Peter Hargreaves of Hargreaves Lansdown
On net revenue that rose 16% to £447.5m, profit before tax grew 10% to £292.4m, short of the £295.3m that City analysts expected, as operating costs increased 25% to support higher client activity levels and management's increased investment to support what they see as "significant structural growth opportunity" in the United Kingdom savings and investments market, as well as a 16% increase in marketing spend.
The company, which this morning revealed an impressive set of full-year results, took in 137,000 new clients in the 12 months to 30 June - 16% more than last year, with many of them transferring from other platforms.
Hargreaves Lansdown was founded in Bristol in the early 1980s by Peter Hargreaves and Stephen Lansdown, two accountants. The...
Today's news follows previous strong results in May, when it said it brought in £3.3bn in new business.
NASA spacecraft to visit the sun to offer closest view
Thomas Zurbuchen, from NASA's Science Mission Directorate, said: "By studying our star, we can learn not only more about the Sun". Temperatures in the corona are up to 500,000 degrees celsius and, for an unknown reason, far exceeds the heat of the sun's core.
We have had another year of strong growth, in client numbers, net new business, market share and profits, driven by our continued commitment to provide excellent levels of service.
Hill maintained the group's focus on client service was necessary to position it to capture "the structural growth opportunity" in the United Kingdom savings and investments market, flagging up "significant challenges" society faces in the United Kingdom, including a £314bn savings gap, a greater need for self-provision over a longer period as life expectancy has extended, and "a complex set of government incentives and tax allowances to navigate". Clients need help and they want solutions, not just information. This provides them with the knowledge and confidence to make decisions and our range of solutions makes it easy for them to act.
Due in part to its higher level of profitability, Hargreaves Lansdown was able to increase total dividends per share by 38%.
Recommended News
-
10 August 2018Dave Grohl unveils Play, a new 23-minute recording and mini-documentary
Fans can also visit play.roswellfims.com for an interactive PLAY experience and choosing which audio and video they'd like to experience.
10 August 2018Spacewatch: Firing up for a close encounter with the sun
According to NASA, when the probe begins its final orbits it will be moving at approximately 430,000 miles per hour. Orbiting the sun at about 107,826 km per hour, relative to the Sun, the Earth is nearly always moving sideways.
10 August 2018New Jersey reports first human case of West Nile virus this year
The health department will also continue spraying pesticides until this year's first "freezing" temperatures. But the elderly and those with compromised immune systems can become seriously ill and could die. -
10 August 2018Pochettino unsure if Spurs will make any signings
English clubs can not add more players after August 9, while other leagues have until the end of the month to make signings. Spurs held on to take a 1-0 victory that puts them on top of the table with seven points having played their three matches.
10 August 2018OSU places 14-day time frame on Meyer investigation
The wide-receivers coach/recruiting coordinator was sacked July 24 after his ex-wife sought a restraining order against him. The statment says Smith will fully cooperate with the university's investigation.
10 August 2018Maybe It's Time Apple Ditched Lightning for USB
Such studies are conducted to estimate the need for the Commission's own actions and analyze the impacts of the possible options. -
10 August 2018Facebook is asking banks for people’s account data
These AR games can be played while video chatting on Messenger , with support for up to six players at a time. It remains to be seen what sort of a deal gets worked out between US banks and Facebook in the long run.
10 August 2018CL Failure Could Lead To League Glory For Liverpool
Manchester United have a front six of Mata, Lingard, Lukaku, Rashford, Martial and Sanchez. "In midfield, they've got Matic, Fred and Pogba".
10 August 2018Lindsay Lohan says women who share their #MeToo stories ‘look weak’
Former child star Lindsay Lohan has spoken out against the #MeToo movement , saying it makes women look "weak". Lindsay Lohan has talked about the sexual harassment issue in Hollywood before as well. -
10 August 2018Nintendo Switch online services confirmed to launch second half of September
This is great for people who want to retrieve their data if they lose, break or purchase an additional Nintendo Switch system. If you haven't heard already, the Switch Online price is going to be significantly less than Xbox Live Gold or PS Plus.
10 August 2018PUBG Corp vows to "fix PUBG" - PlayerUnknown's Battlegrounds
You'll also be able to set your in-game FPS cap and lobby FPS cap separately. Vehicle sounds will be reduced when driving in first-person perspective.
10 August 2018Three Miami Dolphins Protest During the National Anthem
Some players held their fists in the air, while others made a decision to kneel, despite the controversy surrounding the action. The section said fines or suspensions could potentially be handed out to players who kneel during the anthem.
