CAY.L Regulatory News (CAY)

8 Apr 2008 07:01

Charles Stanley Group PLC08 April 2008 8 April 2008 Revenue for the year to 31 March 2008 is expected to be in line with marketforecasts; however costs incurred on acquisitions and branch openings have had ashort term effect on the Group's margin. Our cash balance at 31 March 2008 wasin excess of £30 million compared with £28 million at 30 September 2007. During the year to 31 March 2008, we acquired Garrison Investment Analysis Ltd,opened branches in Exeter, Guildford and Bristol, and were joined in London by abroking team specialising in Court of Protection and personal injury awardsinvestment management. Since the year end we are pleased to announce that we have agreed to acquire thebusiness of Truro Stockbrokers, and we expect to complete this acquisitionduring July 2008. We expect the recent acquisitions and branch openings will make a goodcontribution to performance in the current financial year. The Board remainsconfident in the Group's long term prospects and will continue to pursueappropriately priced opportunities. For further information please contact: David Howard Simon BridgesChairman Managing DirectorCharles Stanley Group PLC Landsbanki Securities UK020 7739 8200 020 7426 9000 Peter Hurst Magnus WheatleyFinance Director Public Relations ManagerCharles Stanley Group PLC Charles Stanley Group PLC020 7739 8200 020 7149 6273 This information is provided by RNS The company news service from the London Stock Exchange