Following the latest disposal Lansdown (pictured), who co-founded HL with Peter Hargreaves in 1981, now owns 75.5 million shares representing a 15.92% interest in the firm.  

According to an announcement on the London Stock Exchange last night, Lansdown sold the shares on 25 March.

Based on a closing price of £14.06 on that day, Lansdown netted a windfall of around £200 million on the disposal.

Shares in Hargreaves closed at £14.76 on 26 March, a gain of 5% as they moved towards a 52-week high of £15.80.

Shares in the Bristol-based firm have been in demand since last week’s Budget revealed the ISA allowance will be increased from £11,520 to £15,000. Its stock rose by 15% in the afternoon following the announcement.