The Day Ahead will bring trading updates from the likes of stores groups Halfords, Topps Tiles, and WH Smith
US corporate governance firm Glass Lewis has urged shareholders to vote against the appointment of Leonie Schroder
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The UK blue-chip index finished down nearly 34 at 7,351, while its mid-cap cousin FTSE 250 lost over 127 points
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On the corporate front there will be another big batch of blue-chip updates to digest, notably from oil major Shell and banking giant Lloyds
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IGas and Gulf Keystone are on the agenda, meanwhile Brexit will likely be a talking point for Eddie Stobart Logistics.
For the year ended December 31, the FTSE 100-listed fund manager reported a 5% fall in pre-tax profit before exceptional items to £761.2mln, down from £800.3mln a year earlier
Margins will be a key area of focus for investors assessing the third quarter results of Lloyds on Thursday