Hargreaves Lansdown PLC Add to portfolio

Surely this is an ideal moment for the investment platform’s chief executive, Chris Hill, to share the “learnings and improvements” that apply to his own firm. “The reality is platform buy lists, especially the Hargreaves Lansdown one, have been key to the fortunes of some fund managers,” he told FT Adviser this month. Woodford’s Equity Income Fund retained its star status until the gates were shut, despite the platform revealing afterwards that it had been fretting since late 2017 about the number of illiquid stocks in the portfolio. But you’ll struggle to get Hill, or Hargreaves the company, to concede there’s a fundamental problem with best buy lists that blur the line between promotion and research. Where, indeed, is the admission that Hargreaves, having prodded many clients in Woodford’s direction, had a duty to ensure governance was more robust than the cosy-looking set-up seen at the Patient Capital investment trust?

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Shore Capital decreased their price objective on Hargreaves Lansdown from GBX 2,000 ($26.13) to GBX 1,850 ($24.17) and set a hold rating on the stock in a report on Thursday, October 10th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Hargreaves Lansdown has a 1-year low of GBX 1,624 ($21.22) and a 1-year high of GBX 2,447 ($31.97). The stock’s 50-day moving average is GBX 1,933.34 and its 200 day moving average is GBX 2,037.51.

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HARGREAVES LANS/ADR (OTCMKTS:HRGLY) shares traded down 7.3% during mid-day trading on Monday . The company traded as low as $46.46 and last traded at $46.46, 200 shares were traded during trading. An increase of 140% from the average session volume of 83 shares. Separately, Zacks Investment Research cut HARGREAVES LANS/ADR from a “hold” rating to a “sell” rating in a research report on Friday, September 6th.

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Learn more about the changes and how our new features help your investing success. (Alliance News) - Hargreaves Lansdown PLC on Thursday said it withdrew an annual general meeting ... (Alliance News) - Hargreaves Lansdown PLC on Thursday said it withdrew an annual general meeting resolution on how it should handle its political donations. The fund marketplace said: "Resolution 18 was withdrawn at the start of the meeting and accordingly no formal vote was held. We are consulting with shareholders in relation to this resolution." According to the Daily Telegraph, the company removed the resolution in fear that it would be voted down by its founder and largest shareholder Peter Hargreaves. Sources told the newspaper that Hargreaves, a staunch Brexit supporter, thinks the company should be able hold stronger political views.

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Hargreaves Lansdown (LSE: HL) and OnTheMarket (LSE: OMTP) both brought us updates Thursday, and both could suffer from a no-deal Brexit. The bottom line is a loss per share of 11.16p (from a loss of 9.57p at the same stage last year), and the company reached 31 July with £8.8m in cash on its books, from £15.7m six months previously. One obvious thing is the collapse of the Purplebricks share price, after that company greatly overstretched itself. But even without that, we’re looking at a competitive marketplace with Rightmove and Zoopla in the same space. And, as far as I can see, there’s little in the way of differentiation between them. Hargreaves Lansdown shares, meanwhile, dipped 2% after its latest quarterly trading update spoke of “new business in the period being impacted by weak investor sentiment arising from continuing Brexit and political uncertainty in the UK and wider global macro issues such as trade tariffs.”.

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Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad:. The company said on Thursday that new business was “impacted by weak investor sentiment arising from continuing Brexit and political uncertainty in the UK and wider global macro issues such as trade tariffs.” Shares fell 1.2% in early trade. The warning came despite Hargreaves Lansdown reporting net new business of £1.7bn in the three months to September 30, up from £1.3bn in the same period a year earlier. “I’m pleased to report a solid start to our financial year for client, net new business and revenue growth,” Chris Hill, chief executive of Hargreaves Lansdown, said.

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Hargreaves Lansdown has said it was hit by “weak investor sentiment” in the past three months due to fears surrounding Brexit and the global economy. The company said new business also increased, up to £1.7 billion from £1.3 billion in the same period last year, as it looks to boost its share value which has come under pressure in recent months after the firm became engulfed in the saga involving Neil Woodford’s frozen fund. Hargreaves Lansdown has apologised and waived fees for the near-300,000 Hargreaves investors who have around £1.6 billion in assets trapped in the Woodford Equity Income Fund. New business joined through a variety of channels including organic new client growth, ongoing wealth consolidation from current clients, flows into its Active Savings management service and £900 million in direct book transfers from JP Morgan and Baillie Gifford. But the fund supermarket added that it was struck by “weak investor sentiment” arising from “continuing Brexit and political uncertainty in the UK and wider global macro issues such as trade tariffs”.

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(Alliance News) - Hargreaves Lansdown PLC on Thursday said it has made a "solid start" to its new ... (Alliance News) - Hargreaves Lansdown PLC on Thursday said it has made a "solid start" to its new financial year with growth in first quarter revenue and net new business. Positive stock market movements added GBP800 million to assets under administration, versus GBP1.2 billion a year ago. Assets under administration at the period-end totalled GBP101.8 billion, up on GBP99.3 billion as at June 30 and GBP94.1 billion a year ago. Hargreaves Lansdown said first-quarter new business was driven through a variety of channels including organic growth, ongoing wealth consolidation onto the company's platform by existing clients, continued fund inflows into cash management service "Active Savings" and direct book transfers from JP Morgan and Baillie Gifford. "I'm pleased to report a solid start to our financial year for client, net new business and revenue growth. We continue to focus on our strategy of delivering excellent service, information and value during these continued uncertain times for our clients," said Chief Executive Chris Hill.

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Hargreaves Lansdown assets under administration up 3% as new business hurt by 'weak' investor sentiment. StockMarketWire.com - Wealth manager Hargreaves Lansdown said net assets grew 3% in the third quarter of the year as net new business was impacted by ‘weak’ investor sentiment arising from ongoing Brexit and political uncertainty in the UK and wider global macro issues such as trade tariffs. For the three months ended 30 September, assets under administration (AuA) rose 3% to £101.8bn from the second quarter and revenue was up 6% to £128.1m. The company added 35,000 new clients in the period, up from 29,000 a year earlier ago, taking active client numbers to 1.26m. 'Whilst we anticipate that costs will typically be aligned to client number growth, we are mindful of the external market environment, and hence remain watchful on costs despite the client and revenue growth experienced during the period,' the company said.

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