Chairman's Report
Dennis Stevenson
Chairman
The Chairman’s lot is a happy one when, as last year, the Annual Review can laud a share price out-performance both against the FTSE 100 and the FTSE Banks index. Not so in 2007, where our share price fell some 35%, a performance that was in the middle of the pack, but of little consolation for a bank that seeks to outperform. This year’s summary report will therefore examine with our usual frankness the performance in 2007 and the strategy we are pursuing for our shareholders in 2008.
Profit after tax up 4%
£4.1bn
Underlying EPS up 6%
106.2p
Dividend per share up 18%
48.9p