Stockerbroker Charles Stanley Managed Funds Decline on Market Uncertainty

Charles Stanley Plc, a U.K. stockbroker and fund manager, reported a 4.7 percent decline in funds under management in the fiscal first quarter “against a background of continued market uncertainty.”

Funds under management dropped to 12.2 billion pounds ($19 billion) on June 30 from 12.8 billion pounds at the end of March, the London-based company said in a statement today. Revenue rose 11 percent to 28.9 million pounds.

The benchmark FTSE 100 Index fell about 13% during the quarter.

To contact the reporter on this story: Sakshi Sharma in London at ssharma121@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.