Fund manager Henderson warns on profit, shares tank

Reuters – Anglo-Australian fund manager Henderson Group said first half pretax profit could fall up to 50 percent after revenue was hit by falling markets, hitting its shares on Thursday.

First-half pretax profit fall to 25-28 million pounds ($41-$46 million), including one quarter’s contribution from New Star, the troubled fund management firm it acquired this year, from 50.8 million pounds in the 2008 period.

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