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Hargreaves Lansdown 4-month Net Revenue Rises

Hargreaves Lansdown plc (HL.L), in its trading update for the four month period ended 30 April 2019, reported that its net revenue for the period rose to 159.5 million pounds from last year's 150.6 million pounds, benefitting from a greater level of AUA and a higher cash revenue margin, which have more than offset a fall in stock broking revenues.

Net new business was 2.9 billion pounds compared to 3.3 billion pounds in the previous year. Assets under administration or "AUA" was 97.8 billion pounds for the period.

Chris Hill, Chief Executive Officer said, "Whilst political and macro-economic uncertainty remains, we are confident that our continued focus on the needs of UK investors and savers means that we are well positioned to deliver attractive growth."

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