Charles Stanley's overhaul is on track

Charles Stanley's overhaul is on track

Getting its house in order has been a long process for Charles Stanley (CAY), but its work restructuring and streamlining its businesses is beginning to pay off. Five offices have been reduced to one, housing its core investment management business plus a reorganised financial planning division, fund management and online broking. Overall expenditure reduced to just under £70m during the six months to September, from £73m the previous year. What's more, the wealth manager booked a net gain of £3.2m after surrendering a long-term lease, which boosted earnings.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now