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Hargreaves Lansdown Boosts FTSE 100

WEDNESDAY MARKET UPDATE: Shares in Hargreaves Lansdown rallied by 11% and helped push the FTSE 100 forward

Alanna Petroff 6 February, 2013 | 6:03PM

The FTSE 100 and FTSE 250 indices both continued to rebound on Wednesday after a sharp sell-off on Monday.

The FTSE 100 climbed up by 13 points, or 0.2%, to close at 6,295. The FTSE 250 pushed up by 99 points, or 0.8%, to close at 13,342.

Hargreaves Lansdown (HL.) was the standout gainer on the FTSE 100 and was the main reason the benchmark index made any upward movement on Wednesday. Shares in the financial services company rallied by 11% after it announced that it was amassing more assets under administation and consequently experienced double-digit revenue and profit increases over the last six months of 2012. The company is also hiking its dividend. On Tuesday, shares jumped by nearly 6% in anticipation of the company reporting its interim results.

Shares in Eurasian Natural Resources (ENRC) also shot up by 9% after the miner issued an upbeat fourth quarter production report.

On the other end of the spectrum, the main loser on the FTSE 100 was Unilever (ULVR). Shares in the consumer goods company edged down by 2%.

 

To see the top equity winners and losers on the FTSE 100 each day, check out Morningstar's Heat Map.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article
Security NamePriceChange (%)Morningstar
Rating
Hargreaves Lansdown PLC1,066.00 GBX1.81-
Unilever PLC2,641.00 GBX0.42-
About Author Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.