Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hargreaves Lansdown Profit Rises 23% After Gaining New Clients

Don't Miss Out —
Follow us on:

Sept. 5 (Bloomberg) -- Hargreaves Lansdown Plc, 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.