HL reports strong year but CEO and CFO waive bonuses after Woodford scandal

Remain commited to Wealth 50

Anna Fedorova
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Chris Hill, Hargreaves Lansdown CEO
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Chris Hill, Hargreaves Lansdown CEO

Hargreaves Lansdown has reported a 7% rise in revenues and 5% increase in profit before tax, in a year that has been dominated by the Woodford gating scandal, which has forced the CEO Chris Hill and CFO Philip Johnson to waive their bonuses.

Revenues rose to £480.5m from £447.5m for the previous year, while profit before tax was £305.8m, an increase from £292.4m. Diluted earnings per share also rose to 52p from 49.6p. Net new busine...

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