(Alliance News) - Wealth management platform Hargreaves Lansdown PLC said Wednesday it has continued to see elevated volumes of share dealing since the end of January.
Shares in the Bristol, England-based company, which offers an investment platform for retail investors, were 1.8% higher in London on Wednesday morning at 1,577.50 pence each.
Hargreaves noted the increased trading has been focused on international equities, driven by interest in US stocks from existing clients.
As a result, the FTSE 100 company now expects pretax profit for the financial year ending 30 June 2021 to be "modestly" above the top end of analyst expectations. It noted the current range of company-collected analyst expectations for financial 2021 sit between GBP334 million and BP360 million.
Hargreaves recorded annual pretax profit of GBP378.3 million in financial 2020.
The company noted in its first-half results it was a period of "very strong" growth.
On Wednesday, Hargreaves said trading in January had been similar to previous lockdown periods with strong dealing volumes, significant engagement from clients, and robust net new business and net new client numbers.
By Paul McGowan; paulmcgowan@alliancenews.com
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Hargreaves Lansdown (HL.)
