LONDON, Sept 8 (Reuters) - British stockbroker andinvestment manager Charles Stanley on Monday issued itssecond profit warning in five months, saying increased costs anda low volume of transactions had impacted margins.
"Whilst management have taken actions to reduce the costbase and boost income the board now expects that, barring asignificant improvement in the markets, trading results will bematerially below current market expectations," it said.
Charles Stanley said total client funds stood at 20.5billion pounds at the end of August, up 1.9 percent on the totalat the end of March. (Reporting by Matt Scuffham; editing by Kate Holton)