DMB.F - Hargreaves Lansdown plc

Frankfurt - Frankfurt Delayed price. Currency in EUR
21.19
+0.36 (+1.73%)
At close: 8:06AM CEST
Stock chart is not supported by your current browser
Previous close20.83
Open21.19
Bid21.04 x 0
Ask21.56 x 0
Day's range21.19 - 21.19
52-week range18.59 - 28.12
Volume630
Avg. volume36
Market cap10.2B
Beta (3Y monthly)0.94
PE ratio (TTM)32.30
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.37 (1.85%)
Ex-dividend date2019-09-26
1y target estN/A
  • Reuters - UK Focus

    UPDATE 2-FTSE jumps amid soothing China nerves; miners, Hargreaves lead

    Mining stocks thrust London's main index higher on Thursday after a round of Chinese data dissipated some global growth fears and nickel prices hit a 16-month high amid supply worries, while Hargreaves Lansdown advanced after strong annual results. The FTSE 100, which fell almost 5% in the days after President Donald Trump said he would slap tariffs on more Chinese imports last week, recovered for the second session running and surged 1.2%.

  • Bloomberg

    Hargreaves Lures New Customers in Year Clouded by Woodford

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Hargreaves Lansdown Plc attracted new clients in a year that ended with the U.K.’s biggest online investment platform caught up in the tumult surrounding Neil Woodford’s decision to freeze his flagship fund.The platform got 133,000 new clients for the 12-month period ended June 30, the company said in a statement on Thursday. This compares with the 137,000 new clients it signed up for the 12-month period ended June 30, 2018. Hargreaves rose as much as 6.7% in London trading.Hargreaves Lansdown has come under intense scrutiny for its longstanding backing of U.K. stock picker Woodford. The platform said in June that 291,520 clients either own shares in the LF Woodford Equity Income Fund or are exposed to it indirectly. Woodford shocked the financial world that month when he froze withdrawals in his flagship fund, citing an inability to sell holdings quickly enough to meet redemption requests.“I have apologised to all clients who have been impacted by the recent problems around the Woodford Equity Income Fund, because we all share their disappointment and frustration,” Chief Executive Officer Chris Hill said in the statement. “I am determined that we learn from events such as these.”Net new business totaled 7.3 billion pounds ($8.9 billion) in the period, more than the 6.9 billion pounds forecast in a company-compiled analyst consensus.The firm’s assets under administration rose to 99.3 billion pounds from the 91.6 billion pounds as of June 30, 2018. The firm’s net revenue rose to 480.5 million pounds from 447.5 million pounds the previous year. That’s below a company-compiled average of 484.1 million pounds by 15 analysts.Hargreaves removed Woodford’s flagship fund from one of its “favorite” lists after he froze redemptions and also sold its stake in a smaller Woodford fund as the Oxford-based manager came under fire from regulators, politicians and long-time backers. The company also waived its platform fee for clients who held the suspended fund. It estimates loss of revenue to be at about 360,000 pounds per month while the fund remains closed, according to the statement.Hill and Chief Financial Officer Philip Johnson won’t take bonuses for 2019 in the wake of the Woodford fund suspension, according to the statement. Other executives including Research Director Mark Dampier and Chief Investment Officer Lee Gardhouse will also forgo their bonuses for the same period, according to a spokesman for the company.(Updates with share moves in second paragraph, lost revenue details in seventh paragraph.)To contact the reporter on this story: Suzy Waite in London at swaite8@bloomberg.netTo contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Ambereen ChoudhuryFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • FTSE jumps amid soothing China nerves; miners, Hargreaves lead
    Reuters

    FTSE jumps amid soothing China nerves; miners, Hargreaves lead

    The FTSE 100 , which fell almost 5% in the days after President Donald Trump said he would slap tariffs on more Chinese imports last week, recovered for the second session running and surged 1.2%. The more domestically focussed mid-cap index rose 1% on its best day in nearly three months. "The trade spat is far from over, but while the rhetoric and the actions have been dialled down, traders are swooping in snapping up relatively cheap stocks," CMC Markets analyst David Madden said.

  • Reuters - UK Focus

    UPDATE 2-Hargreaves Lansdown weathers Woodford as asset rise lifts shares

    British fund supermarket Hargreaves Lansdown overcame adverse publicity over the suspension of Neil Woodford's flagship fund to increase full-year assets by 8.4% on a growing client base and net savings inflows, sending its shares higher. The UK's biggest online investing platform appeared to have weathered the ire of clients and policymakers since the June suspension of Woodford's equity income fund, which Hargreaves had championed for years to its many retail savers. Hargreaves said on Thursday that total assets under administration were 99.3 billion pounds ($121 billion) at end-June, up from 91.6 billion pounds a year earlier and beating a company supplied consensus of 15 analysts for 98.7 billion pounds, helping to underpin a 7.7% rise in its shares.

  • Reuters

    Hargreaves Lansdown weathers Woodford as asset rise lifts shares

    British fund supermarket Hargreaves Lansdown overcame adverse publicity over the suspension of Neil Woodford's flagship fund to increase full-year assets by 8.4% on a growing client base and net savings inflows, sending its shares higher. The UK's biggest online investing platform appeared to have weathered the ire of clients and policymakers since the June suspension of Woodford's equity income fund, which Hargreaves had championed for years to its many retail savers. Hargreaves said on Thursday that total assets under administration were 99.3 billion pounds at end-June, up from 91.6 billion pounds a year earlier and beating a company supplied consensus of 15 analysts for 98.7 billion pounds, helping to underpin a 7.7% rise in its shares.

