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) 
 ((matthew.scuffham@thomsonreuters.com)(02075426734)(Reuters 
Messaging: matthew.scuffham.reuters.com@reuters.net)) 
 
Keywords: CHARLES STANLEY WARNING