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Hargreaves Lansdown PLC (DMB.BE)
- The Telegraph
Brokers failing to pass on interest rates while making a mint off investors’ cash
Britain's biggest investment brokers have been accused of pocketing savings interest earned on investors' cash and failing to pass it on to customers.
- Reuters
UK's Hargreaves Lansdown profit rises as savers seek to boost returns
British investment platform Hargreaves Lansdown reported a 31% jump in half-year profit on Wednesday, citing savers' efforts to boost returns in the face of a crippling cost of living crisis. The company benefited from robust growth in its retail unit Active Savings as clients poured more cash into their accounts, and its net interest margin rose helped by higher interest rates. "There is uncertainty and people want to make sure they are getting value from how they are managing their cash savings," Chief Executive Officer Chris Hill told Reuters.
- The Telegraph
These are the failing investments you should sell now
Investors have nearly £20bn in funds delivering investment returns far below similar rivals.
