Richard Oldfield, the incoming CEO of Schroders, aims to enhance the asset manager’s focus and execution as the company faces outflows of £10bn. The announcement led to a 10% drop in Schroders shares, bringing their year-to-date decline to 25%. Oldfield plans to simplify operations, maintain commercial discipline, and focus on flawless execution to address the challenges faced by the company and build on existing strengths.
Full Article
5 Reasons to Buy Energy Transfer Stock Like There's No Tomorrow
Energy Transfer (NYSE: ET) presents an attractive risk-reward profile and high yield, making it a significant holding in my portfolio. After a period of restructuring that included cutting its distribution in 2020 to reduce leverage, the midstream energy company has successfully improved its balance sheet by paying down debt and funding growth through free cash flow. Explain It To Me Like I'm 5: Energy Transfer is a big company that helps move energy and is...
Read more