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Schroders PLC (SDRt.L)

SDRt.L on London Stock Exchange

2,400.00GBp
24 Apr 2019
Change (% chg)

15.00 (+0.63%)
Prev Close
2,385.00
Open
2,390.00
Day's High
2,425.00
Day's Low
2,390.00
Volume
38,273
Avg. Vol
37,750
52-wk High
2,730.00
52-wk Low
1,952.12

Latest Key Developments (Source: Significant Developments)

Schroders appoints Leonie Schroder to board, succeeds Bruno Schroder
Thursday, 7 Mar 2019 

March 7 (Reuters) - Schroders PLC ::SAYS SCHRODERS PLC TODAY ANNOUNCES APPOINTMENT OF TWO NEW DIRECTORS, DEBORAH WATERHOUSE AND LEONIE SCHRODER, EFFECTIVE 11 MARCH 2019.SAYS DEBORAH WATERHOUSE, CHIEF EXECUTIVE OF VIIV HEALTHCARE, WILL JOIN BOARD AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR AND LEONIE SCHRODER WILL JOIN BOARD AS A NON-INDEPENDENT NON-EXECUTIVE DIRECTOR.SAYS AS PART OF NOMINATIONS PROCESS, COMPANY ALSO ENGAGED WITH A NUMBER OF MAJOR INSTITUTIONAL SHAREHOLDERS. ALL INDICATED SUPPORT FOR PROPOSAL TO APPOINT LEONIE SCHRODER.  Full Article

Schroders Posts 13.749 Pct Stake In Provident Financial Vs Earlier 12.361 Pct Stake
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Provident Financial PLC ::SCHRODERS REPORTS A STAKE OF 13.749% IN PROVIDENT FINANCIAL COMPARED TO AN EARLIER STAKE OF 12.361% - FILING.  Full Article

Schroders Wealth Management Announces Acquisition Of Thirdrock Group
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Schroders Wealth Management::SCHRODERS WEALTH MANAGEMENT ANNOUNCES ACQUISITION OF THIRDROCK GROUP.THIRDROCK GROUP WILL BE MERGED WITH SCHRODERS’ SINGAPORE BUSINESS & OPERATE UNDER BRAND SCHRODERS WEALTH MANAGEMENT.JASON LAI, CEO OF THIRDROCK, WILL TAKE ON LEADERSHIP OF SCHRODERS WEALTH MANAGEMENT IN ASIA.THIRDROCK GROUP EMPLOYEES WILL TRANSITION TO SCHRODERS WEALTH MANAGEMENT OFFICES IN SINGAPORE AND HONG KONG.  Full Article

Schroders Raises Stake In MySale Group To 15.371 Pct From 11.983 Pct - Filing
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - MySale Group PLC ::SCHRODERS PLC RAISES STAKE IN MYSALE GROUP PLC TO 15.371 PERCENT FROM 11.983 PERCENT - FILING.  Full Article

Schroders & Lloyds Announce Strategic Partnership
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Lloyds Banking Group PLC ::SCHRODERS & LLOYDS ANNOUNCE STRATEGIC PARTNERSHIP.SCHRODERS AND LLOYDS ANNOUNCE WEALTH MANAGEMENT STRATEGIC PARTNERSHIP AND AGREEMENT TO MANAGE £80BN OF SCOTTISH WIDOWS AND LLOYDS ASSETS.CO, LLOYDS BANKING GROUP ANNOUNCE THAT THEY ARE ENTERING STRATEGIC PARTNERSHIP TO CREATE WEALTH MANAGEMENT PROPOSITION.LLOYDS AND SCHRODERS WILL ESTABLISH A NEW FINANCIAL PLANNING JOINT VENTURE COMPANY ('JV') FOR AFFLUENT CUSTOMERS.LLOYDS WILL OWN 50.1% OF SHARE CAPITAL AND SCHRODERS REMAINING 49.9% IN NEW JV.LLOYDS WILL TRANSFER APPROXIMATELY £13 BILLION OF ASSETS AND ASSOCIATED ADVISERS FROM ITS EXISTING WEALTH MANAGEMENT BUSINESS TO THE JV.JV WITH LLOYDS AIMS TO COMMENCE ACTIVITIES BY END OF H1 2019 & TO BE LED BY A MANAGEMENT TEAM COMPRISING REPRESENTATIVES FROM BOTH PARTNERS.ANTONIO LORENZO, CHIEF EXECUTIVE OF SCOTTISH WIDOWS AND GROUP DIRECTOR OF INSURANCE & WEALTH WILL BE CHAIRMAN OF JV.JAMES RAINBOW, SCHRODERS' CO-HEAD OF UK INTERMEDIARY, WILL BE CHIEF EXECUTIVE OF JV.LLOYDS WILL RECEIVE UP TO A 19.9% FINANCIAL INVESTMENT IN HOLDING COMPANY OF SCHRODERS' UK WEALTH MANAGEMENT BUSINESS.LLOYDS TO TRANSFER ABOUT £400 MILLION OF EXISTING PRIVATE CLIENT ASSETS UNDER MANAGEMENT TO SCHRODERS' UK WEALTH MANAGEMENT BUSINESS.LLOYDS REMAINS CONFIDENT IN RIGHTS TO TERMINATE CURRENT ASSET MANAGEMENT AGREEMENTS; EXPECTS ARBITRATION PROCESS TO CONCLUDE EARLY NEXT YR.  Full Article

