Schroders has posted solid results for 2017 with profits before tax jumping 23% and net inflows reaching almost £10bn, compared to just £1.1bn in 2016, while performance fees in the firm's asset management business doubled.
The investment manager said profit before tax was £760.2m, a 23% climb on the previous year's £618.1m, while net operating revenue increased 17% to £2bn, up from £1.7bn in 2016. Net income rose by 15%...
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