Schroders is a global asset management company.

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Schroders in new record

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Fund manager Schroders said its assets under management rose to a record $452.5bn in the first quarter of 2014 after it took in new money across a range of products.

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Luca Sala, the former Bank of America executive accused of siphoning off $63m in cash from failed dairy company Parmalat, has been released from prison after 16 days. An Italian judge ordered Sala's release on the basis that he was co-operating with investigators, and said that there was no danger that he would tamper with evidence.

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