Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCAY.L Share News (CAY)

  • There is currently no data for CAY

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Charles Stanley sells broking division to Panmure Gordon

Wed, 15th Jul 2015 12:07

(ShareCast News) - Investment group Charles Stanley has completed the sale of its broking division to Panmure Gordon for an undisclosed amount.Negotiations for the sale of Charles Stanley Securities lasted just over two months, the London-listed company said, adding the divestment was in line with its strategy to streamline and overhaul the business.In a short statement released on Wednesday, Charles Stanley added it was not planning any further disposals, although it would continue to carry on its restructuring process.Meanwhile, Panmure chief executive Philip Wale hailed the deal, describing it as a timely boost for the company."We are delighted to welcome our new colleagues at an exciting time for Panmure Gordon as we grow the company and focus firmly on serving our corporate and institutional clients and on improving value for our shareholders," he said.Charles Stanley shares were up 0.44% to 374.64p at 11:50 on Wednesday.
More News
16 Jun 2016 15:27

Canaccord downgrades Charles Stanley to hold, slashes target

(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its ta

Read more
16 Jun 2016 15:11

UK Dividends Calendar - Next 7 Days

Read more
16 Jun 2016 12:58

Charles Stanley full-year losses narrow but revenue slips

(ShareCast News) - Wealth manager Charles Stanley said full-year losses narrowed significantly as it underwent a major restructure, but revenue slipped. In the year to the end of March, the reported loss after tax narrowed to £300,000 from £6.1m in 2015, although revenue dipped to £141.6m from £149.

Read more
16 Jun 2016 08:28

BROKER RATINGS SUMMARY: Citi Upgrades BP To Buy From Neutral

Read more
16 Jun 2016 07:19

LONDON BRIEFING: Gold Price Rises As US And Japan Central Banks Hold

Read more
16 Jun 2016 06:56

Charles Stanley Warns Margin Target Tough Without Market Rally

Read more
9 Jun 2016 15:04

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
18 Apr 2016 07:41

Charles Stanley Funds Under Management Dip And Revenue Lower

Read more
4 Apr 2016 07:31

Charles Stanley Completes Sale Of Employee Benefits Business

Read more
29 Feb 2016 13:47

FTSE 100 movers: Miners gain but HSBC slumps on Bernstein note

(ShareCast News) - London's FTSE 100 index was down 0.3% to 6,075.39 at 1525 GMT, as investors weighed up disappointment that the G20 meeting did not yield a coordinated stimulus effort against the People's Bank of China's move to cut the reserve requirement ratio. HSBC was in the red after Bernstei

Read more
28 Feb 2016 14:58

Sunday share tips: Direct Line, Laird, Brewin Dolphin

(ShareCast News) - Direct Line shares are worth holding, said the Sunday Times' Inside the City column ahead of Tuesday's annual results for the insurer. Full year profits are forecast to have reversed moderately, but things look better going forward, with a new online marketing campaign launched la

Read more
21 Jan 2016 09:27

Charles Stanley Sees Tough Trading Conditions Extending Into January

Read more
13 Jan 2016 16:00

Dividends Calendar - Week Ahead

Read more
27 Nov 2015 09:38

BROKER RATINGS SUMMARY: Canaccord Says Buy Charles Stanley

Read more
26 Nov 2015 16:08

Dividends Calendar - Week Ahead

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.