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22 September, 2015
In line with the guidance given in the 2014 full year results announcement, the Group produced a pre-tax loss during the first 6 months of 2015, primarily as a result of the reasons given at that time; namely delays in the completion of legacy transactions and the customary second half bias in our service operations.
Whilst our core operations are performing satisfactorily, slower income development in the US healthcare and legacy broking units and weakness in investment markets are likely to lead to the full year result being below market expectations.
The Board is proposing to maintain distributions for the period at 3.4p per share.
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