|Bid||2,968.00 x 0|
|Ask||2,971.00 x 0|
|Day's range||2,960.00 - 3,003.00|
|52-week range||1,711.00 - 3,465.00|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||16.89|
|Earnings date||30 Jul 2020|
|Forward dividend & yield||1.14 (3.78%)|
|Ex-dividend date||26 Mar 2020|
|1y target est||3,276.00|
This Fool takes a look at two of the most successful businesses in the FTSE 100 that may continue to produce returns for investors for many years to come. The post £10k to invest? I'd buy these FTSE 100 stocks to retire on appeared first on The Motley Fool UK.
Schroders reported net new business of 30.4 billion pounds on Thursday, largely thanks to an influx of assets from the Scottish Widows investment mandate, offsetting a fall in assets under management to 471 billion pounds ($587.81 billion). "During this period of extreme market volatility and social and economic uncertainty, the business has proven to be resilient," Chief Executive Peter Harrison said in a statement. Schroders posted record assets of more than 500 billion pounds in March.
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 ($7.5 billion), 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.
(Bloomberg Opinion) -- The 2017 merger that forged Standard Life Aberdeen Plc was designed to create a company able to compete in the $1 trillion club of the world’s largest asset managers. On its current trajectory, however, the firm, now led by Keith Skeoch after co-Chief Executive Officer Martin Gilbert stepped down last year, won’t even be able to hang on to its status as the U.K.’s biggest stand-alone fund.Last year, Standard Life Aberdeen reached a settlement with Lloyds Banking Group Plc, after the bank attempted to cancel a contract with the fund manager to oversee 104 billion pounds ($136 billion) of assets. An arbitration agreement left 35 billion pounds in place until at least April 2022.But Standard Life Aberdeen’s loss has been Schroders Plc’s gain. Lloyds transferred almost 45 billion pounds to Schroders by the end of last year, and a further 30 billion pounds is poised to move across in the first half of this year. As things stand, Schroders, led by Peter Harrison since 2016, is set to become top dog in the U.K. fund industry.On Tuesday, Standard Life Aberdeen reported that its total assets were 544.6 billion pounds at the end of last year. Net outflows in 2019 were 17.4 billion pounds, excluding that Lloyds money, better than the 40.9 billion pounds that it bled in 2018 but still heading in the wrong direction.More than bragging rights are at stake when counting assets to measure the market leaders in pure fund management. (Legal & General Plc’s investment arm is a bigger player in the U.K. with 1.2 trillion pounds of assets, but it’s tied to an insurance company.) The bigger the pile of other people’s money a firm manages, the more revenue it can generate. Despite an ongoing post-merger cost-cutting program, Standard Life Aberdeen’s cost-to-income ratio has been hurt by a decline in revenue, climbing to 71% in 2019 from 68% at the end of 2018.To be sure, those 2020 asset numbers aren’t set in stone for either Standard Life Aberdeen or for Schroders. The former beat the analysts’ consensus for 2019 by about 3%, so the forecasts for this year could move higher. Standard Life Aberdeen may yet be able to hang on to its U.K. crown. But with equity markets currently in meltdown around the world, the first quarter is likely to prove tough for active managers with customers fleeing to the sidelines. Standard Life Aberdeen is well outside of the global top 10 in asset management; on current trends, it’s unlikely to make it into the top tier any time soon.To contact the author of this story: Mark Gilbert at firstname.lastname@example.orgTo contact the editor responsible for this story: Melissa Pozsgay at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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.
Asset managers must take immediate steps to write and implement plans to stop using the Libor interest rate benchmark in financial contracts, Britain's Financial Conduct Authority said on Thursday. The London Interbank Offered Rate or Libor, which banks were fined billions of dollars for trying to rig, is set to cease by the end of 2021, the watchdog said in a "Dear CEO" letter to asset management bosses. "If your firm has Libor exposures or dependencies, your transition activities should now be underway," the FCA said.
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".
Schroders (LON:SDR) is a large cap asset and wealth management company which splits its operations between Asset Management and Wealth Management. Right now th8230;
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) named asset manager Schroders 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.
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 money manager Schroders said on Tuesday that assets under management at the end of September were 450.8 billion pounds ($569.23 billion), up from 407.2 billion pounds at the start of the year. The growth was driven by an increase in assets across its asset management and wealth management units and marks a 1.4% increase from the end of the June period.
GlaxoSmithKline and AstraZeneca will each present trial data on a promising new class of drugs against ovarian cancer on Saturday as Britain's top drugmakers compete to burnish their oncology credentials. Both companies have already flagged that their respective drug candidates, part of a class known as PARP inhibitors, did well in staving off a return of ovarian cancer in women that had responded to initial standard treatment. Many cancer cells have a limited ability to make DNA repairs during cell division, as healthy cells would.
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.
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.
British asset manager Schroders Plc said on Friday it has agreed to acquire a majority stake in Swiss impact investor BlueOrchard Finance Ltd for an undisclosed sum. 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 assets under management as of May 30.