Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Lansdown bags £52m selling down Hargreaves stake

1 Comment
Lansdown bags £52m selling down Hargreaves stake

Stephen Lansdown has let go of five and a half million Hargreaves Lansdown shares.

In a statement to the stockmarket it was revealed Lansdown (pictured) sold the shares on Wednesday, bringing his holding below the 19% mark to 18.97%. He retains ninety million shares.

With shares in the FTSE 100 discount broker ending trade at 960.50p, the transaction could have netted the firm's co-founder Lansdown £52.8 million.

Lansdown featured prominently in this weekend's Sunday Times Rich List, a detailed analysis of the wealthiest individuals in Britain.

According to the 2013 survey Lansdown is worth in the region of £900 million, while Peter Hargreaves, who he established the Bristol broker alongside, is worth an estimated £1.5 billion. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter