Edition:
United Kingdom

Schroders PLC (SDR.L)

SDR.L on London Stock Exchange

2,540.00GBp
16 Nov 2018
Change (% chg)

11.00 (+0.43%)
Prev Close
2,529.00
Open
2,559.00
Day's High
2,586.00
Day's Low
2,528.00
Volume
327,224
Avg. Vol
384,421
52-wk High
3,784.00
52-wk Low
2,517.00

Latest Key Developments (Source: Significant Developments)

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
Thursday, 23 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 Raises Stake In TP ICAP To 14.9 Pct From 9.9 Pct - Filing
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - TP ICAP PLC::SCHRODERS PLC RAISES STAKE IN TP ICAP PLC TO 14.9 PERCENT FROM 9.9 PERCENT - FILING.  Full Article

Schroders Takes Stake In U.S. Real Estate Lender A10 Capital
Thursday, 10 May 2018 

May 10 (Reuters) - Schroders PLC ::TAKES 20 PERCENT EQUITY STAKE IN U.S. COMMERCIAL REAL ESTATE LENDER A10 CAPITAL.  Full Article

Schroders assets under administration drop 2 pct in Q1
Thursday, 26 Apr 2018 

April 26 (Reuters) - Schroders PLC ::Q1 2018 UPDATE.SCHRODERS PLC - ASSETS UNDER MANAGEMENT AND ADMINISTRATION MARCH 31 2018 438.1 BILLION STG (447 BILLION JAN 1).  Full Article

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

BRIEF-Schroders Granted Category 1 Financial Services Provider Licence

* GRANTED CATEGORY 1 FINANCIAL SERVICES PROVIDER LICENCE, ENABLING IT TO OFFER GLOBAL INVESTMENT SERVICES DIRECTLY TO SOUTH AFRICAN CLIENTS Source text for Eikon: Further company coverage: