Revenue at UK independent stockbroker Charles Stanley was up by 14 per cent on the first half to £47.6 million for the six months ended 30 S...

Revenue at UK independent stockbroker Charles Stanley was up by 14 per cent on the first half to £47.6 million for the six months ended 30 September 2006.

Profit before tax was up by 34 per cent to £7.2 million and funds under discretionary and advisory management were £5.1 billion, up from £4.9 billion at March 2006.

Total funds under management and administration were unchanged at £9.7 billion.

The broker said that in recent years it has been gradually adjusting the mix of its business to achieve a higher proportion of fees.

During the latest period, the overall fee revenue from its private client business rose by 18 per cent to £15.8 million, out of the total income from its private client business of £38.8 million (up by 12 per cent from £34.6 million).