Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter