Charles Stanley to name group head of distribution

'There remains much to be done'

Beth Brearley
clock • 2 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Chris Justham: Why the industry must 'entertain and engage' investors

Chris Justham: Why the industry must 'entertain and engage' investors

‘We can’t just offer them a dry cracker and ask them to chew it down’

Chris Justham
clock 07 October 2026 • 3 min read
Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Two new funds launched

Michael Nelson
clock 06 October 2026 • 6 min read
Darius McDermott: Is it time to take another look at China?

Darius McDermott: Is it time to take another look at China?

'It has been a difficult period for the Chinese stock market'

Darius McDermott
clock 06 October 2026 • 5 min read