11th Apr 2013 07:00
Charles Stanley Group PLC
25 Luke Street
London
EC2A 4AR
T: 020 7739 8200
F: 020 7739 7798
DX: 123150 BROADGATE-1
www.charles-stanley.co.uk/investor-relations
YEAR END PRE CLOSE TRADING UPDATE AND NOTICE OF RESULTS
11 April 2013
TRADING UPDATE
Charles Stanley Group Plc ("Charles Stanley") is providing a pre-close update on trading in the 12 months to 31 March 2013, ahead of announcing its preliminary results on Tuesday 11 June 2013.
·; Total funds under management and administration at 31 March 2013 reached a new high of £17.7 billion up 15.3% from £15.4 billion at 31 March 2012;
·; Within that figure, discretionary funds under management increased by 27.2% to £6.4 billion up from £5.0 billion at 31 March 2012. Net organic growth in discretionary funds was 8.3%;
·; Discretionary funds from new investment managers taken on during the year totalled £450 million;
·; Net organic growth of total funds under management and administration was 2.4% (2012: 4.1%);
·; During the year, the APCIMS balanced index rose from 3,001.55 to 3,300.40 which was a rise of 9.9%.
OUTLOOK
The final quarter of the financial year was characterised by a stronger performance from equity markets and a slightly more benign trading environment. Against this backdrop Charles Stanley has performed well and continues to reap the benefits of its broadly based business mix and strong balance sheet.
Results are anticipated to be in line with expectations.
ENDS
For further information please contact:
Charles Stanley Group Plc | Canaccord Genuity | Peel Hunt LLP | |
Sir David Howard, Chairman | Martin Green | Guy Wiehahn | |
James Rawlingson, Finance Director | |||
Phone: 020 7739 8200 | Phone: 020 7523 4619 | Phone: 020 7418 8893 | |
Magnus Wheatley |
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Head of Press & Public Relations |
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Phone 020 7149 6273 |
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