Peter Hargreaves takes aim at HL's strategy to offer hybrid advice

In an interview with the Financial Times, Peter Hargreaves said the current board had "indulged in completely unnecessary irrelevant programmes, which have distracted the firm from its prime objective. "It is hardly surprising the shares have collapsed." In the past 12 months, the Bristol based firm has had its share price fall almost 40%, according to Refintiv data. Hargreaves, who is the biggest shareholder in the firm with a near 20% stake, pointed to its plans for a large-scale hybrid advice service, which would sit between the current DIY version the platform is well known for...