Hargreaves Lansdown new business slips but profits remain robust
Hargreaves Lansdown has reported it increased profits by 21% and added 40,000 clients to its’ books in the second half of last year, but also saw a 16% drop in flows of new money.
Hargreaves Lansdown
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Hargreaves’ Clayton targets “tech in disguise” stocks
Hargreaves Lansdown Select UK Shares fund manager Steve Clayton is targeting consumer brands and “tech in disguise” stocks at a time when many are eschewing growth companies.
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Alliance Trust deal brings Liontrust one step closer to £10bn milestone
The acquisition of Alliance Trust’s investment management business is projected to add £2.3bn to Liontrust’s assets under management, pushing it past the £8bn mark.
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Hargreaves Lansdown hails its ‘biggest fund launch ever’
The HL Select UK Shares Fund launch today has been hailed as its biggest ever by Hargreaves Lansdown.
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Platform sales plummet to lowest point since RDR – Fundscape
Fund platform sales in the third quarter fell flat, despite decent asset growth among the top players, according to the latest Fundscape Platform Report.
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Hargreaves Lansdown ‘low-charge equity fund’ lands next month
Hargreaves Lansdown announced it will launch a new ‘low-charge’ equity fund on 1 December 2016.
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Hargreaves Lansdown confidence index slides
Hargreaves Lansdown’s Investor Confidence Index reached a low of 59 points in November, its lowest level since the index began in 1995.
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Hargreaves Lansdown offers to run Lloyds share sale
Hargreaves Lansdown has offered to run the sale of the government’s Lloyds Banking Group shares to the public for free.
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Lloyds shares slip with investors unconvinced by its PPI claim
Shares in Lloyds Banking Group slipped on Wednesday morning as the bank updated the market on its third quarter performance and its progress in dealing with the long-running payment protection insurance scandal.
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Hargreaves revenues up, but inflows drop
Shares in Hargreaves Lansdown fell 2% this morning on the back of mixed results for Q3 – revenue was up 15% to £90.6m, but inflows dropped 22% compared to Q1.
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EasyJet shares lurch lower after second post-Brexit profit warning
EasyJet was the worst performing FTSE 100 stock Thursday morning after its second successive profits warning.
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UK asset managers will have to reveal costs to pension schemes
The UK’s Financial Conduct Authority (FCA) has unveiled new rules that will force asset managers to disclose the transactions costs they charge pension schemes when investing in their funds.