|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||35.11 - 35.11|
|52 Week Range||27.76 - 61.46|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||26.76|
|Forward Dividend & Yield||0.59 (1.79%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||N/A|
Investment platforms have reported a spike in new account openings since the coronavirus pandemic triggered a market sell-off, as investors look to pick up shares in a tumbling global market and find safe havens for cash. The Share Centre reported a 269 per cent increase in brokerage account openings from March 9 to 30, compared with the same period in 2019. The month of March is typically busy for investment and savings accounts as the Isa season reaches its height, but the numbers have exceeded the expected annual uplift.
Hugely popular funds managed by the British stockpicker Lindsell Train breached limits on portfolio concentration several times last year, prompting consternation among investors who feel they have been uninformed. The manager’s £4.9bn UK equity fund and £6.3bn global equity fund were dropped from the influential Hargreaves Lansdown Wealth 50 best-buy list last summer over their equity stakes in Hargreaves Lansdown. The UK fund was also downgraded by Morningstar, the data company, in December due to capacity concerns.
Shares of the company opened 5.2% lower at 16.2 pounds on the London Stock Exchange, near the sale price of 16 pounds a share, taking the year-to-date losses to 15%. The stake sale represented 7.3% of Hargreaves' outstanding shares, according to Reuters calculations. "The sale of some of my shares in Hargreaves Lansdown is part of a process of long-term financial planning to diversify my assets," Hargreaves said.
Britain will strike a "hard bargain" with the United States in looming trade negotiations and will not put NHS drugs pricing on the table, trade minister Liz Truss said on Thursday. Hedge fund Elliott Management Corp has built a stake worth $2.5 billion in SoftBank Group Corp and is pressing for a $20 billion share buyback and is pushing for changes at Masayoshi Son's technology conglomerate, people with direct knowledge of the matter said.
Peter Hargreaves, one of Britain's wealthiest men and the second-biggest donor to the 2016 campaign to leave the European Union, has donated 1 million pounds ($1.28 million) to Prime Minister Boris Johnson's party ahead of next week's election. Hargreaves, who amassed his fortune from co-founding fund supermarket Hargreaves Lansdown, said he was worried that the project he championed could be abandoned, leaving the United Kingdom stuck in the European Union. Johnson, 55, hopes to win a majority on Dec. 12 to push through the Brexit deal he struck with the EU after the bloc granted a third delay to a divorce that was originally supposed to have taken place at the end of March.