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“This is an encouraging set of results. The increase in profits demonstrates that the hard work of recent years is now bearing fruit. The comprehensive repricing project, completed last March, and our continued shift towards higher margin services have been the key drivers of profit growth.

The business transformation programme that is underway is focused on improving the Group’s distribution capability and streamlining operational processes. In the short term, it will temper profitability given the costs, but will establish a stronger platform for long-term, sustainable growth.

We are confident of further progress in the second half.”

Paul Abberley, CEO – November 2019

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CHARLES STANLEY GROUP GBP0.25

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