Hargreaves shares tumble on business growth fears

This morning the group reported record underlying profits of £72m in the second half of 2011, while revenues climbed 16% to £112.9m. However, total net business inflows fell to £1.16bn, down 13%, and by mid-morning shares were selling-off. By 8:51am, shares were down 3.3% or 15p, to 445p, making them the top faller on the FTSE 100. Meanwhile the FTSE was up 0.3% to 5,898.5. Hargreaves' share price has tumbled over the past year, after previously hitting a high of 646.5p before the summer market sell off. It remains near the low point of 404.4p which it fell to last August, despi...