  • Reuters

    Hargreaves Lansdown management to give up bonuses amid Woodford furore

    Executives at fund supermarket Hargreaves Lansdown are surrendering their bonuses after clients were hit by the suspension of Neil Woodford's flagship fund, a source with direct knowledge of the matter said. Chief Executive Chris Hill, Chief Financial Officer Philip Johnson, Chief Investment Officer Lee Gardhouse and Research Director Mark Dampier, will take no bonus for 2019, the source said. This demonstrates his and Hargreaves Lansdown's continued focus on putting clients first," he added.

  • Hargreaves urges Woodford Fund to repay customers
    Sky News

    Hargreaves urges Woodford Fund to repay customers

    The chief executive of an investment platform that championed Neil Woodford's suspended fund has said he is "putting pressure" on the fund manager to repay his customers. Chris Hill, chief executive of Hargreaves Lansdown, said in an update to the platform's clients that he was "angered" about the lack of resolution over the shutdown of the flagship LF Woodford Equity Income Fund. Almost 300,000 Hargreaves Lansdown investors have around £1.6bn in assets tied up in the fund, which was suspended at the beginning of the month.

  • Reuters - UK Focus

    UPDATE 3-Nearly 300,000 Hargreaves Lansdown clients exposed to Woodford fund

    British investment platform Hargreaves Lansdown said nearly a quarter of its clients are exposed to Neil Woodford's suspended fund, piling further pressure on the company for heavily backing the fund since it was launched. The scale of retail investors' holdings in the fund has propelled Woodford to the front of Britain's business pages, drawing criticism from savers and politicians alike and casting doubts over his investing style. In a letter to the UK's treasury committee published on Wednesday, Hargreaves CEO Chris Hill said 133,769 clients had a direct holding worth 1.1 billion pounds in the suspended 3.7 billion pounds ($4.65 billion) LF Woodford Equity Income Fund.

  • Nearly 300,000 Hargreaves Lansdown clients exposed to Woodford fund
    Reuters

    Nearly 300,000 Hargreaves Lansdown clients exposed to Woodford fund

    British investment platform Hargreaves Lansdown said nearly a quarter of its clients are exposed to Neil Woodford's suspended fund, piling further pressure on the company for heavily backing the fund since it was launched. The scale of retail investors' holdings in the fund has propelled Woodford to the front of Britain's business pages, drawing criticism from savers and politicians alike and casting doubts over his investing style. In a letter to the UK's treasury committee published on Wednesday, Hargreaves CEO Chris Hill said 133,769 clients had a direct holding worth £1.1 billion in the suspended £3.7 billion LF Woodford Equity Income Fund.

  • Reuters

    Hargreaves CEO says to forgo bonus until Woodford fund issue resolved

    "Until investors are able to access their money held with Woodford Equity Income, I will not be taking a bonus," Hill said in an emailed statement. Woodford, among Britain's most famous fund managers, has faced fierce criticism after suspending his £3.7 billion equity income fund on June 3, in a rare move for a fund designed for retail investors. Hargreaves, a major Woodford backer, picks out a number of funds it considers to be among the best value for its ‘Wealth 50’ list.

  • Reuters - UK Focus

    UPDATE 1-Hargreaves CEO says to forgo bonus until Woodford fund issue resolved

    Hargreaves Lansdown Chief Executive Officer Chris Hill said on Monday he will forgo a bonus until investors in Neil Woodford's suspended fund, which was backed by the British fund supermarket, have access to their money. "Until investors are able to access their money held with Woodford Equity Income, I will not be taking a bonus," Hill said in an emailed statement. Woodford, among Britain's most famous fund managers, has faced fierce criticism after suspending his 3.7 billion pound ($4.70 billion) equity income fund on June 3, in a rare move for a fund designed for retail investors.

  • Reuters

    Hargreaves Lansdown CEO to forgo bonus over Woodford fund fallout - FT

    On Tuesday, British lawmaker Nicky Morgan asked for information about Hargreaves Lansdown's links to the Woodford fund, which was frozen on June 3. Hargreaves Lansdown did not immediately respond to a Reuters request for comment.

  • Reuters - UK Focus

    UK lawmaker asks Hargreaves Lansdown about links to Woodford fund

    Senior British lawmaker Nicky Morgan has asked UK fund supermarket Hargreaves Lansdown for information about its links to the Woodford fund suspended last week, a British parliamentary committee said on Tuesday. Treasury Select Committee chair Morgan has written to Hargreaves' CEO Chris Hill to ask about the firm's links to the Woodford fund, its inclusion on Hargreaves Lansdown's "Wealth 50" list, and to detail the number of its customers exposed to the fund, the committee said in a statement.

  • Woodford draws fire from politicians, investors over fund suspension
    Reuters

    Woodford draws fire from politicians, investors over fund suspension

    British politicians and regulators piled pressure on Neil Woodford following the suspension of his flagship fund a week ago, while investors pulled money from his other products and a major backer distanced itself from the frozen fund. Woodford Investment Management suspended its equity income fund on June 3, a rare move for a product aimed at retail equity investors, after a run of redemption requests. Morgan's comments came after Andrew Bailey, chief executive of Britain's markets regulator, the Financial Conduct Authority, said the suspension raised "important questions" about how illiquid investments should be regulated.

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes