Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and 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.
Citywire TV
Play Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter