Hargreaves Lansdown joins FTSE 100

The firm, which has a market capitalisation of over £3bn, has seen its share price rise from under 200p at the beginning of 2009 to over 600p. Its promotion to the index, which was confirmed in FTSE's quarterly review, is likely to see a rush for shares from index tracker funds. The change will be implemented at the close of business on 18 March and take effect from the start of trading on 21 March. Co-founders Peter Hargreaves and Stephen Lansdown retain control of around 52% of the shares in the firm, although Lansdown recently stepped down from his role as chief executive. Th...