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(In £'s million) 2009 2008 2007 2006 2005
Net fees 670.8 786.6 633.6 538.2 470.6
Operating profit from continuing activities** 158 253.8 216.1 193.0 166.2
Cash from operations 260.9 256.0 232.1 161.3 158.0
Profit before tax 151 264.4 211.7 192.5 167.7
Basic earnings per share** 7.72p 12.59p 10.19p 8.69p 6.82p
Dividend per share 5.80p 5.80p 5.00p 4.35p 3.40p

In 2009

  • Difficult market conditions, particularly in the second half, resulted in a fall in Group net fees and operating profit
  • Increase in cash generated by operations to £260.9 million, primarily due to unwind of working capital
  • Strong balance sheet with net cash postion of £0.7 million (2008: net debt of £81.1 million)
  • Dividend maintained at 5.80p

* LFL (like-for-like) growth represents organic growth for continuing activities at constant currency. There were the same number of trading days in 2009 and 2008
** continuing activities only. 2008 numbers are presented pre-exceptional items. There were no exceptional items in 2009.

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