FTSE 100 close: Blue chip index ends higher as disappointing retail sales figures fail to dent JD Sports, Frasers and Burberry January 20, 2023 London’s FTSE 100 index closed the week marginally higher, clawing back some some of this year’s earlier gains following a poor performance yesterday. The capital’s premier index climbed 0.3 per cent to 7,770.59 points, while the domestically-focused mid-cap FTSE 250 index rose 0.7 per cent to close at 19,702.63. JD Sports, Frasers and Burberry were [...]
Investor confidence is ‘the lowest we have seen’, warns Hargreaves Lansdown chief August 30, 2022 The chief of retail investment platform Hargreaves Lansdown warned that investor confidence was at an all time low today as he encouraged Brits to shrug off the “short term volatility” that has rocked equity markets this year.
Financials boost FTSE 100 as City leans into quiet summer period August 8, 2022 A rally among financial stocks boosted London markets today as the City leant into the quieter summer period. The capital’s premier FTSE 100 index climbed 0.57 per cent to 7,482.37 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.33 per cent to 20,118.44 [...]
Tough markets offset growth in Hargreaves Lansdown’s business August 5, 2022 Hargreaves Lansdown today said “difficult” market conditions in the first half of 2022 have halted its growth trajectory in causing the value of the assets administers to drop 9 per cent to £123.8bn. The Bristol headquartered company said major downturns in the FTSE, Nasdaq, and S&P 500 offset £5.5bn worth of new business in [...]
Law firms join forces to press claims on Woodford fund collapse June 15, 2022 Two of the law firms pressing claims over the alleged mismanagement of the now collapsed Woodford Equity Income Fund are looking to join forces in a bid to win redress for investors.
Hargreaves Lansdown pulls in £1.3bn worth of new business as client base swells October 15, 2021 Financial services firm Hargreaves Lansdown has pulled in £1.3bn worth of new business in its last quarter, as its client base grows. Some 23,000 new clients joined the firm in the three months to 30 September, taking active member figures to more than 1.6m. Shares slipped 0.4 per cent to 1,490.5p per share during its [...]
Foreign investor confidence in Japan to bloom again following Suga exit September 6, 2021 Foreign investor confidence in Japan may be set to bloom following prime minister Suga’s departure from the helm, as the country emerges from its worst wave of the pandemic yet. Confidence plummeted eight per cent in August, according to data from Hargreaves Lansdown, as it grappled with rising cases alongside the 2020 Tokyo Olympics [...]
Hargreaves Lansdown assets grow to £133bn in strong start to the year May 13, 2021 Hargreaves Lansdown today reported a sharp rise in assets under administration (AUA) but said it had seen a fall in share-dealing volumes as Covid restrictions eased. The British investment platform saw AUA reach £132.9bn by during the first four months of the year, compared with £120bn reported at the end of 2020. Hargreaves enjoyed a [...]
Peter Hargreaves to sell £300m worth of shares in Hargreaves Lansdown February 16, 2021 The co-founder of Hargreaves Lansdown, one of the UK’s largest financial services firms, has announced he is selling £300m worth of shares in the company. Peter Hargreaves, the largest shareholder in the firm he set up in 1981, will sell the shares through an accelerated bookbuild offering to institutional investors. Barclays, which is acting as [...]
Peter Hargreaves strikes deal with Hargreaves Lansdown on board representation October 20, 2020 Peter Hargreaves has nominated a City veteran to join the Hargreaves Lansdown (HL) board as part of a new agreement between the co-founder and the fund manager. In a stock exchange announcement today, Hargreaves Lansdown announced it had come to an agreement with Hargreaves to enter into a new shareholder agreement, which will allow Hargreaves [...]