Hargreaves Lansdown shares closed above the £10 mark for the first time ever yesterday as investors continue to back the platform to excel in a post-RDR environment.
The group's shares closed at £10.04p in afternoon trading on Tuesday, with the wider market trading at close to a five-year high at 6,686. The stock has risen more than 46% year to date to hit this new high, and more than 95% in the last 12 months, rewarding the UK equity fund managers for whom it has become a firm favourite. High profile backers include Liontrust's Julian Fosh & Anthony Cross and Jan Luthman & Stephen Bailey, Standard Life Investments' Harry Nimmo, and Nick Train of Lindsell Train. A strong first quarter for the platform has done little to dampen investor enthusia...
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