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Trading Statement

11th Apr 2013 07:00

RNS Number : 0719C
Charles Stanley Group PLC
11 April 2013
 



 

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

 

Head of Press & Public Relations

 

Phone 020 7149 6273

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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