Fund Management Summit
Charles Stanley chief executive Sir David Howard is to step down following new EU rules demanding firms separate the roles of CEO and chairman.
The Big Question: Which small funds are your hidden gems?
Investors in Charles Stanley saw the value of their shares plummet by more than 10% this morning after the firm issued a profit warning.
Charles Stanley has warned its next round of results will miss market expectations as the business continues to feel the squeeze on its commission income, while in a separate move it said it had sold Henry Dixon's Matterley fund to Miton Group.
What are the key issues surrounding fund costs?
It should be plain sailing for investors in shares this summer. The world economy is growing this year, and should do so again next year at a reasonable pace.
Charles Stanley has said it is approaching the coming months with caution in the face of falling commission income, and significant costs to invest in the business.