Hargreaves pockets profits

City firm Hargreaves Lansdown yesterday revealed that its chief executive Peter Hargreaves, who started the financial-services firm from his Bristol flat in 1981, will see his pay package increase by 26 per cent this year. Hargreaves will trouser a total of £1.01m – including his £600,000 performance-related bonus. Stephen Lansdown, co-founder will take home a £633,350 pay package. Earlier this year Lansdown, who also owns Bristol City Football Club, sold a 4.7 per cent stake in the financial services firm for £47.2m.