HL posts higher AUA but sees margin squeeze
Hargreaves Lansdown grew assets under administration at a swifter pace for the year ended 30 June, but it felt further pressure on margins.
Hargreaves Lansdown
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Prudential combines UK operations sparking sell-off speculation
Prudential has merged its M&G and UK savings businesses, amidst growing speculation that the insurer intends to break-up its operations.
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Hargreaves Lansdown shares sink after special dividend scrapped
Hargreaves Lansdown has been forced to scrap its special dividend payout for 2017 in order to save £50m, sending its stock price plummeting on Friday morning.
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GDP estimate shows ‘notable slowdown’ in UK economy
UK GDP grew by just 0.3% in the second quarter signalling a “notable slowdown” in the domestic economy, according to the Office for National Statistics.
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Impatient ISA investors target Woodford, Train and Smith funds
Cash ISA investors are ‘taking matters into their own hands’ and putting their money into vehicles from Neil Woodford, Nick Train and Terry Smith, data from Hargreaves Lansdown reveals.
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UK inflation unexpectedly dips in June
UK inflation has fallen month-on-month for the first time since April last year, reducing the likelihood of an August interest rate rise.
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UK investor confidence ‘scraping the bottom of the barrel’
Sentiment among UK investors has plummeted to its lowest level this year, the latest monthly data from Lloyds Private Bank and Hargreaves Lansdown has confirmed.
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FCA to focus on ‘value for money’ in platform probe
The Financial Conduct Authority (FCA) has launched a review aimed at assessing whether investment platforms, including those offered by life companies, operate in the customer’s best interests.
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RBS agrees £3.65bn settlement over risky US mortgages
The Royal Bank of Scotland has agreed to pay the Federal Housing Finance Agency (FHFA) $5.5bn (£4.2bn) to drop its outstanding litigation against the bank.
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UK unemployment hits lowest level since 1975
The rate of unemployment in the UK has dropped to its lowest level in 42 years, falling to 4.5% in the three months to May according to the Office for National Statistics (ONS).
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PA ANALYSIS: Bank of England frozen after decade of rate inactivity
A heck of a lot can happen in 10 years, but not it seems when it comes to the Bank of England’s base rate.
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Argos acquisition pays off as Sainsbury’s posts strong growth
Sainsbury’s surprised the market this morning by announcing a 2.3% increase in like-for-like retail sales in the first quarter.