Schroders profits fall in first half as it warns of 'headwinds'

Pedro Gonçalves
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Schroders' CEO Peter Harrison
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Schroders' CEO Peter Harrison

British asset manager Schroders said pretax profits fell 14% in the first half, hit by weak markets at the start of the year and total client net outflows of £1.2bn. The business reported pre-tax profits of £340.4m versus £397.1m in the first half of 2018, on net income of £1.03bn, down 5% from the same period of the year before.  Net outflows over the period were £1.2bn, it said in a statement this Thursday. Schroders said that a "risk off" environment in financial markets in 2019 was ...

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