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India

Schroders PLC (SDR.L)

SDR.L on London Stock Exchange

3,699.00GBp
23 Jan 2018
Change (% chg)

11.00 (+0.30%)
Prev Close
3,688.00
Open
3,710.00
Day's High
3,710.00
Day's Low
3,692.00
Volume
32,680
Avg. Vol
348,036
52-wk High
3,743.00
52-wk Low
2,885.00

Latest Key Developments (Source: Significant Developments)

BofA Merrill says MIFID II to be a challenge for overall equity environment
Monday, 22 Jan 2018 

Jan 22 (Reuters) - :MIFID II: BOFA MERRILL SAYS MIFID II LIKELY TO PUT PRESSURE ON ASSET MANAGERS’ FEES, OPERATING MARGINS; TO BE CHALLENGE FOR OVERALL EQUITY ENVIRONMENT.MIFID II: BOFA MERRILL SAYS ESTIMATES 1-4% HIT TO EARNINGS FOR EUROPEAN ASSET MANAGERS AS THEY ABSORB COST FROM UNBUNDLING OF PAYMENTS FOR RESEARCH.MIFID II: BOFA MERRILL SAYS MOST AFFECTED FROM MIFID II RESEARCH UNBUNDLING ARE UK ASSET MANAGERS (MAN GROUP, SCHRODERS, JUPITER) AND AMUNDI.MIFID II: BOFA MERRILL SAYS ESTIMATES REVENUE POOL FOR EUROPEAN EQUITY RESEARCH IS LIKELY TO SHRINK BY ABOUT 30% TO ABOUT $1.1 BILLION AS USAGE DECLINES.MIFID II: BOFA MERRILL SAYS OVERALL IT IS CAUTIOUS ESPECIALLY ON THE UK ASSET MANAGERS DUE TO THE COSTS OF REGULATION.MIFID II: BOFA MERRILL SAYS FORECASTS FEE MARGIN DECLINES STEMMING FROM MIFID II CHANGES FOR ITALIAN ASSET GATHERERS OF AZIMUT AND BANCA MEDIOLANUM.MIFID II: BOFA MERRILL SAYS UNBUNDLING PROVISIONS LIKELY TO REDUCE RESEARCH CONTENT, ESPECIALLY ON SMALL AND MIDCAPS.MIFID II: BOFA MERRILL SAYS IF REDUCTION IN RESEARCH CONTENT OCCURS, IT COULD DAMAGE BOTH LIQUIDITY AND THE HEALTH OF IPO MARKETS.MIFID II: BOFA MERRILL SAYS OVERALL, IT DOES NOT VIEW MIFID II AS A HELPFUL PACKAGE FOR THE EQUITY EXCHANGES.  Full Article

Schroders CEO says retail demand holding up after Brexit vote
Thursday, 28 Jul 2016 

Schroders Plc : CEO Peter Harrison says multi-asset funds in favour; saw outflows from Australia clients, but Asian demand still on-track. . CEO says intermediary outflows focused on equities, but post Brexit has seen no noticeable deterioration in retail demand. .CEO says technology investment the main drag on profit..  Full Article

UK's FCA says Damian Clarke sentenced for insider dealing
Monday, 13 Jun 2016 

Financial Conduct Authority : Former equities trader at Schroders Investment Management sentenced for insider dealing . Damian Clarke has today been sentenced to two years imprisonment having pleaded guilty to nine counts of insider dealing . Offences were committed over a 9 year period between october 2003 and november 2012 & total profits made from clarke's insider dealing amount to at least £155,161.98 (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

MOVES- Schroders, Aviva, TPG Capital

Jan 16 The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email moves@thomsonreuters.com.