View more on these topics

Charles Stanley reports profit hike

Charles Stanley has reported a profit increase of 6.8 per cent for the first half of 2009.

The group reported profit before tax of £5.49m, a 6.8 per cent increase on 2008’s pre-tax profits of £5.14m.

Its revenue for the half-year was £55.9m, up from £49m at the end of 2008, a14.1 per cent increase.
The funds under Charles Stanley’s management or administration totalled £11.6bn compared with £10.1bn at the end of 2009. Discretionary funds under management reached a new record high for the firm of £3.5bn.
Charles Stanley chairman Sir David Howard says: “In commenting on our full-year results five months ago I pointed to the early signs of recovery. Next year will be an uncertain year that will include a general election but the indications at this stage are favourable, and I look forward to the months ahead with a degree of optimism.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm