Schroders reports 35% increase in profits

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SCHRODERS has reported an increase in pre-tax profit of 35pc to £392.5m driven by growth in its asset management division.

The financial services firm’s preliminary results said its asset management business had seen profit before tax in the 12 months to December 31, 2007 rise from £219.0m to £266.5m. It said it won m...

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