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Schroders


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BNP Paribas swoop on AXA fund business fuels hopes for more deals

RPT-ANALYSIS-BNP Paribas swoop on AXA fund business fuels hopes for more deals Repeats story published on Aug. 2 with no change to text. By Mathieu Rosemain, Andres Gonzalez and Iain Withers PARIS/LONDON, Aug 2 (Reuters) - BNP Paribas' BNPP.PA talks to buy the investment business of insurer AXA AXAF.PA will trigger more deals, bankers say, as European money managers seek to fend off U.S.
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BNP Paribas swoop on AXA fund business fuels hopes for more deals

RPT-ANALYSIS-BNP Paribas swoop on AXA fund business fuels hopes for more deals Repeats story published on Aug. 2 with no change to text. By Mathieu Rosemain, Andres Gonzalez and Iain Withers PARIS/LONDON, Aug 2 (Reuters) - BNP Paribas' BNPP.PA talks to buy the investment business of insurer AXA AXAF.PA will trigger more deals, bankers say, as European money managers seek to fend off U.S.
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BNP Paribas swoop on AXA fund business fuels hopes for more deals

ANALYSIS-BNP Paribas swoop on AXA fund business fuels hopes for more deals Updates to add graphic By Mathieu Rosemain, Andres Gonzalez and Iain Withers PARIS/LONDON, Aug 2 (Reuters) - BNP Paribas' BNPP.PA talks to buy the investment business of insurer AXA AXAF.PA will trigger more deals, bankers say, as European money managers seek to fend off U.S. rivals and as customers demand cheap technology-driven investing.
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BNP Paribas swoop on AXA fund business fuels hopes for more deals

ANALYSIS-BNP Paribas swoop on AXA fund business fuels hopes for more deals By Mathieu Rosemain, Andres Gonzalez and Iain Withers PARIS/LONDON, Aug 2 (Reuters) - BNP Paribas' BNPP.PA talks to buy the investment business of insurer AXA AXAF.PA will trigger more deals, bankers say, as European money managers seek to fend off U.S. rivals and as customers demand cheap technology-driven investing.
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UK fund manager Schroders slumps after profit miss

BUZZ-UK fund manager Schroders slumps after profit miss ** Shares of British fund manager Schroders SDR.L drop 7.9% to 361.8p; the biggest loser in FTSE 100 Index .FTSE ** Schroders misses profit forecasts and flagged pressure on its margins ** Schroders stock on track for biggest one-day pct fall since March 2020, if losses hold ** Stock is down ~
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Schroders shares slide as fee pressure leads to profit miss

UPDATE 3-Schroders shares slide as fee pressure leads to profit miss Adds CEO comments, context, updates shares By Iain Withers LONDON, Aug 1 (Reuters) - British fund manager Schroders SDR.L missed profit forecasts and flagged pressure on its margins in half-year results on Thursday, sending its shares sharply lower despite reporting record assets.
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Schroders Posts HY Oper Profit 315 Mln Stg

BRIEF-Schroders Posts HY Oper Profit 315 Mln Stg Aug 1 (Reuters) - Schroders PLC SDR.L : HY ASSETS UNDER MANAGEMENT (AUM) INCLUDING JOINT VENTURES AND ASSOCIATES REACHED A NEW HIGH OF £773.7 BILLION WILL REMAIN FOCUSED ON DELIVERING STRONG INVESTMENT OUTCOMES FOR CLIENTS HY OPERATING PROFIT WAS £315.0 MILLION HY NET OPERATING INCOME GBP 1,175.2 M
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UK Stocks-Factors to watch on August 1

UPDATE 1-UK Stocks-Factors to watch on August 1 Adds new items, updates futures Aug 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.3%. * SHELL: Shell SHEL.L reported a 19% quarter-on-quarter drop in profit to $6.3 billion, reflecting weaker refining margins and oil and gas trading, though still beat analysts' forecasts.
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Schroders misses half-year profit forecasts on fee pressure

CORRECTED-UPDATE 1-Schroders misses half-year profit forecasts on fee pressure Corrects to show profit fall to 315 million from 341.4 million pounds (not to 314.4 million from 315 million), in paragraph 2 LONDON, Aug 1 (Reuters) - British fund manager Schroders SDR.L missed profit forecasts and flagged pressure on its margins in half-year results on Thursday, despite reporting record assets as improved markets boosted its funds.
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Schroders reports record assets but flags pressure on fees

Schroders reports record assets but flags pressure on fees LONDON, Aug 1 (Reuters) - British fund manager Schroders SDR.L reported record assets under management of 773.7 billion pounds ($993.5 billion) on Thursday, but reported mixed results for the first half of the year with subdued flows and pressure on its fees. Schroders said net inflows of client cash for the six-month period amounted to 3.9 billion pounds but, stripping out joint ventures, it saw 3.9 billion pounds of outflows.
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UK Stocks-Factors to watch on August 1

