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Pin to quick picksHargreaves Lansdown Share News (HL.)

Share Price Information for Hargreaves Lansdown (HL.)

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Share Price: 883.80
Bid: 883.00
Ask: 884.00
Change: 6.80 (0.78%)
Spread: 1.00 (0.113%)
Open: 876.60
High: 884.20
Low: 872.80
Prev. Close: 877.00
HL. Live PriceLast checked at -

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FTSE 100 at one-month low as financials drag, ECB signals more hikes

Thu, 04th May 2023 17:21

Next jumps after maintaining profit forecast

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Shell gains on quarterly profit beat

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UK services PMI rises in March

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FTSE 100 down 1.1%, FTSE 250 off 0.6%

May 4 (Reuters) - London's FTSE 100 hit a one-month low on Thursday as a smaller interest rate hike by the European Central Bank did little to lift sentiment dampened by concerns about the banking sector, while Shell gained after posting upbeat earnings.

The blue-chip index ended 1.1% lower, while the mid-caps index fell 0.6%.

Financial stocks were the top drag on the FTSE 100, with the banking index down 1.7%, as renewed fears about a crisis among regional lenders in the United States hurt risk sentiment.

"We are seeing fears over the U.S. banking sector, and worries about potential contagion to Europe, rearing its head again," said Stuart Cole, chief macro economist at Equiti Capital.

Meanwhile, the European Central Bank raised rates by 25 basis points on Thursday in the smallest move so far in its current cycle of rate hikes.

However, unlike the U.S. Federal Reserve, the ECB said further tightening was likely given mounting price pressures.

"(Interest rate concerns) are dampening down the positive sentiment that's coming from the better earnings," said James Baxter, founder of Tideway Wealth.

Oil giant Shell rose nearly 1% after posting a first-quarter net profit of $9.65 billion, which topped analysts' forecasts. Shares of Next Plc climbed 3.2% to the top of the FTSE 100 gainer list after the fashion retailer maintained its guidance for annual profit. Base metal miners, however were a drag, falling 3.4% despite a rise in metal prices, as a weaker-than-expected demand recovery in top consumer China dented sentiment.

Among other major movers, Hargreaves Lansdown rose 1.1% after the investment manager reported a rise in its net new business, aided by a revival in investor sentiment.

Data showed Britain's services sector kicked off the second quarter with its fastest growth in a year, but it passed the cost of rising wage bills on to consumers, adding pressure on the Bank of England to keep raising interest rates. (Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Nivedita Bhattacharjee and Hugh Lawson)

More News
17 Jul 2023 17:23

Hargreaves Lansdown looks for new chair amid co-founder pressure

(Alliance News) - Hargreaves Lansdown PLC on Monday said that it is looking for a new chair, confirming an earlier report from Sky News.

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13 Jul 2023 09:18

LONDON BROKER RATINGS: HSBC raises Watches of Switzerland to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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12 Jul 2023 15:56

UK earnings, trading statements calendar - next 7 days

Thursday 13 July 
Barratt Developments PLCTrading Statement
Brooks Macdonald Group PLCTrading Statement
Brunner Investment Trust PLCHalf Year Results
DCC PLCTrading Statement
DSW Capital PLCFull Year Results
Experian PLCTrading Statement
Hays PLCTrading Statement
Gym Group PLCTrading Statement
Hipgnosis Songs Fund LtdFull Year Results
Ilika PLCFull Year Results
John Wood Group PLCTrading Statement
musicMagpie PLCHalf Year Results
TClarke PLCHalf Year Results
Watches of Switzerland Group PLCFull Year Results
Friday 14 July 
Ashmore Group PLCTrading Statement
Burberry Group PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
McBride PLCTrading Statement
Ninety One PLC and LtdTrading Statement
Monday 17 July 
Brickability Group PLCFull Year Results
Gore Street Energy Storage Fund PLCFull Year Results
Northern Bear PLCFull Year Results
Tuesday 18 July 
Arbuthnot Banking Group PLCHalf Year Results
Artisanal Spirits Co PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
Luceco PLCTrading Statement
Midwich Group PLCTrading Statement
Ocado Group PLCHalf Year Results
Petra Diamonds LtdTrading Statement
Record PLCTrading Statement
Rio Tinto PLCTrading Statement
Wise PLCTrading Statement
Wednesday 19 July 
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Hargreaves Lansdown PLCTrading Statement
Severn Trent PLCTrading Statement
Redcentric PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Jul 2023 09:27

LONDON BROKER RATINGS: UBS raises AstraZeneca; RBC cuts Bunzl

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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2 Jul 2023 19:27

Barclays seeks to stop being corporate banker to Odey Asset Management - FT

July 2 (Reuters) - Barclays is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey.

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13 Jun 2023 13:31

IN BRIEF: Hargreaves Lansdown confirms start of new chief executive

Hargreaves Lansdown PLC - UK-based digital wealth management service - Confirms that Dan Olley will join the business as chief executive on August 7. He will remain on the board, but in his new capacity as an executive director, from the same date. Chris Hill will step down as chief executive and from the board, with effect from the same date, and thereafter will support Hargreaves Lansdown until November, in order to provide continuity and ensure an orderly transition. Olley joins from dunnhumby, a global customer data science company, where he led the development and implementation of a digital-first, data-driven transformation as CEO.

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8 Jun 2023 09:04

CAB Payments Holdings to pursue London listing

LONDON, June 8 (Reuters) - CAB Payments Holdings, a specialist in business-to-business cross-border payments across emerging markets, is seeking a London stock market listing to broaden its ownership and accelerate its growth, the company said on Thursday.

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31 May 2023 12:00

Despite Nvidia's rally, some say the stock is actually cheaper

NEW YORK/SAN FRANCISCO, May 30 (Reuters) -

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31 May 2023 11:48

WE Soda to sell at least $800 mln shares in rare London IPO

LONDON, May 31 (Reuters) - WE Soda, the world's largest producer of natural soda ash, is looking to raise at least $800 million for its parent Ciner Group in an initial public offering (IPO), its chief strategy officer told Reuters, in a show of confidence in London's capital markets.

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30 May 2023 23:03

Despite Nvidia's rally, some say the stock is actually cheaper

NEW YORK/SAN FRANCISCO, May 30 (Reuters) -

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30 May 2023 22:56

Despite Nvidia's rally, some say the stock is actually cheaper

NEW YORK/SAN FRANCISCO, May 30 (Reuters) -

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5 May 2023 10:06

LONDON BROKER RATINGS: Redburn cuts Flutter; Stifel likes IMI

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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4 May 2023 12:07

LONDON MARKET MIDDAY: Stocks down before all eyes turn to ECB

(Alliance News) - Stock prices in Europe were lower in the early afternoon, as investors look ahead to a key interest rate decision by the European Central Bank, while digesting the Federal Reserve's latest hike, which could be its last for now.

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4 May 2023 09:59

TOP NEWS: Hargreaves Lansdown in good shape as "confidence returns"

(Alliance News) - Hargreaves Lansdown PLC on Thursday reported assets under administration growth in its third quarter, boosted by a pick-up in net new business.

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