Thorburn Beats Retreat for NAB as U.K. IPO Mulled

The transcript discusses NAB's financial performance, highlighting a 9.8% decline in cash profit due to UK write downs. Despite this, UK profits doubled. CEO Andrew Thorburn emphasizes the urgency of exiting UK assets to improve shareholder returns, with a focus on Australia and New Zealand operations. The market reacted positively, with NAB shares rising. A press conference is scheduled to discuss the UK exit plan further.

What was the cash profit for NAB and how much did it decline compared to the previous year?

What did the CEO Andrew Thorburn say about the urgency regarding UK assets?

How did the earnings in Australia perform and what was the reason for this performance?

What dividend is NAB offering per share and why is it significant?

What was mentioned about the UK exit plan during the press conference?