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1 Oct 2012 07:00
Further to our interim management statement issued on 26th July 2012, the Company is now providing a pre close statement for the 6 month period ended 30 September 2012.
In the period following the release of our interim management statement we have seen a broad continuance of the macro-economic trends we reported at that time. These conditions have continued to depress transaction volumes, leading to a reduction in commission income. Fee income has continued to grow and shows a material increase over the comparable period last year. Overall we expect to report revenues at around the same level as for the same period last year.
Costs have increased during the half year, partly due to the take on of individuals and teams who are in the process of moving their assets to us, together with a general increase in regulatory costs, which include a £1.4m contribution to the FSCS levy.
We intend to publish our interim results on 8 November.
For further information please contact:
Charles Stanley Group PLC
James Rawlingson, Director 020 7149 6255
Michael Lilwall, Director 020 7149 6244
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