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Acquisition costs weigh on Schroders as profit dips
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Schroders said 2 March that 2022 pre-tax profit fell due to mark-to-market movements and acquisition-related costs, and that 2023 started positively, particularly in its Schroders Solutions division.
The FTSE 100 asset manager posted a pre-tax profit of £586.9m compared with £764.1m in 2021.
Revenue for the year fell to £2.89bn from £2.96bn...
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