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CAY - Charles Stanley News Story

293p -1.0  -0.3%

Last Trade - 05/03/21

Small Cap
Market Cap £152.7m
Enterprise Value £70.0m
Revenue £169.6m
Position in Universe 902nd / 1809

Charles Stanley issues second profit warning in five months

Mon 8th September, 2014 7:01am
LONDON, Sept 8 (Reuters) - British stockbroker and 
investment manager Charles Stanley  CAY.L  on Monday issued its 
second profit warning in five months, saying increased costs and 
a low volume of transactions had impacted margins. 
    "Whilst management have taken actions to reduce the cost 
base and boost income the board now expects that, barring a 
significant improvement in the markets, trading results will be 
materially below current market expectations," it said. 
    Charles Stanley said total client funds stood at 20.5 
billion pounds at the end of August, up 1.9 percent on the total 
at the end of March.  
 (Reporting by Matt Scuffham; editing by Kate Holton) 
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