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
Facebook Twitter LinkedIn

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.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

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.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Hargreaves Lansdown PLC1,579.00 GBX-0.57
Unilever PLC4,274.50 GBX-0.93Rating

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement