Hargreaves Lansdown shares plunge as pandemic trading boom ends

Elvera Bartels

Like other financial investment platforms, Hargreaves was boosted by bored Britons investing volatile shares throughout lockdown.

Wild industry swings during the disaster prompted an military of retail investors to mobilise on social media platform Reddit and pile into so-referred to as “meme stocks” these as GameStop, the US retailer, and AMC, the owner of Odeon.

Nonetheless, the investing increase has receded due to the fact perform from dwelling diktats have been lifted and staff returned to their desks.  

The Bristol-dependent fund supermarket also announced plans to commit £175m in the company’s tech capabilities about the subsequent five many years and released a financial advice services to take benefit of a “key inflection point” in the UK’s prosperity administration current market.

It explained: “Now is the suitable time to concentrate on the broader wealth administration sector and established a new typical for how the Uk will save and invests.”

Julian Roberts,

Read More