Air France-KLM reported better than expected annual results that sent its shares to a five-year high on Thursday after the airline benefitted from tight cost management and stronger pricing in the fourth quarter.

The path to profitability remains the key focus for Schroders says Richard Oldfield, Schroders CEO. To do so, the company is doubling down on growing its wealth management and private markets businesses,

Shares soared in early European trading after the carrier group posted better-than-expected profit driven by strong passenger and cargo pricing.