Lloyds and Schroders confirm plan to create financial planning joint venture
Lloyds and Schroders hope the financial planning business will become one of the UK’s top three within five years.
Company
Schroders PLC
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.
92 stories · page 3 of 5
Schroders posts increase in third quarter assets, led by institutional demand
The recent performance of assets managers has been mixed as Brexit uncertainty and concerns global trade and political tensions weigh on investor sentiment
Investments and investor services
FTSE 100 closes positively as PM Theresa May says gov't is working towards a good Brexit deal
Britain's blue-chip benchmark finished up around 31 points at 7,029
Berenberg analysts like the look of a possible Schroders-Lloyds tie-up
“We believe both aspects of the deal bring strategic benefits to Schroders. At the very least, it demonstrates a corporate dynamism not previously associated with Schroders”
Lloyds in talks to merge wealth-management arm into joint venture with Schroders
The UK's largest high street bank is expected to announce details of the potential deal later in October
Investments and investor services
FTSE 100 closes firmly in red as Italy causes jitters
In the currency markets, sterling is around flat against the Euro and down 0.43% against the US dollar.
Unilever withdraws plans to scrap dual listing and relocate out of UK
The FTSE 100-consumer goods giant said the proposal had “not received support from a significant group of shareholders” after it outlined the plans in September
FTSE 100 closes sharply lower as sterling gains and miners weigh
The UK blue - chip index finished down 99.8 points at 7,318, while FTSE 250 was also lower
Unilever downgraded to ‘hold’ by Jefferies as storm clouds gather on single listing and emerging markets
In a note to clients, Jefferies’ analysts said while the potential shift was a point of regret, the listing controversy was “a relative sideshow” with other near-term risks approaching
Investments and investor services
Lloyds and HSBC go ex-div, but has the BBQ summer saved Kingfisher’s first half?
Investors in the B&Q owner will be hoping for a BBQ boost sufficient to offset the springtime freeze.
Archive
Heatwave should provide a lift for BBQ and garden products at retailer Kingfisher
Aside from the DIY retailer's numbers, the Week Ahead diary includes updates from miner Antofagasta, and motor insurers Admiral and esure, plus a raft of key UK data
Schroders reports higher profits but shares fall as assets under management miss forecasts
Schroders said it delivered robust revenue growth against a "challenging backdrop"
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
Archive
Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
Schroders downgraded as tailwinds look set to peter out
Rising equity markets, accommodative central banks and kindly foreign exchange movements have all served to boost the performance of the asset manager and may have disguised any underlying decline in pricing
Schroders reports quarterly decline in funds under management
Schroders said total assets fell to £438.1bn at the end of March from £447mln at January 1
Investments and investor services
FTSE 100 plunges 1.23% to below 7,000 after BoE rate decision
In the currency markets, the pound is up 0.13% against the Euro, but down 0.20% against the US dollar.
Investments and investor services
Genel Energy and Ted Baker in the spotlight ahead of Thursday’s results
The Kurdistan oil and gas business releases its results on Thursday, while investors will be hoping to see continued momentum for the fashion retailer.
Schroders posts strong full-year results, boosted by market gains, acquisitions, fund inflows
The blue-chip fund manager reported a 23% jump in 2017 pre-tax profit to £760.2mln, up from £618.1mln and above the consensus forecast for £728.5mln
FTSE 100 finishes a whisker from record high as BoE points to gradual rate hike
The FTSE 100 closed out Thursday up around 67 points at 7,555.