Hargreaves Lansdown profits hit by clean pricing

Reporting results for the six months to 31 December 2014, the platform said pre-tax profits dropped 2%, from £104.1m to £101.9m, but it nonetheless raised its interim dividend by 4% to 7.3p per share. The platform's shares opened down 4.5% at 998p in early trading on 4 January, shortly after the results were published. Hargreaves said total net inflows for the six months stood at £2.25bn, compared with £2.8bn in the comparable period a year ago, helping push assets under administration up 4.7% over the half year to £49.1bn. The business added 23,000 new clients for the period, comp...