Charles Stanley to expand sales team with group head of distribution appointment

FUMA up despite outflows

Charles Stanley has said "there remains much to be done" in increasing the rate of improvement in revenues and margin, which has been "slower than had been originally hoped".

In the group's interim results for the six months ended 30 September, Charles Stanley revealed revenue growth across all divisions, with core business revenue up 5% to £77.7m, up from £74m in H1 2018, while the core business profit margin increased to 9.3%, up from 8.4% in H1. Chief executive Paul Abberley said the firm's turnaround strategy was "starting to bear fruits" but that Charles Stanley is "fully focused on increasing the rate of improvement". "I am also pleased to state that all four of our operating divisions reported higher revenues. Two of those divisions, Financial Plann...