Half Year Results 

Charles Stanley disappoints on recovery pace

Charles Stanley disappoints on recovery pace

Charles Stanley’s (CAY) turnaround is happening too slowly for management and investors. While the core profit margin improved to 9.3 per cent from 8.4 per cent during the first half, that is still far behind a medium-term target of 15 per cent. Chief financial officer Ben Money-Coutts blames higher compliance spending and a slower asset gathering rate than anticipated when that target was set in 2015.

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