UK Stocks-Factors to watch on August 1 Aug 1 - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.3%. * INTEREST RATES: The Bank of England looks in a position to cut interest rates on Thursday after holding them at a 16-year high of 5.25% for the past year, though markets and economists are far from certain the British central bank will take the plunge.
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British Business - Aug 1

PRESS DIGEST-British Business - Aug 1 Aug 1 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British insurer Phoenix Group PHNX.L and fund firm Schroders SDR.L have agreed to launch a private markets investment firm, with the aim of investing up to 20 billion pounds ($25.71 billion) into unlisted assets over the next decade.
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Financial Times - Aug 1

PRESS DIGEST-Financial Times - Aug 1 Aug 1 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Thames Water breaches licence conditions with fresh rating downgrade - Huw Edwards pleads guilty to accessing indecent images of children - Rio Tinto chief warns over 'big risk' of large acquisition - Phoenix and Schroders team up for private markets venture Overview - Thames Water has had its cr
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Phoenix, Schroders to launch venture to put pension cash into private markets

UPDATE 2-Phoenix, Schroders to launch venture to put pension cash into private markets Adds comments from executives in paragraphs 5-7 By Iain Withers LONDON, July 31 (Reuters) - British insurer Phoenix Group PHNX.L and fund management company Schroders SDR.L have agreed to launch a private markets investment firm to channel up to 20 billion pounds ($25.68 billion) into unlisted assets over the next decade.
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Phoenix, Schroders agree multi-billion pound private markets JV

CORRECTED-UPDATE 1-Phoenix, Schroders agree multi-billion pound private markets JV Corrects initial commitment to 1 billion pounds in paragraph 4 LONDON, July 31 (Reuters) - British insurer Phoenix Group PHNX.L and fund firm Schroders SDR.L have agreed to launch a private markets investment firm, with the aim of investing up to 20 billion pounds ($25.68 billion) into unlisted assets over the next decade.
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Phoenix, Schroders to launch private markets investment manager

BRIEF-Phoenix, Schroders to launch private markets investment manager July 31 (Reuters) - Phoenix Group Holdings PLC PHNX.L : PHOENIX, SCHRODERS TO LAUNCH PRIVATE MARKETS INVESTMENT MANAGER PHOENIX, SCHRODERS-INVESTMENT MANAGER, FUTURE GROWTH CAPITAL, AIMS TO DEPLOY UP TO 2.5 BILLION STG OVER THREE YEARS FROM PHOENIX GROUP PHOENIX, SCHRODERS-FUTURE
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Phoenix and Schroders to launch private markets venture

CORRECTED-Phoenix and Schroders to launch private markets venture Corrects initial commitment to 1 billion pounds in paragraph 3 LONDON, July 31 (Reuters) - British insurer Phoenix Group PHNX.L and fund firm Schroders SDR.L have agreed to launch a private markets investment manager, with the aim of investing up to 20 billion pounds ($25.68 billion) into private markets over the next decade.
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Schroders, Phoenix Plan Private-Market Firm For UK Pensioners To Deploy 10 Bln Stg To 20 Bln Stg In UK, Globally- Bloomberg News

BRIEF-Schroders, Phoenix Plan Private-Market Firm For UK Pensioners To Deploy 10 Bln Stg To 20 Bln Stg In UK, Globally- Bloomberg News July 31 (Reuters) - SCHRODERS, PHOENIX PLAN PRIVATE-MARKET FIRM FOR UK PENSIONERS; TO DEPLOY £10 BILLION TO £20 BILLION IN UK, GLOBALLY- BLOOMBERG NEWS Source https://tinyurl.com/4mntvpxh
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UK corporate earnings week ahead

DIARY-UK corporate earnings week ahead July 26 (Reuters) - Diary of U.K (.FTSE) corporate earnings for the week ahead UK EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 29-Jul-2024 BMO PSON.L Pearson PLC Half Year 2024 Pearson PLC Earnings Release 30-Jul-2024 22:30 RIO.L RIO.AX Rio Tinto PLC Rio Tinto Ltd Half Year 2024 Rio Tinto PLC Earnings Release 30-Jul-2024 NTS FRES.L Fresnillo PLC Half Year 2024 Fresnillo PLC Earnings Release 30-Jul-2024 NTS BP.L BP PLC Q2 2024 BP PLC Earn
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FTSE indexes supported by positive corporate update

UPDATE 1-FTSE indexes supported by positive corporate update For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.2%, FTSE 250 adds 0.8% Frasers shares jump as co reports higher annual profit Energy, consumer shares lead gains in FTSE 100 Updated at 1605 GMT By Purvi Agarwal and Roshan Abraham July 18 (Reuters) - British stocks rose on Thursday a fter a slew of positive corporate updates, while data showed UK wage growth slowed
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