- Wealth manager Charles Stanley Group said pre-tax profits rose 30% in the year through March but warned rising inflation would result in 'greater' volatility and lower returns.

For the year ended 31 March 2018, reported pre-tax profit rose 30% to £11.4m, discretionary funds rose 7.9% to £12.3bn, reported revenue rose 6.6% to £150.9m.

Total funds under management and administration rose 7.9% to £23.8bn.

The company said that uncertainties around Brexit and rising inflation would result in greater volatility, keeping a lid on returns.

'Rising inflation implies that growth in the global economy is nearing the peak of the cycle. This leads us to expect greater volatility and lower returns going forward,' the company said.

At 9:24am: [LON:CAY] Charles Stanley Group PLC share price was -13p at 332p

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