Hargreaves: "I will work until 70" pledge-papers May 16

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Hargreaves Lansdown chief executive Peter Hargreaves told The Daily Telegraph he intends to work until he is 70 as shares in his firm jumped 30% on the first day of trading.

Shares in the firm rose to 209.5p valuing the company at just under £1bn. The company floated 25% of its shares at 160p a share, with founders Peter Hargreaves and Stephen Lansdown receiving windfalls of £81.6m and £70.4m and 20 employees becoming millionaires. Hargreaves has already bought an Audi R8 with his shares, The Telegraph reports, and does not plan to give up the business for at least another ten years. He said: "If I continue in good health, I will work until I'm 70. I haven't really got much beyond work. I hate golf because I'm useless at it and although I enjoy pottering in t...

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