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 [...]
Hargreaves Lansdown adds record number of new clients August 7, 2020 Hargreaves Lansdown reported a jump in full-year profit after adding a record number of new clients. The figures The investment platform said profit before tax increased 24 per cent to £378.3m in the year ended 30 June. Revenue grew to £550.9m, jumping 15 per cent from £480.5m the previous year. Total assets under administration increased [...]
Fund supermarket best-buy lists — Are they bogus or a bargain? February 25, 2020 It should go without saying that choosing the right investment can be challenging. For time-strapped everyday investors, combing through the financial records of individual companies to find a share worth buying can seem like a monumental task. Instead, many people prefer to put their money into investment funds run by professional asset managers who do [...]
Hargreaves Lansdown recruits Schroders veteran to board December 16, 2019 Hargreaves Lansdown has recruited Schroders’ global head of distribution, John Troiano, to join its board as an independent non-executive director. Troiano will join the board when he retires from Schroders at the end of 2019, after 38 years at the firm. He will also join the board of Hargreaves’ subsidiary asset managers, Hargreaves Lansdown Fund [...]
Rivals blast Hargreaves Lansdown for transfer delays in wake of Woodford saga November 22, 2019 Hargreaves Lansdown has come under fire from rivals after it emerged customers are being forced to wait up to three months to transfer their assets to other investment platforms in the wake of the collapse of Neil Woodford’s investment empire. Five of the fund supermarket’s competitors told City A.M. that waiting times for customers transferring [...]
Hargreaves Lansdown founder slams Neil Woodford for not being ‘truthful’ about frozen fund September 22, 2019 One of the founders of Hargreaves Lansdown (HL) has slammed beleaguered asset manager Neil Woodford for apparently not being “truthful” about the performance of his flagship fund in the run up to its suspension. Peter Hargreaves, who founded the financial services firm alongside Stephen Lansdown in 1981, also criticised HL for not having realised that [...]
Hargreaves Lansdown drops Burford Capital after Muddy Waters short attack August 30, 2019 Hargreaves Lansdown has sold its holdings in Burford capital following a short attack on the litigation funding firm by US short-seller Muddy Waters earlier this month. The investment supermarket has dropped Burford from its Select UK Growth, Select UK Income and Select Global funds, said fund manager Steve Clayton in a statement on Hargreaves’ website. [...]
New business down at Hargreaves Lansdown as Woodford scandal bites August 8, 2019 Hargreaves Lansdown has seen a drop in net new business as the impact of the Neil Woodford saga on the investment provider begins to become clear, but revenues and assets under administration still rose. The numbers Hargreaves Lansdown reported a four per cent drop in net new business for the year ending 30 June, which [...]
Hargreaves Lansdown CEO and executives waive bonuses in wake of Woodford scandal August 7, 2019 Four executives including the chief executive of Hargreaves Lansdown will surrender their bonuses this year following pressure over the company’s support for Neil Woodford’s flagship fund. Hargreaves Lansdown continued to recommended Woodford’s equity income fund right up until it was suspended on 3 June after becoming overwhelmed by investor withdrawals. The gating of the fund [...]