Hargreaves rally continues as FTSE makes gains

clock

Hargreaves Lansdown is topping the FTSE 100 leaderboard for a second consecutive day of trading as the index starts the week in the black.

The group, which reported record revenues in its interim results last Friday, rose 2.5% in early trading to trade at 729.4p. The group's shares have now risen by 16% since the start of the month. The FTSE 100 was up 0.3% at 5,812 by mid-morning, as shares on the continent also rose following reassuring data from China. The rate of inflation in China subsided in September to rise 1.9% on an annualised basis, the data revealed, while exports rebounded at almost twice the expected rate. Chinese Q3 GDP figures are due on Thursday. But UK-listed miners failed to get a boost from the dat...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read
Royal London cuts number of governed range portfolios

Royal London cuts number of governed range portfolios

Renaming remaining portfolios to reflect level of investment risk

Jenna Brown
clock 18 November 2024 • 1 min read
AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read