A: JUP's H1:26 underlying PBT of £50.7m was an 18% beat vs. consensus, driven by higher-than-expected performance fees. JUP reported H1:26 net revenues of £213.3m, 4% above consensus. H1:26 mgmt fees of £202.9m were a 1% beat vs. consensus and accounted for 18% of the group revenue beat. The rest of the revenue beat came from performance fees (£8.9m vs. cons: £2.0m). Total underlying costs of £168m were 2% higher than consensus expectations, as both staff and non-staff costs were 2-3% above cons. As a resul ...