Hargreaves feels the pain of funds industry sales dip February 4, 2015 WEAKER stock markets slowed Hargreaves Lansdown’s sales in the latter half of 2014, the company’s chief executive told City A.M. yesterday. Ian Gorham, who has been at the helm since 2010, said a slump in the FTSE between July and December had created a sluggish environment for retail funds sales across the industry. “It’s definitely [...]
Hargreaves Lansdown share price drops as profits fall February 4, 2015 Hargreaves Lansdown's share price has fallen more than 5.8 per cent after profits fell two per cent in the second half of last year. Revenues rose 24 per cent to £197.2m, but commission and bonus payments soared 228 per cent, while other operating costs were up 10 per cent, eating into the company's bottom line. [...]
Hargreaves Lansdown sacks employee over “joke” tweet about hitting cyclist with car January 6, 2015 An employee at finance firm Hargreaves Lansdown has been sacked after tweeting that he had hit a cyclist while driving to work, but didn’t stop because he was late. Rayhan Qadar tweeted “Think I just hit a cyclist, But I’m late for work so had to drive off lol” on Monday morning telling the BBC [...]
Hargreaves Lansdown share price hit by market fears around Scottish independence and Russia-Ukraine conflict October 14, 2014 Fund supermarket Hargreaves Lansdown was hit by turmoil in the geopolitical arena last quarter, as the fear stalking stock markets dragged down performance. The FTSE 100 giant, based in Bristol, said concerns over the Scottish referendum, conflict between Ukraine and Russia, unrest in the Middle East and poor data from the Eurozone had made customers [...]
Hargreaves Lansdown profits up 7pc as client base rises 90 pc September 3, 2014 Profits at financial adviser Hargreaves Lansdown rose seven per cent in the year to the end of June on the back of a 29 per cent rise in managed assets, the company said today. Pre-tax profits reached £209.8m for the year to 30 June compared to £195.2m the previous year. It added an additional £6.4bn [...]
Hargreaves Lansdown bolsters customer base April 16, 2014 INVESTMENT firm Hargreaves Lansdown yesterday said 133,000 more people started using its fund platform services over the past 12 months, with 33,000 people taking up the service since the start of the year alone. The FTSE 100 fund supermarket saw a record net inflow of money from clients in the three months ending March, as [...]
Royal Mail float helps deliver Hargreaves lift February 5, 2014 FUND platform Hargreaves Lansdown yesterday said strong demand from retail investors for shares in Royal Mail helped deliver a rise in revenues and new business. The company, which operates as an online investment supermarket where DIY investors can buy funds, said revenues rose 13 per cent year on year for six months ending December to [...]
Royal Mail shares surge as seller Hargreaves Lansdown buckles under weight October 11, 2013 Royal Mail shares have surged this morning, rising as high as 456p after a debut of 450p, soaring above the offer price of 330p. Share seller Hargreaves Lansdown has seen its systems crash trying to deal with the sheer volume of trade; investors have taken to social media platform Twitter to air their frustration. More [...]
Hargreaves Lansdown’s HMRC tax showdown September 9, 2013 FTSE 100 fund platform Hargreaves Lansdown laid down the gauntlet to tax collectors yesterday after launching a legal challenge on the taxation of fund cash back rebates. The Bristol-based firm, currently one of the country’s best performing companies, said it will challenge a discount tax introduced by HMRC on payments made to its customers. [...]