Hargreaves Lansdown posts 42pc profits growth

Impressively, the firm's assets under administration increased by 9pc to £11.1bn, this despite a 16pc decline in the FTSE All Share index over the same period. Revenue growth was 22pc up to £120.3m. Chief executive Peter Hargreaves highlighted an improved profit margin from 41pc to 48pc, which he said illustrated the "scaleability" of the firm's business model. However, looking ahead, he acknowledged that market conditions are likely to remain challenging. He said: "Over the coming months we shall focus on exploiting opportunities which still exist such as the transfer market, growth ...