Negative press coverage surrounding the Woodford Investment Management saga failed to damage Hargreaves Lansdown in the first half of its financial year, as it grew profits, assets under administration (AUA) and revenue at a respectable tick.
The firm also revealed it would be making changes to the way it put together its most popular “best buy” list, the Wealth 50, which promoted Woodford to retail investors, as the latter slipped into disaster.
For the six months to 31 December 2019 (which Hargreaves calls H1 2020), the fund supermarket’s pre-tax profit figure was up 12 percent compared to the same period the pr...