Hargreaves Lansdown

New guard make their mark

Hargreaves Lansdown entered the top five groups by net retail sales in the first quarter following a spate of multi-manager launches, according to the latest Pridham report.

Hargreaves Lansdown has raised £94m for the latest addition to its multi-manager range, an Asia and emerging markets fund.

Alliance Trust's agreement to appoint two of the non-execs proposed by Elliott Advisors has been proclaimed a victory for the hedge fund, but the trust's future direction remains up in the air.

Peter Hargreaves and Stephen Lansdown have dropped down the annual Rich List rankings after a tough 2014 for Hargreaves Lansdown shares.

Tesco shares have sunk 5% this afternoon as investors took an increasingly dim view of its £6.4bn full year loss.

Hargreaves Lansdown shares dropped as much as 4% after co-founder and majority stakeholder Peter Hargreaves stepped down from the company's board with immediate effect.

Mark Dampier, head of research at Hargreaves Lansdown, has sold nearly £900,000 worth of shares in the company after exercising share options.

Hargreaves Lansdown is extending is multi-manager range with the launch of an Asia and emerging markets vehicle at the end of this month.

Chancellor George Osborne will further relax pension rules in his Budget on Wednesday to allow the sale of annuity contracts.