Schroders, the FTSE 100 money manager, announced that its profit nearly doubled in the first half of 2026, reaching £396.8m, up from £196.9m. This increase was attributed to financial performance and reduced portfolio simplification costs.
The company's assets under management (AUM) hit a record high of £868bn, a 12% jump from £776.6bn in the previous year. This growth was credited to improved client sentiment, positive foreign exchange movements, and investment performance.
Despite overall growth, Schroders experienced total net outflows of £4.2bn, primarily from its public markets division, which saw outflows of £11.7bn. However, its wealth management segment recorded inflows of £2.5bn, with Cazenove Capital contributing £2bn.
The group also reported delivering over 98% of its planned £150m in annualised cost savings. An interim dividend of 7p per share was declared, an increase from 6.5p the previous year.