Schroders says backs UK Plc, warns on dividends, pay
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LONDON (Reuters) - British asset manager Schroders said it will back companies seeking to protect their businesses from the economic hit of coronavirus, but warned any fresh capital-raising should result in a suspension of dividends and review of board pay.In an open letter to UK Plc dated April 1, seen by Reuters and reported earlier by the FT, Jessica Ground, global head of stewardship and Sue Noffke, head of UK equities at Schroders, said the virus created an unprecedented challenge."Our..