Hargreaves triples dealing staff to handle post-Brexit vote rush

Increase in trading activity

clock • 2 min read

Hargreaves Lansdown has boosted staff numbers to help investors negotiate the aftermath of Thursday's European Union referendum, with many sitting on significant cash piles in the run-up to the vote.

Reuters reports Hargreaves Lansdown has tripled dealing staff numbers, hired more helpdesk personnel and extended opening hours in expectation of a significant increase in trading activity once the result of the referendum is known early on Friday morning.  It has also cancelled all non-essential maintenance work and extended its business hours for the three working days after the referendum, plus four-and-a-half hours from 9.30am on Saturday. Spokesperson Danny Cox told Reuters: "A lot of this is just wait and see, but we have put contingency plans in place; we have got extra people ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Bank of England holds interest rates at 4.25%

Bank of England holds interest rates at 4.25%

Next MPC meeting in August

Sorin Dojan
clock 19 June 2025 • 3 min read
UK inflation dips to 3.4% in May but upside pressures persist

UK inflation dips to 3.4% in May but upside pressures persist

Services CPI still high

Sorin Dojan
clock 18 June 2025 • 2 min read
UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

Chancellor delivered Spending Review

Sorin Dojan
clock 11 June 2025 • 4 min read