Stephen Lansdown offloads £200m Hargreaves stake

An announcement to the stock exchange said he had sold 14.5m shares, worth an estimated £200m. He retains 75.5m shares, equating to just under 16% of the business. The latest sell off follows a disposal of 5.5m shares in April last year which netted the businessman £50m. The latest sale took place on 25 March and is estimated to be worth a total of £200m. Lansdown (pictured) stepped down from the Hargreaves Lansdown board in November 2012. The sale comes one week after Hargreaves Lansdown shares jumped 14% after the Chancellor announced the merger of the stocks and shares and cash...