|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||51.63 - 51.63|
|52-week range||35.32 - 52.40|
|Beta (5Y monthly)||1.23|
|PE ratio (TTM)||18.78|
|Forward dividend & yield||1.61 (3.32%)|
|Ex-dividend date||19 Aug 2021|
|1y target est||N/A|
Here's what you need to know as it played out on Thursday.
Low interest rates are bolstering money managers like Schroders, its chief executive said on Thursday as the British firm posted a jump in first-half profits and record high assets under management of 700.4 billion pounds ($977.7 billion). The low rate environment has been a major driver of flows into equities while competing assets of cash or fixed income were "very unattractive", CEO Peter Harrison told Reuters. Robust investor sentiment amid trillions of dollars in government stimulus has also helped, with Schroders saying demand for its mutual funds and higher margin equity products increased.
LONDON (Reuters) -British money manager Schroders is still considering how it will vote at upcoming court and shareholder meetings on Fortress Investment Group's attempt to take over supermarket chain Morrisons, its chief executive told Reuters. Morrisons this month agreed to a takeover led by SoftBank Group Corp-owned Fortress, which valued Britain's fourth-largest supermarket chain at 6.3 billion pounds ($8.8 billion) and topped a rival offer from Apollo.