Charles Stanley revenue dips

Broker Charles Stanley's third quarter revenue has dipped to £27.3m from £32.3m for the three months to 31 December.

Meanwhile commission was down from £16.6m to £10.6m.

The company said the volatility in markets and tough economic climate overall had taken its toll.

'A continuation of the difficult institutional securities market is also reflected in this result,' Charles Stanley said in its trading statement.