Sainsbury’s £1bn reveal is unlikely to move the competition authority | Nils Pratley

The supermarket’s merger with Asda would permanently reshape the UK grocery marketSainsbury’s pitch to the Competition and Markets Authority didn’t work the first time, so here comes chief executive Mike Coupe with another plea. His big reveal was a fi…

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Former Schroders trader sentenced to two years for insider trading

Damian Clarke had pleaded guilty to nine counts spanning nine years that made him over £150,000

Damian Clarke, a former trader at Schroders Investment Management, has been sentenced to two years’ imprisonment for insider trading.

Clarke pleaded guilty to nine counts of insider trading spanning nine years, the Financial Conduct Authority said, adding that the profits made from the deals amounted to at least £155,162.

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FTSE on track for biggest rise for five weeks, as Aberdeen climbs on bid talk

Asset management groups lifted by comments from Aberdeen chief executiveLeading shares have recovered much of the fall seen on Thursday, as worries about a possible US interest rate rise in June recede.Mining shares were among the main risers, regainin…

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National Grid leads utilities higher but Next and miners drag down FTSE

Markets hit by retail and commodity falls ahead of the long weekendIt has not exactly been a calm run-in to the Easter break.On the last trading day before the long weekend, shares are sharply lower after disappointing comments from Next about the outl…

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Dobson’s switch at Schroders: corporate governance, anyone?

A successful chief executive moves into the chairman’s office at a grand old City fund manager; continuity is not a convincing argument

Well played, Michael Dobson, that was a terrific 14-year innings as chief executive of fund manager Schroders, one of the few grand old City names to flourish in the modern world. A loss-making company in 2001 now makes profits of £600m. Take a bow, throw a party and enjoy your retirement.

Hold on, Dobson isn’t retiring at all. He is merely moving into the chairman’s office, a switch that – as usual on these occasions – looks like a triumph of chumminess over common sense.

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Why Schroders’ reshuffle looks like a triumph of chumminess

The fund manager’s chief has been been elevated to chairman, a move that rightly raises concerns over governance

Well played, Michael Dobson, that was a terrific 14-year innings as chief executive of fund manager Schroders, one of the few grand old City names to flourish in the modern world. A loss-making company in 2001 now makes profits of £600m. Take a bow, have a party and enjoy your retirement.

Related: Schroders defends governance after chief switches to chairman role

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Schroders criticised after chief switches to chairman role

Institute of Directors condemns succession plan, saying strong performance ‘no excuse for ignoring corporate governance rules’

Schroders, one of the City’s oldest financial institutions, has come under fireover its corporate governance after controversially elevating chief executive to the chairmanship.

The asset manager, founded in 1804, said Michael Dobson would step down as chief executive on 4 April, after more than 14 years with the company. He will be replaced by the head of investment, Peter Harrison, and will move upstairs to take over as non-executive chairman from Andrew Beeson.

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