BlackRock ups Hargreaves stake to 5% on eve of platform paper

BlackRock has lifted its stake in Hargreaves Lansdown to over 5% as it backs the platform's share price to continue its meteoric rise.

The fund house now has a 5.4% interest in Hargreaves after buying more of the stock this Wednesday, the same day on which the platform's co-founder Stephen Lansdown disposed of 5.5m shares. As of that date, 24 April, BlackRock holds voting rights equivalent to 25.5m shares in the group, a significant increase on the 7.8m shares it owned as of 1 February, according to data from S&P Capital IQ . The S&P Capital IQ share register suggests BlackRock is now the largest single owner of Hargreaves shares behind co-founders Lansdown and Peter Hargreaves (pictured). The platform's share pri...