Hargreaves Lansdown’s new business slows as platform prepares for 2025 takeover
1 month, 3 weeks ago

Hargreaves Lansdown’s new business slows as platform prepares for 2025 takeover

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Hargreaves Lansdown saw a more than 16% drop in new business last quarter, as the investment platform gears up for a private equity takeover in 2025. The London-listed firm said it brought in £500 million in net new business in the three months to September 30, compared with £600 million in the previous quarter. Earlier in October, Hargreaves Lansdown shareholders agreed to a takeover by a private equity consortium including buyout giant CVC Capital Partners and the Abu Dhabi wealth fund.

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History of this topic

Hargreaves Lansdown agrees £5.4bn takeover
4 months, 2 weeks ago

Hargreaves Lansdown agrees £5.4bn takeover

The Telegraph  

Trading pioneers Peter Hargreaves and Stephen Lansdown are in line for an £800m payday after selling the eponymous business they founded in a spare bedroom in Bristol more than 40 years ago. The two men, who co-founded Britain’s biggest share trading platform Hargreaves Lansdown in 1981, have backed a takeover of the business by European and Middle Eastern investors. Mr …

Hargreaves Lansdown takeover bid not fair to all investors, chairman warned
6 months ago

Hargreaves Lansdown takeover bid not fair to all investors, chairman warned

The Telegraph  

A shareholder in Hargreaves Lansdown has expressed its “dismay” at a £5.4bn private equity takeover bid for the fund supermarket in an open letter to chairman Alison Platt. Lancaster Investment Management said it was “unconvinced” by the offer tabled by a consortium of private equity funds led by CVC Capital Partners and Abu Dhabi. In the letter, it wrote: “We …

How fat fees put Hargreaves Lansdown in the crosshairs
7 months ago

How fat fees put Hargreaves Lansdown in the crosshairs

The Telegraph  

Any takeover of Hargreaves would herald the end of its 17 years on the London stock market, and underscore how the champion of the investment world was brought low by a price war for investors’ cash. “Hargreaves Lansdown has been a phenomenally successful platform since its inception but now they’ve got a problem,” says Stephen Barrett, of financial services firm …

Hargreaves Lansdown plunge marks the end of pandemic trading boom
2 years, 10 months ago

Hargreaves Lansdown plunge marks the end of pandemic trading boom

The Telegraph  

Workers returning to the office have found themselves with less time to trade shares and invest their savings, resulting in lower profits for Hargreaves Lansdown. The FTSE 100 company said weaker share trading volumes and low interest rates resulted in pre-tax profits falling by a fifth to £151m during the last six months of 2021. Shares fell to £10.95, slashing …

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