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Hargreaves Lansdown enjoys more than 15% share price boost


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Spread betting provider City Index ( takes a look at the financial activity shaping the markets on 1st September 2011.

The share price of Hargreaves Lansdown has soared up London's premier stock exchange this morning (September 1st) following the publication of its financial results.

As of 09:44 BST, the organisation had advanced by 15.28 per cent on the FTSE 100, a 66-point rally on yesterday's close.

Indeed, it topped the table for the biggest risers during trading so far after revealing that for the year ended June 30th 2011, revenue increased by 31 per cent on the same period last year to £207.9 million.

Underlying profit before tax advanced by 42 per cent to £129 million, while profit before tax lifted by 46 per cent to stand at £126 million.

The positive results did not end there, with diluted earnings per share doubling to 19.6p.

Commenting on the report, chief executive of Hargreaves Lansdown Ian Gorham said: “Even though the investment market faces economic uncertainty, I believe that the company is extremely well placed to build on the momentum that has been generated. “

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