May 23, 2013

Schroders profits fall but beats analysts forecasts

Schroders has reported a 12 percent fall in pre-tax profits for 2012 due largely due to a reduction in clients within its private banking unit.

Pre-tax profits for the year were £360m. As this figure beat analyst forecasts of £351.7m, Schroders share price gained by over 2 percent on Thursday.

Read More: Globalpost

 

 

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