Breaking News

France's Iliad Confirms Interest in T-Mobile U.S.
Tweet TWEET

Hargreaves Lansdown Profit Rises 23% After Gaining New Clients

Hargreaves Lansdown Plc (HL/), the U.K.’s largest retail broker, said full-year net income rose 23 percent as it added new clients.

Profit for the year rose to 113 million pounds ($179 million) from 91.8 million pounds, the Bristol, England-based company said in a statement today.

The firm now has 425,000 clients, an increase of 45,000 from last year, it said. Revenue grew 15 percent to 238.7 million pounds and assets under management rose 7 percent to 26.3 billion pounds.

“The group has continued to attract significant numbers of new clients and is reporting increased profits despite a year marked by economic and regulatory uncertainty,” Chairman Michael Evans said in the statement.

To contact the reporter on this story: Howard Mustoe in London at hmustoe@bloomberg.net.

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.