Schroders Reports 7.5% Rise In Q3 Pretax Profit

Schroders PLC SHNWF reported a 7.5% rise in Q3 pretax profit. Schroders' funds under management dropped 11% to GBP182.2 billion at September 30, versus GBP204.8 billion at June 30. Its quarterly pretax profit rose to GBP101.6 million from GBP94.5 million. However, analysts were expecting about GBP88.2 million in pretax profit.