9 May 2019 11:07
Senior roles at risk as Charles Stanley looks to streamline business
(Sharecast News) - Wealth manager Charles Stanley has announced plans to cut senior management roles as it looks to streamline the business.
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Don't have an account? Click here to register.Charles Stanley swings to full-year loss
Thu, 18th Jun 2015 09:44
Broker Charles Stanley swung to a full-year pre-tax loss following a year of substantial changes at the company.For the period ended 31 March 2015, it posted a pre-tax loss of £6.1m, compared with a profit of £6.1m in 2014, as revenue rose 1% to £149.7m from £149m.The dividend per share fell to 5p from 12.25p the previous year and the board is now recommending a final dividend of 2p, down from last year's 9.25p.Chief executive officer Paul Abberley said: "The past year has been one of substantial change for Charles Stanley. Whilst several of the underlying elements of the results give cause for encouragement, the overall result leaves significant room for improvement."Throughout the year, management and client-facing investment teams were engaged in a major overhaul that involved the upgrading of systems and record-keeping to meet the rising regulatory expectations across the financial services sector. This led to a substantial re-modelling of the interface with its extensive client base, which is moving forward on schedule to completion very shortly, the company said."The decline in our profitability is essentially due to a combination of the rising costs associated with these changes, and, to an extent, the inevitable diversion of focus from business generation. But the upside is that we firmly believe that we have built a stronger base to take our business forward," said Charles Stanley.At 09:55, shares were down 1.2% at 387.32p.
More News
6 Mar 2019 16:51
Charles Stanley Group Raises Oxford Metrics Stake To Over 10% (ALLISS)
LONDON (Alliance News) - Financial software firm Oxford Metrics PLC said on Wednesday Charles Stanley Group PLC has boosted its stake by 4%.In a transaction Tuesday, Charles Stanley upped a
Read more23 Nov 2018 14:21
DIRECTOR DEALINGS: Charles Stanley Chief Executive Purchases Shares
LONDON (Alliance News) - Charles Stanley Group PLC said Chief Executive Officer Paul Abberley acquired shares in the investment management company in a transaction on Friday.Abberley bought
Read more23 Nov 2018 13:13
Friday broker round-up
(Sharecast News) - Kingfisher: Goldman Sachs downgrades to neutral with a target price of 270p.
Read more22 Nov 2018 12:07
Charles Stanley Interim Profit Drops But Managed Funds Increase
LONDON (Alliance News) - Charles Stanley Group PLC on Thursday reported a drop in interim profit but the wealth manager increased its funds under management and upped its dividend the six months a
Read more24 Jul 2018 13:28
Charles Stanley funds under management up 4.6% in first quarter
(Sharecast News) - Charles Stanley posted a jump in first-quarter funds under management on Tuesday, driven by a positive market performance.
Read more24 Jul 2018 13:17
Tuesday broker round-up
(Sharecast News) - Britvic: Shore Capital Markets downgrades to hold.
Read more13 Jun 2018 09:49
Charles Stanley Hikes Dividend By Third As Revenue Rises In Full-Year
LONDON (Alliance News) - Charles Stanley Group PLC on Wednesday raised its dividend following strong revenue and profit growth in its recently ended financial year.Charles Stanley lifted by
Read more22 Mar 2018 18:10
Charles Stanley Holds 5.0% Interest In Portmeirion (ALLISS)
LONDON (Alliance News) - Portmeirion Group PLC said on Thursday that Charles Stanley Group PLC now holds a 5.01% interest in the company in a transaction on has not been what
Read more24 Nov 2016 08:50
8 Sep 2016 11:16
Charles Stanley sells Luke Street lease for £5.6m
(ShareCast News) - Investment management company Charles Stanley has sold its long lease in Shoreditch for £5.6m as part of an office consolidation. The firm exchanged contracts for the sale of the 35 Luke Street property's lease on Thursday and the proceeds will offset the one-off costs involved in
Read more30 Aug 2016 11:57
16 Jun 2016 17:08
Broker tips: Charles Stanley, Playtech, Berkeley Group
(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
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