Schroders’ adjusted operating profit has risen by 7% year-on-year to £316m, from £294.1m in the first half of 2024.
At the same time, assets under management remained broadly flat, down just under £2bn to £776.6bn in the first six months of the year. Schroders explained that, despite enjoying a £24bn uplift from positive market movements and investment performance, these were offset by foreign exchange movements due to a weaker US dollar. The firm said it has made "good progress" with its transformation programme, which has enabled it to cut operating expenses by £21m between January and end of June. Schroders pushes ahead to convert British Opportunities trust into purely private mandate with v...
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