Launches a p2p platform, with low yields think we will see increasing p2p aggerators/investment funds, platforms to give retail investors access
After several years of strong growth, Hargreaves Lansdown has reported a drop in pre-tax profits for the last six months of 2014 as the impact of clean pricing offset a further rise in assets. Reporting results for the six months to 31 December 2014, the platform said pre-tax profits dropped 2%, from £104.1m to £101.9m, but it nonetheless raised its interim dividend by 4% to 7.3p per share. The platform's shares fell 5.8% to 985p in early trading, and the decline accelerated later in the day to leave shares 8% down at 961p by mid-afternoon. The stock remains well above the near-term low of 827p reached in October.