Half Year Results 

Hargreaves' assets fall on weak markets

Hargreaves' assets fall on weak markets

“People haven’t had the enthusiasm to trade because they’re just nervous about what happens next,” says Hargreaves Lansdown (HL.) chief executive Chris Hill. Brexit-induced uncertainty and fears around ongoing global trade wars have deterred UK retail investors from parting with their cash, which meant net new business was £2.53bn during the investment management provider's first half – almost a quarter lower than in the prior year. Negative market movements of £8.2bn meant assets under administration fell 6 per cent during the six-month period to £85.9bn.   

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