Henderson bullish despite fund slump

To combat the recent crunch, it says it will introduce new products with higher margin prominence to drive profitability. Presuming markets remain at current levels, Henderson says it will reach its 70% cost to income ratio target in 2007. In its results released to the stock exchange this morning, Henderson Group’s first-half before tax operating profit from all operations including non-recurring items was £101m, a 129% increase on the corresponding period last year. Henderson Global Investors pre-tax profit was 32% up on first-half 2006, to £61.4m; while its interim dividend, to be pai...