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The Latest Breaking News from Schroders

The stock market story of 2023? The growing domination of US tech

The big seven firms are weighted as much on global indices as all Japanese, British, French, Canadian and Chinese companies

The Guardian - UK

Gen X has the largest wealth gap of any generation, and it means ‘the American Dream of retirement is going to be a nightmare’ for them

Gen X is next in line to retire, but an asset management company finds the generation is staring down a savings gap that has few of them prepared.

Fortune

CBI to step back early from top firms’ boardroom diversity initiative

High-profile companies reportedly discussed cutting ties with the business lobby group

The Guardian - UK

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The Earl of Airlie obituary

Merchant banker who served as lord chamberlain and brought much-needed reforms to the royal household

The Guardian - UK

Michael Gwinnell obituary

Other lives: Investment expert and philanthropist who supported the arts and music

The Guardian - UK

Revolut’s place as UK’s top fintech firm at risk after Schroders writedown

Asset manager suggests its stake could be worth less only 18 months after investing almost £10m

The Guardian - UK

CBI suspends policy and membership activities after exodus

A second unnamed employee alleged that she had been raped by a colleague in an article on Friday

Insider UK

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$1 million isn’t enough to retire in comfort, many Americans say

Saving $1 million for retirement is impressive—but it may not be enough for many people to live comfortably.

Fortune

Iconic tower that looms over Manchester city centre set for a makeover 'to reduce risk of Covid'

City Tower, overlooking Piccadilly Gardens, will make a small exterior change to improve ventilation

Manchester Evening News

The 50 best UK companies to work for in 2023

Employment website Glassdoor has put together its list of the top businesses in the country to work for this year

Birmingham Post

Serial killer Peter Tobin hatched plan to take out life insurance then kill himself

Serial killer Peter Tobin, who died in jail last month after a battle with terminal cancer, phoned a financial consultant over life insurance in the 1980s and threatened to take his own life

Daily Mirror

Peter Tobin hatched 'bizarre' plan to take out life insurance then kill himself

A financial consultant has told how he received a "hysterical" call from evil Tobin demanding to be given a policy, saying: "I've done something terrible - now I'm going to kill myself"

Edinburgh Live

Peter Tobin hatched bizarre plan to take out life insurance then kill himself

Evil Tobin was serving a whole life sentence in Saughton prison for murdering Vicky Hamilton, 15, Dinah McNicol, 18, and 23-year-old Angelika Kluk when he died last month.

Daily Record

UK asset managers warn of tough times as investors pull or divert cash

Firms such as Jupiter and Schroders suffer net outflows as inflation, economic uncertainty and Ukraine war weigh on investors

The Guardian - UK

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Evening Standard

Chaos in City as Schroders sees funds plunge by £21 billion in just three months

THE impact on the City from the chaos in central government was laid bare today when Schroders revealed that its funds plunged by an extraordinary £21 billion in the last three months.

Insider UK

Scottish Widows and former HBOS funds among the UK's worst performing

Report names and shames 31 consistently poor performing funds holding £10.7bn of investors wealth

Evening Standard

Berkeley appoints former Schroders head Dobson chairman

Replaces current chair Glyn Barker at property developer

The Guardian - UK

Threat to bin Twitter deal over bots makes Elon Musk look like a time-waster

If Musk was truly worried about how Twitter measures the bots on its site he could have asked before he signed the deal

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The Guardian - UK

Tesla shareholders are forgotten constituent in Elon Musk’s Twitter deal

Risks for EV company include sale of stock to fund takeover and spill-over political effects

Birmingham Post

DPD strikes deal for new Black Country logistics warehouse

Trebor Developments and Schroders Capital will lead the scheme on Revolution Park

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