Speakers from Touchstone Exploration, Shanta Gold, Savannah Resources and Kavango Resources feature in our Natural Resources webinar on May 25th. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHargreaves Lansdown Share News (HL.)

Share Price Information for Hargreaves Lansdown (HL.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,696.00
Bid: 1,700.50
Ask: 1,701.50
Change: -36.00 (-2.08%)
Spread: 1.00 (0.06%)
Open: 1,733.00
High: 1,741.50
Low: 1,682.00
Yest. Close: 1,732.00
HL. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

TOP NEWS: Hargreaves Lansdown Stockbroking Revenue Boosts Performance

Thu, 8th Oct 2020 09:02

(Alliance News) - Hargreaves Lansdown PLC on Thursday said its revenue was higher in its first quarter thanks to "strong stockbroking revenues".

Shares in Hargreaves Lansdown were down 3.5% at 1,531.00 pence in London in morning trading.

The Bristol-based fund supermarket's revenue for the three months ended September 30 was GBP143.7 million, a 12% increase from the year before. This in spite of the FTSE All Share being down 18% for the comparative period.

Hargraves Lansdown explained that: "Revenue, was in part, driven by strong stockbroking revenues from continued elevated share dealing volumes. Although down on the peak levels seen earlier this year share dealing volumes across the quarter remained high and averaged 980,000 deals per month."

Closing assets under administration for the period came to GBP106.9 billion, 2.8% higher than the opening AUA of GBP104.0 billion, thanks to a GBP2.1 billion positive market movement plus new business. For comparison, in the same period of 2019, the closing AUA of GBP101.8 billion was 2.5% higher than the opening AUA of GBP99.3 billion.

New business in the period was GBP800 million, down from GBP1.7 billion the year before - though the year before figure was also GBP800 million excluding back book transfers.

Hargreaves Lansdown said: "This is a pleasing result given the period has seen weakening investor sentiment arising from Covid-19 and the re-emergence of Brexit uncertainty. As noted, last year benefited from direct back book transfers from JP Morgan and Baillie Gifford of GBP900 million."

Chief Executive Chris Hill said: "Today we report a good start to our financial year, with growth in clients, assets and revenue. These results are against the ongoing backdrop of market uncertainty and highlight the resilience of our business model and client proposition. We are confident that the strategy we have invested in, with our focus on the needs of UK investors and savers and delivering the highest level of client service, means that we continue to be well positioned to deliver continued attractive long-term growth."

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News

Friday broker round-up

(Sharecast News) - NCC Group: Canaccord upgrades to buy with a target price of 318p.

14 May 21 12:57

BROKER RATINGS: JPMorgan raises Sage to Neutral; MS ups Whitbread

BROKER RATINGS: JPMorgan raises Sage to Neutral; MS ups Whitbread

14 May 21 09:39

LONDON MARKET CLOSE: Stocks decline as inflation pressure continues

LONDON MARKET CLOSE: Stocks decline as inflation pressure continues

13 May 21 17:05

LIVE MARKETS-Inflation: the narrative tug of war

* STOXX 600 down 1.3%* Wall Street futures fall back* Focus on U.S. job data* Miners, autos, oil and gas tankMay 13 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at ...

13 May 21 13:12

Thursday broker round-up

(Sharecast News) - Hargreaves Lansdown: Numis downgrades to add with a target price of 2,019p.

13 May 21 13:08

LONDON MARKET MIDDAY: Rising inflation sends stock markets reeling

LONDON MARKET MIDDAY: Rising inflation sends stock markets reeling

13 May 21 12:09

TOP NEWS: Hargreaves Lansdown record new business drives booming sales

TOP NEWS: Hargreaves Lansdown record new business drives booming sales

13 May 21 09:52

LONDON MARKET OPEN: Europe follows NY, Asia into red after CPI shock

LONDON MARKET OPEN: Europe follows NY, Asia into red after CPI shock

13 May 21 08:56

LONDON MARKET PRE-OPEN: Burberry brings payout back to pre-virus level

LONDON MARKET PRE-OPEN: Burberry brings payout back to pre-virus level

13 May 21 07:52

UPDATE 2-Hargreaves says trading volumes ease after retail spike

* Hargreaves AUA, inflows rise* But company starting to see dealing volumes ease* Total active clients reach 1.6 million (Adds details from statement, Brewin results)May 13 (Reuters) - Investment platform Hargreaves Lansdown has started to see a fa...

13 May 21 07:41

Pandemic savings drive record new business for Hargreaves Lansdown

(Sharecast News) - Hargreaves Lansdown achieved record new business in the first four months of 2021 as people invested savings amassed during the pandemic into the stock market.

13 May 21 07:39

BROKER RATINGS: Just Eat Takeaway and Aston Martin get upgrades

BROKER RATINGS: Just Eat Takeaway and Aston Martin get upgrades

12 May 21 09:34

BROKER RATINGS: Vodafone on Goldman Sachs' Conviction Buy List

BROKER RATINGS: Vodafone on Goldman Sachs' Conviction Buy List

11 May 21 09:43

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

6 May 21 15:51

UPDATE 3-China and home cooks help Unilever top forecasts

* Q1 underlying sales up 5.7% vs forecast up 3.9%* To buy back up to 3 billion euros of shares from May* Expects to hit 3-5% underlying sales growth this year* Shares up 4% in early trade (Adds analyst comment, shares details, rivals)By Siddharth Ca...

29 Apr 21 07:22

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.