Stockerbroker Charles Stanley Managed Funds Decline on Market Uncertainty
Stock Chart for Charles Stanley Group PLC (CAY)
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.
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