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Standard Life profit rises ahead of merger

Standard Life has unveiled a 6% jump in first half profits in its final results before its £11bn merger with Aberdeen Asset Management. The all-share deal completes next week.

Asset manager Standard Life posted a set of interim numbers that were in line with consensus, but demonstrated lacklustre growth. The company’s assets under management (AUM) rose just 1% year-on-year at end-June, with positive movements in markets offset by net outflows of £3.7bn. This helped drive a 6% jump in pre-tax profits to £362m.

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