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.
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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.
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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 ÂŁ1.4m contribution to the FSCS levy.
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We intend to publish our interim results on 8 November.
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For further information please contact:
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Charles Stanley Group PLC
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James Rawlingson, Director 020 7149 6255
Michael Lilwall, Director 020 7149 6244
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