Hargreaves founders net £56m
Thursday 06 September 2012
Hargreaves Lansdown, the financial advisory giant, reported record profits yesterday and unveiled a 20 per cent rise in its dividend, leaving its co-founders, Peter Hargreaves and Stephen Lansdown, to share a £56m payout.
Revenues for the year to the end of June rose by 15 per cent to £239m, with pre-tax profits soaring 21 per cent to £153m. "We have done incredibly well in the face of such malign markets," said Mr Hargreaves, who owns 32 per cent of the firm.
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