Financial highlights
Grew assets under management (AUM) to £750.6 billion, driven by positive net new business (NNB), market movements and investment performance.
Strategic growth areas of Wealth Management, Private Markets and Solutions attracted strong NNB of £23.1 billion. Total NNB was £9.7 billion, excluding joint ventures and associates.
Net operating revenues were £2,334.4 million, as performance-based revenues helped mitigate the headwind from lower average AUM and adverse foreign exchange movements.
Maintained stable operating expenses of £1,758.0 million, as strong discipline on cost management and one-off benefits enabled us to hold costs flat despite the increased scale and complexity of our business following our acquisitions in 2022 and inflationary pressures.
Delivered operating profit of £661.0 million.
Profit before tax and restructuring costs was £573.8 million. Statutory profit before tax was £487.6 million, net of £86.2 million efficiency initiatives to enable further reinvestment in the business.
Final recommended dividend of 15.0 pence per share, bringing the total dividend to 21.5 pence per share.
And later;
Dividends of £13.6 million (2022: £12.6 million) on shares held by employee benefit trusts have been waived. The Board has recommended a 2023 final dividend of 15.0 pence per share (2022: 15.0 pence), amounting to £233.1 million (2022 final dividend: £232.2 million). The dividend will be paid on 2 May 2024 to shareholders on the register at 22 March 2024 and will be accounted for in 2024.
https://www.investegate.co.uk/announcem ... ts/8062191
Also posted on Company News here; viewtopic.php?p=650126#p650126
I don't hold these but I suspect some here do, so this may be of interest here.
Ian.