Stockbroking firm Charles Stanley said overall it expects to report six-month revenues at around the same level as last year as continued macro-economic trends continue to weigh on transaction volumes.
The group said since its interim update in July this year it has seen a broad continuation of economic headwinds.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Overall we expect to report revenues at around the same level as for the same period last year," it confirmed.
Charles Stanley added that costs during the half-year have increased, partly as it deals with new assets from individuals and teams as well as a general increase in regulatory costs, which include a £1.4m contribution to the FSCS levy.
CJ
-
Restore: Profits in document shreddingRestore operates in a niche, but essential market. The business has exciting potential over the coming years, says Rupert Hargreaves
-
The war dividend: how to invest in defence stocksWestern governments are back on a war footing. Investors should be prepared, too, says Jamie Ward
