Charles Stanley to name group head of distribution

'There remains much to be done'

Beth Brearley
clock • 2 min read

Charles Stanley has said "there remains much to be done" in increasing the rate of improvement in revenues and margin, which has been "slower than had been originally hoped".

In the group's interim results for the six months ended 30 September, Charles Stanley revealed revenue growth across all divisions, with core business revenue up 5% to £77.7m, up from £74m in H1 2018, while the core business profit margin increased to 9.3%, up from 8.4% in H1. Chief executive Paul Abberley said the firm's turnaround strategy was "starting to bear fruits" but that Charles Stanley is "fully focused on increasing the rate of improvement". "I am also pleased to state that all four of our operating divisions reported higher revenues. Two of those divisions, Financial Plann...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

FCA launches consultation on private stock market

FCA launches consultation on private stock market

Move follows Mansion House commitment

Linus Uhlig
clock 17 December 2024 • 3 min read
Partner Insight: Is FOMO overruling investment basics?

Partner Insight: Is FOMO overruling investment basics?

In 2020 we introduced our bubbles chart showing how concentrated investors were in a particular theme. Four years on we look at what, if anything, has changed, and what it means for investors going forward.

Orbis Investments
clock 16 December 2024 • 3 min read
Special situations: How to spot a good management team

Special situations: How to spot a good management team

'We prefer management teams that are considered rather than overly promotional'

Henry Flockhart and Andy Gray
clock 10 December 2024 • 5 min read