Hargreaves shares leap 16% on profits boost

The wealth manager was trading almost 70 points, or 15.8%, higher at 500p, although the shares remain significantly below the 580p seen prior to the FSA's platforms paper last month. In August, a decision by the FSA to effectively press ahead with a ban on payments by fund managers to platform providers - payments which make up a third of Hargreaves' revenues - saw investors offload shares in the company en masse. But investors sense value again this morning after Hargreaves posted strong full-year results and said it was confident regulatory changes will have little impact on the bus...