Hargreaves Lansdown Plc on Friday beat annual profit expectations helped by better cost management, sending shares in the British investment platform to a 2-1/2-month high. Last year Hargreaves battled soaring costs which hit its underlying annual profit and prompted it to launch strategic initiatives to manage costs efficiently. "This past year has seen a strong growth to our strategic execution... our focus in 2023 will be to continue delivering on these initiatives," CEO Chris Hill said in a media call.
Almost a million savers risk losing years of their retirement income to expensive stockbroker fees, consumer group Which? has warned.