One of Britain's largest sellers of investment products is preparing to float on the stock market in a move which could net each of its two founders a £240m fortune, says the Sunday Times .
Hargreaves Lansdown, set up by chief executive Peter Hargreaves and chairman Stephen Lansdown in 1981, could be valued at about £600m when it lists on the stock market. It has yet to appoint an investment bank to handle the float, but held a beauty parade of candidates last week. The listing, which will be in London, is likely to take place early in the summer, says the paper. STANDARD LIFE begins formal negotiations with more than 7,000 staff today on its controversial pension reforms, reports the Scotsman. The Edinburgh-based insurance giant is attempting to convince those employee...
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