|Bid||3,041.00 x 0|
|Ask||3,042.00 x 0|
|Day's range||3,041.00 - 3,126.00|
|52-week range||1,711.00 - 3,465.00|
|Beta (5Y monthly)||1.18|
|PE ratio (TTM)||18.28|
|Earnings date||30 Jul 2020|
|Forward dividend & yield||1.14 (3.78%)|
|Ex-dividend date||26 Mar 2020|
|1y target est||3,276.00|
British asset manager Schroders <SDR.L> said it will back companies seeking to protect their businesses from the economic hit of coronavirus, but warned any fresh capital-raising should result in a suspension of dividends and review of board pay. In an open letter to UK Plc dated April 1, seen by Reuters and reported earlier by the FT, Jessica Ground, global head of stewardship and Sue Noffke, head of UK equities at Schroders, said the virus created an unprecedented challenge.
Investment managers BlackRock <BLK.N> and Schroders <SDR.L> have suspended trading in UK real estate funds aimed at institutional investors, citing difficulty in getting an accurate price for their assets. The suspension of the funds with quarterly or monthly redemptions, whose assets total nearly 6 billion pounds, follows the freezing last month of several funds aimed at retail investors, which allow people to get their money out daily. Regulators have expressed concern about funds that invest in illiquid assets but allow investors to get their money out regularly.
British money manager Schroders <SDR.L> said total assets passed £500 billion for the first time on the back of inflows of client cash from a large mandate win and a wealth management tie-up with Lloyds Banking Group <LLOY.L>. Schroders said its strategy of expanding wealth management, private assets and providing a broader range of asset management 'solutions' to clients was doing well, helping outweigh a dip in full-year profit on higher costs and a lower revenue margin. "We are pleased that the structural changes we have made in our business have delivered a resilient performance with record net new business of 43.4 billion during the year," Chief Executive Peter Harrison said in a statement.
Antler is a "company builder" that emerged a couple of years ago, running startup generator programs and investing from an early stage, bringing a heady mix of technologists, product builders and operators together with its own technology stack. Now, plenty of "company builders" have come and gone. It has made more than 120 investments across a wide range of companies, with several going on to raise later-stage funding from the likes of Sequoia, Golden Gate Ventures, East Ventures, Venturra Capital and the Hustle Fund.
Iran's missile attack on U.S. army bases in Iraq overnight sent gold blasting above $1,600 an ounce, boosted the Japanese yen by almost 1% and oil by $3 a barrel. It was the second volte face in under a week following a similar pattern of events after the U.S. killing of top Iranian commander Qassem Soleimani on Friday. Welcome to the brave new world where it appears that little short of full-fledged world war between nuclear-armed powers would be required to have a durable impact on financial markets.
British asset manager Schroders <SDR.L> is restructuring its business to put more emphasis on growth areas such as private assets and wealth management, it said on Wednesday, in a move that will lead to job cuts. Managers who make active investment decisions have been struggling to outperform markets in recent years, heaping pressure on them to lower their fees as more investors opt for cheaper, index-tracking funds. Schroders said in a statement it was "realigning our resources...to continue investing where we see strategic growth opportunities," adding that it had also "undertaken a targeted restructuring of teams".
Shares in Woodford Patient Capital Trust, founded by veteran money manager Neil Woodford, dropped as much as 7% on Monday after the fund cut the valuation of one of its major holdings. WPCT last month named asset manager Schroders to manage its portfolio after the abrupt exit of Woodford following the winding up of his flagship equity income fund. WPCT's net asset value will drop by 4.3 pence following the downward valuation of IH Holdings, a unit of cold fusion technology firm Industrial Heat, as well as the upward valuation of another unnamed company, the fund said in a statement.
Woodford Patient Capital Trust (WPCT) <WPCT.L> named asset manager Schroders <SDR.L> to manage its portfolio on Thursday after last week's abrupt exit of its founder Neil Woodford. Woodford, one of Britain's most high-profile fund managers, resigned as he shut his business after administrators closed his flagship equity income fund. It will be renamed Schroder UK Public Private Trust when Schroders takes over the management of the assets, expected by the end of the year, and the new management team will stick to WPCT's existing strategy of investing largely in unlisted firms.
British asset manager Schroders <SDR.L> said pretax profits fell 14% in the first half, hit by weak markets at the start of the year and outflows of client cash. Net outflows over the period were 1.2 billion pounds, it said in a statement on Thursday. Weaker investor sentiment has been a feature of results from most of Schroders' peers, with Jupiter Fund Management <JUP.L>, Amundi <AMUN.PA> and Man Group <EMG.L> among those to report outflows in recent days.
Zurich-based BlueOrchard, founded in 2001, puts money into projects that pay returns based on hitting non-financial targets, often linked to social development or the environment. The deal gives the British company access to BlueOrchard's about $3.5 billion (£2.8 billion) assets under management as of May 30. "Schroders has a strong belief in the value that investment can create in society, particularly within emerging and frontier markets.