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Overview 

• 12% increase in basic earnings per share before non-recurring items.
• 90% increase in pre-tax return on equity from recurring operations.
• Henderson Global Investors (‘Henderson’) profit before tax similar to 1H07, achieved by stringent cost control.
• Management fee margin 43.2bps (1H07: 41.7bps) and net fee margin 21.9bps (1H07: 19.8bps) on average AUM.
• Henderson cost to income ratio 59.8% (1H07: 65.6%).
• On track to meet 2008 financial objectives, assuming current market levels.
• Three year investment performance track record satisfactory.
• £1.3 billion net fund inflows (excluding Pearl).
• Proposed Scheme of Arrangement to achieve an effective corporate tax rate of approximately 20% per annum from 2009.
• Roger Yates to step down as Chief Executive, to be succeeded by Andrew Formica.

Results release

Results figures

Market presentation