Hargreaves issues upbeat interim results

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Hargreaves Lansdown has published a confident interim management statement, claiming strong sales on ...

Hargreaves Lansdown has published a confident interim management statement, claiming strong sales on its Vantage platform have prevented an assets under management slump. It has reported a 2% drop in overall assets from £10.9bn to £10.7bn from the start of the year to the end of March despite the plummeting FTSE All-Share. “This can be attributed to strong business inflows which have compensated for the negative impact of the market during the period,” said the report. “In the full tax year ended 5 April 2008, new ISA contributions increased by 2% to £430 million, compared to £420 mill...

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