Hargreaves triples dealing staff to handle post-Brexit vote rush

Increase in trading activity

clock • 2 min read

Hargreaves Lansdown has boosted staff numbers to help investors negotiate the aftermath of Thursday's European Union referendum, with many sitting on significant cash piles in the run-up to the vote.

Reuters reports Hargreaves Lansdown has tripled dealing staff numbers, hired more helpdesk personnel and extended opening hours in expectation of a significant increase in trading activity once the result of the referendum is known early on Friday morning.  It has also cancelled all non-essential maintenance work and extended its business hours for the three working days after the referendum, plus four-and-a-half hours from 9.30am on Saturday. Spokesperson Danny Cox told Reuters: "A lot of this is just wait and see, but we have put contingency plans in place; we have got extra people ...

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 Economics / Markets

Trump's presidency and tariffs: Advice industry shares views

Trump's presidency and tariffs: Advice industry shares views

‘Stark raving mad’ but ‘great’ for US firms

Isabel Baxter
clock 18 February 2025 • 4 min read
Five-fold surge in advisers buying gilts for clients in 2024

Five-fold surge in advisers buying gilts for clients in 2024

AJ Bell finds 436% increase in gilt purchases on its Investcentre

Isabel Baxter
clock 10 February 2025 • 1 min read
Bank of England cuts interest rates by 25bps to lowest level in 18 months

Bank of England cuts interest rates by 25bps to lowest level in 18 months

First MPC meeting of the year

Sorin Dojan
clock 06 February 2025 • 3 min read