Charles Stanley sees revenues rise by 5%

FUND manager Charles Stanley said its business continued to show resilience after revenues for the three months to 31 December rose by 5.2 per cent to £28.4 million.

Total client funds under investment management increased in the quarter by 4.3 per cent to 12.1 billion.

Charles Stanley, which has 32 offices in the UK including a branch in Edinburgh, added: "The group is well positioned across all its divisions should the economic recovery prove sustained.

"With a strong balance sheet, Charles Stanley is well placed for growth opportunities."