Charles Stanley FuMA up 13%

Charles Stanley Group's funds under management and administration ('FuMA') rose by 13% to £22.5 billion at the end of September.

Reported profit before tax for the six months to the end of September was up 80% at £3.6 million (1H 2016: £2.0 million). Reported earnings per share grew by 46% to 4.44p (1H 2016: 3.04p).

Other highlights:

- Capital adequacy ratio 139% (1H 2016: 148%)

- FY 2017 interim dividend maintained at 1.5 pence per share (1H 2016: 1.5 pence per share)

Chief executive Paul Abberley said: "The conclusion of the remuneration process is a significant milestone and marks the successful conclusion of the first stage of our turnaround strategy. We are maintaining momentum and the Group is now in a healthier position on a more sustainable basis. With operational foundations in place and productivity initiatives underway, we are well positioned to pursue the second phase of our strategy, with an emphasis on building the delivery of organic growth."