Charles Stanley cheapens on client outflows
Investment management company Charles Stanley (CAY), reports core profits before tax up 6% at £11.6m for the year ended 31 March 2019, but the market is not impressed, pushing the shares down 4% to 303p.
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SIGNIFICANT SAVINGS
The company is restructuring in an attempt to simplify and standardise business processes. It is expected to cost £9.5m over the ...