|Bid||3,023.00 x 0|
|Ask||3,025.00 x 0|
|Day's range||2,982.00 - 3,037.00|
|52-week range||2,289.00 - 3,226.00|
|Beta (3Y monthly)||1.21|
|PE ratio (TTM)||18.16|
|Forward dividend & yield||1.14 (3.99%)|
|1y target est||3,276.00|
Peter Hetherington has been appointed as chief executive of Schroders Personal Wealth , the new wealth management joint venture owned by Schroders and Lloyds Banking Group that is due to launch in November ...
Peter Hetherington, former chief of online trading platform IG Group, has been named chief executive of the new wealth management business owned by Lloyds Banking Group and Schroders. joint venture finalises its November launch when it will have £13bn of assets under management and 30,000 clients.
British asset manager Schroders 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 , Amundi and Man Group 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.