Hargreaves Lansdown has topped the FTSE 100 index in early trading after reporting record levels of assets under administration in its quarterly results this morning.
The wealth manager, which reported a record quarter of £1.8bn in net inflows to 31 March, rose 4.28% or 38.5p to 938.5p by early morning. That meant it bucked the trend seen across the wider index, which stood down 0.44% at 6,276. Another riser was Burberry Group, which rose 4.11% or 52p to £13.18, which reporting a 9% rise in underlying H2 revenue in an upbeat trading statement. The FTSE was dragged lower by a number of large-caps going ex-dividend this morning, including BG Group and Smith & Nephew. Mining stocks also continued to weigh on the index, with both BHP Billiton and...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
