Operating Profit Increase
Adjusted operating profit increased by 7% to GBP 316 million, demonstrating strong focus on profitability.
Successful Transformation Program
Transformation program delivered GBP 21 million in cost reductions in H1, expected to yield GBP 50 million in cost savings for the full year.
Strong Sales Momentum
Gross sales reached GBP 68 billion in the first 6 months, up 8% year-on-year, marking the highest gross inflows in 3 years.
Wealth Management Growth
Wealth Management net operating revenue increased by 9%, with a 5% to 7% net new business target achieved in Q2.
Positive Net Flows in Q2
The company generated positive net flows of GBP 6.4 billion in Q2, driven by strong client engagement and strategic fund wins.
Launch of New Investment Products
Introduction of the U.K. Innovation LTAF, the first investment structure of its kind for U.K. venture capital.