HL revenue up 10% in Q1

Hargreaves Lansdown saw revenues climb 10% in the first three months of 2009, with the Vantage platfo...

Hargreaves Lansdown saw revenues climb 10% in the first three months of 2009, with the Vantage platform responsible for much of the gain, while advisory and stockbroking revenues fell. Operating revenues increased 10% to £32.8m compared with the first three months of 2008. Vantage revenues climbed 23% to 21.8m, contributing the bulk of Hargeaves Lansdown's earnings. However, stockbroking revenue plummeted 23% to £1.3m, while advisory services saw a fall of 11% to £3.8m. The amount contributed to Hargeaves' portfolio management service by its advisory division fell 24% to £71m. The group...