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Charles Stanley funds up 10% in Q3

By BFN News | 01:43 PM | Wednesday 13 January, 2021


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 the length of current market disruption as a result of the COVID-19 pandemic, we are confident that we will continue to make progress in the final quarter of our financial year.' At 1:43pm: (LON:CAY) Charles Stanley Group PLC share price was 0p at 275p Story provided by StockMarketWire.com

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