Lloyds Banking Group Is To Inject Its 13 Billion Stg Wealth Management Arm Into A New Joint Venture With Schroders - Sky News
Sunday, 7 Oct 2018 

Oct 7 (Reuters) - :LLOYDS BANKING GROUP IS TO INJECT ITS 13 BILLION STG WEALTH MANAGEMENT ARM INTO A NEW JOINT VENTURE WITH SCHRODERS - SKY NEWS.THE DEAL WILL SEE LLOYDS OWNING 50.1%‎ OF THE NEW JV, WITH SCHRODERS OWNING THE REST - SKY NEWS.DEAL IS A THREE-PRONGED TIE-UP BETWEEN THE COS, WITH SCHRODERS TAKING ON A 109 BILLION STG INVESTMENT MANAGEMENT CONTRACT FROM LLOYDS-OWNED SCOOTTISH WIDOWS- SKY NEWS.THIRD LEG OF THE LLOYDS-SCHRODERS TIE-UP INVOLVES CAZENOVE CAPITAL- SKY NEWS.LLOYDS WOULD ACQUIRE A 19.9% STAKE IN THE DIVISION AS PART OF OVERALL AGREEMENT, CAZENOVE CAPITAL WOULD NOT BE DIRECTLY INVOLVED IN THE NEW JV- SKY NEWS.  Full Article

Schroders Says It Is In Discussions With Lloyds Banking Group PLC With A View To Working Closely Together In Parts Of The Wealth Sector - Spokesperson
Sunday, 7 Oct 2018 

Oct 7 (Reuters) - :SCHRODERS SAYS IT IS IN DISCUSSIONS WITH LLOYDS BANKING GROUP PLC WITH A VIEW TO WORKING CLOSELY TOGETHER IN PARTS OF THE WEALTH SECTOR - SPOKESPERSON.  Full Article

Schroders Cuts Stake To 5.13 Pct In Halfords Group
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Halfords Group PLC ::SCHRODERS PLC CUTS STAKE TO 5.134 PERCENT FROM 9.975 PERCENT IN HALFORDS GROUP PLC - FILING.  Full Article

Swiss Helvetia Fund Announces Tender Offer And Stock Dividend
Friday, 24 Aug 2018 

Aug 23 (Reuters) - Swiss Helvetia Fund Inc ::THE SWISS HELVETIA FUND, INC. ANNOUNCES TENDER OFFER AND STOCK DIVIDEND.SWISS HELVETIA FUND - PENDING COMPLETION OF TENDER OFFER, FUND SUSPENDED PREVIOUSLY ANNOUNCED STOCK REPURCHASE PROGRAM.SWISS HELVETIA FUND - APPROVED TENDER OFFER TO PURCHASE UP TO 65% OF FUND'S OUTSTANDING SHARES FOR CASH AT PRICE EQUAL TO 98% OF NET ASSET VALUE/SHARE.SWISS HELVETIA FUND INC - DETERMINED TO SUSPEND ANY DISTRIBUTIONS THAT WOULD OTHERWISE BE PAYABLE PURSUANT TO FUND'S MANAGED DISTRIBUTION PLAN.SWISS HELVETIA FUND INC - PRIOR TO COMMENCING TENDER OFFER, INTENDS TO DISPOSE OF A SIGNIFICANT PORTION OF ITS PORTFOLIO SECURITIES.SWISS HELVETIA FUND - MAY PURCHASE IN TENDER OFFER ADDITIONAL SHARES NOT TO EXCEED 2% OF FUND'S OUTSTANDING SHARES WITHOUT AMENDING/EXTENDING OFFER.SWISS HELVETIA FUND - PRIOR TO COMMENCING TENDER OFFER, INTENDS TO DISTRIBUTE SUBSTANTIALLY ALL ITS REALIZED CAPITAL GAINS TO STOCKHOLDERS.  Full Article

Schroders Cuts Stake In Consort Medical To Below 5 Pct From 9.508 Pct- Filing
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Consort Medical PLC ::SCHRODERS PLC CUTS STAKE IN CONSORT MEDICAL PLC TO BELOW 5 PERCENT FROM 9.508 PERCENT- FILING.  Full Article

Schroders-Lloyds wealth joint venture announces management team

LONDON Schroders Personal Wealth, a planned joint venture between asset manager Schroders and Lloyds Banking Group, announced its management team on Tuesday.