UPDATE 2-Britain's Schroders marks $645 bln asset record as profit dips [Reuters (UK)]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: Reuters
UPDATE 2-Britain's Schroders marks $645 bln asset record as profit dips - Reuters 3 Min Read * Total assets pass 500 bln stg for the first time * Boosted by inflows from Scottish Widows mandate, Lloyds JV * Shares up 0.7% in weaker FTSE 100 (Recasts, adds detail from statement, background, share reaction, analyst reaction) By Simon Jessop LONDON, March 5 (Reuters) - British money manager Schroders said total assets passed 500 billion pounds ($645 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. 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
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- 12/20/24 - Form 6-K
- 12/19/24 - Form 6-K
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- LYG's page on the SEC website