FTSE flat as Schroders slumps

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The FTSE 100 Index ended flat today, down just 3.30 points at 5,820 points, with Schroders leading declines.

Schroders slumped 9.45% to 872p after revealing assets under management slipped slightly to £122.3bn at the end of June compared with £122.5bn as of 31 December last year. Vodafone fell 1.79% to 110p after JP Morgan chopped its stance on the mobile giant to “underweight” from “neutral” in the wake of the profit warning from Deutsche Telekom yesterday. Tesco leapt 2.26% to 373.25p after reports suggested it was poised to launch a homewares catalogue in four weeks. Xstrata advanced 0.49% to 2,253p and Antofagasta added 0.18% to 424.75p as commodity prices improved. Corus climbed 1.64%...

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