Hargreaves Lansdown achieves record inflows and boosts profits on trading boom

News Team, 07/08/2020

Hargreaves Lansdown (HL) has delivered a strong result for its full year ending 30 June, off the back of record inflows and frenetic trading activity.

The fund supermarket and savings platform, which provides tax wrappers and financial advice, produced a pre-tax profit of £378.3 million in the year to 30 June 2020, up 24 percent on 2019’s £305.8 million.

This figure included a £38.8 million gain relating to the sale of data provider FundsLibrary to Broadrid...

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