HL reports strong year but CEO and CFO waive bonuses on Woodford scandal

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Hargreaves Lansdown has reported a 7% rise in revenues and 5% increase in profit before tax, in a year that has been dominated by the Woodford gating scandal, which has forced CEO Chris Hill, CFO Philip Johnson, Mark Dampier and Lee Gardhouse to waive their bonuses.

Revenues rose to £480.5m from £447.5m for the previous year, while profit before tax was £305.8m, an increase from £292.4m. Diluted earnings per share also rose to 52p from 49.6p. Net new business over...

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