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.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

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