Schroders Plc, the U.K.’s biggest fund manager by assets, said its chairman and chief investment officer will step down after performance fees fell by almost half and net inflows dropped 88 percent.
Rentokil Initial Plc , the world’s largest pest-control company, posted a loss for 2010 after snow in the U.K. hurt turnaround efforts at the City Link parcel- delivery unit.
U.S. stocks rallied, giving the Standard & Poor’s 500 Index its biggest two-day advance of the year, as Greece moved closer to completing its debt swap.
U.S. stocks rose, extending the biggest first-quarter advance since 1998 for the Standard & Poor’s 500 Index, as stronger-than-forecast growth in consumer sentiment and spending bolstered optimism in the economy.
Rentokil Initial Plc, the world’s largest pest-control company, has hired two former Royal Mail executives to head up its City Link parcel-delivery unit.
"City Link has now turned the corner after five years of substantial losses."
- Alan Brown on Apr 29, 2013
Schroders’s Brown Says Greek Debt Issue Not Solved
Schroders’s Brown Says U.S. Banks ‘Way Ahead’