IFRS loss before tax of (£320m)
% of AUM above benchmark over three years
Figure excludes Institutional and Wholesale liquidity net outflows of (£7.7bn) and LBG tranche withdrawals of (£24.4bn)
The half year Group results largely reflect the challenging global economic environment and market turbulence.
When I became CEO in late 2020 I said that we would pursue a strategy of diversification by refocusing our Investments business in to areas of strength, where we have scale and that lean into global growth trends and also significantly expand our reach into the higher growth UK wealth market. We are doing exactly that and the addition of interactive investor transforms our UK retail presence and future revenue streams. The strength of our balance sheet means that we can continue to invest and reward shareholders.”
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