Schroders boom is FTSE's gain

clock

The FTSE 100 index has started well this morning adding 14.7 points to 4,983.2 points led by a massive leap from Schroders as it reported that its earnings more than doubled.

Schroders jumped as much as 173.5p or 23% to 909.5p, after reporting a net income of £134m, along with a 21% increase in total revenue to £515.8m. Enterprise Inns has picked up 14.50p to 764p. Boots Group meanwhile, has shed 26.50p to 637p, after a further decline since its last trading update announced in January. The Nikkei 225 Stock Average index had its longest winning streak since the start of the year, climbing for a fourth consecutive day. The benchmark added 0.3% to 11,780.53, led by retailer Aeon, picking up 1.9% to 1,702 yen. Daikin Industries, an air conditioner maker,...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read
FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 May 2025 • 1 min read
Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

The world is awash in debt. In the US, government borrowing has surged past 100% of GDP, and the fiscal deficit is at a level typically seen in wartime. Other major economies are in similar situations. So, what does this deluge of debt mean for markets?

Orbis Investments
clock 22 May 2025 • 5 min read