Schroders, Henderson shares drop as Aviva rallies on H1 results

Shares in asset managers Schroders and Henderson have fallen in morning trading while Aviva climbed following a set of half-year results from the groups.

Schroders shed as much as 7% to settle 5.4% lower at £23.66. It results for the half year to 30 June showed a jump in profits of 25%, and a dividend increase, as well as an outflow of £1.1bn for the month of June following a market sell-off and the departure of its head of UK equities Richard Buxton. Schroders shares hit a record high of £25.79 this week, having climbed 42% year to date.  Henderson saw its shares fall 2.5% and is now trading at 167p. The group reported a £2bn outflow from the institutional business in the first half of the year, but profits jumped to a record level a...