Hargreaves Lansdown
| Use attributes for filter ! | |
| Stock price | HL |
|---|---|
| Disclaimer | |
| Ceo | Dan Olley |
| Headquarters | Bristol |
| United Kingdom | |
| Revenue | 583 million GBP |
| Founded | July 1 |
| 1981 | |
| Subsidiaries | Funds Library |
| Hargreaves Lansdown Savings Limited | |
| Founders | Peter Hargreaves |
| Stephen Lansdown | |
| Steve Lansdown | |
| Stock quote | HL |
| Disclaimer | |
| Number of employe | c. 2,000 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1532357 |
About Hargreaves Lansdown
Hargreaves Lansdown plc is a British financial service company based in Bristol, England. It sells funds and shares and related products to retail investors in the United Kingdom. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Dr Martens shares plunge after profit warning
... " There always seems to be a stone in the shoe for Dr Martens ever since its IPO in 2021, " said Susannah Streeter, head of money and markets at Hargreaves Lansdown...
The hidden tax rise in the Autumn Statement
... Sarah Coles, head of personal finance at Hargreaves Lansdown, said that while the 2% cut in NI " isn t to be sniffed at" by keeping NI and income tax bands frozen, " the Treasury has done nothing to protect us from the misery of fiscal drag, and means the lion s share of the damage done to our finances from these tax hikes will still continue to be felt years down the line"...
Higher interest rates drive bumper Lloyds profits
... Matt Britzman, equity analyst at Hargreaves Lansdown, said Lloyd s performance was helped by it managing to " keep hold of savers looking for better rates"...
Netflix's sharing crackdown is paying off but prices are still rising
... " All-in-all, management s working hard to squeeze every last drop of cash possible from the available subscriber base, " said Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown...
Global oil prices surge to 10-month high
... " The symbolically important $100 [a barrel of oil] mark is now being considered once more, " said Sophie Lund-Yates, lead equity analyst at investment firm Hargreaves Lansdown...
Google's search for an AI future as it turns 25
... " Susannah Streeter, head of money and markets at the investor Hargreaves Lansdown, agrees...
M& S returns to FTSE 100 on food and clothes boost
... Susannah Streeter, head of money and markets at broker Hargreaves Lansdown, said: " Shrinking its estate, and closing larger stores in town centres, has also been paying off...
Netflix password crackdown fuels subscriber surge
... " Netflix needs to squeeze as much juice as it can from different avenues, given a recent lack of price increases could suggest that inflation is starting to bite Netflix s ability to crank up its subscription price, as households look to trim their spending, " said Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown...
Higher interest rates drive bumper Lloyds profits
By Michael RaceBusiness reporter, BBC News
Lloyds has posted bumper profits as the UK's biggest mortgage lender continues to benefit from higher interest rates.
The banking group revealed a pre-tax profit of £1. 9bn for the three months to September, up from £576m in the same period Last Year .
Lloyds, which also owns Halifax and Bank of Scotland, made £3. 4bn in net interest income over the quarter.
But the figure was down slightly on the previous quarter as The Bank paid more out to savers.
Lloyds' latest results follow concern that banks are raising borrowing rates much faster than they are savings rates, particularly for easy access accounts.
In February, Lloyds defended itself against criticism for not offering savers more.
Most banks have reported higher profits due to rising interest rates, as customers have to pay more to borrow cash for mortgages, loans and credit cards.
Since 2021 The Bank of England has repeatedly put up the UK's benchmark interest rate, which informs rates set by High Street lenders such as Lloyds, in a bid to tackle soaring consumer prices.
Rates were left unchanged at its Last Meeting in September, at 5. 25%, but remain at their highest level since 2008, leaving homeowners and first-time buyers Under Pressure .
The average rate on a fixed two-year mortgage deal is currently 6. 34%, according to financial information service Moneyfacts.
In July , the financial watchdog warned that banks would face
Under new rules brought in by the Financial Conduct Authority (FCA), banks must now prove they are offering their customers fair value.
Charlie Nunn , group chief executive, said in a trading statement on Wednesday that The Bank remained " focused on supporting our customers and helping them navigate the uncertain economic environment".
Lloyds said it had seen more customers move cash out of current accounts and into savings accounts.
Some £11. 1bn more was withdrawn from current accounts in September than the same month Last Year , it said, with the amount of cash put into savings accounts increasing by 5%.
Matt Britzman, equity analyst at Hargreaves Lansdown , said Lloyd's performance was helped by it managing to " keep hold of savers looking for better rates".
" As we've seen over recent quarters consumers are conscious of the rates they're receiving on current account deposits and are off In Search of higher yields, " He Said .
" Consumers facing higher living costs may not be feeling any release of pressure, but they're managing finances well and remain remarkably resilient, with arrears levels stable. "
Related TopicsSource of news: bbc.com
