Schroders down on pessimistic outlook

Schroders, the FTSE 100 asset management firm has seen revenues and ''profits up on 2010 but the key "assets under management" figure (AUM) has remained static in the third quarter.

Schroders, the FTSE 100 asset management firm has seen revenues and ''profits up on 2010 but the key "assets under management" figure (AUM) has remained static in the third quarter.

Revenues in the three months to the end of September were £290.4m yielding profits before tax of £101.6m. This compares to figures of £281.8m and $94.5m during the same period of 2010.

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