Charles Stanley annual profit falls as lower interest income weighs | 27 May 2021
Charles Stanley annual profit falls as lower interest income weighs
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Charles Stanley annual profit falls as lower interest income weighs
13 January 2021 | 13:43pm StockMarketWire.com - Charles Stanley Group's funds under management and administration (FUMA) increased by 10.1% in the third quarter of 2020, to £25.1 billion. However, over the first three quarters of 2020 the group's average FUMA was down 7.8% from the year before. Over the third quarter revenues remained stable but decreased marginally by 1.2% to £42.2 million. This means total revenues in the year to 31 December 2020 declined to £124.1 million from £128.1 million the year before. Charles Stanley CEO Paul Abberley said: 'Whilst uncertainty remains over th...