Hargreaves revenues rise on back of GameStop trading

Hargreaves Lansdown’s revenues rose by more than a fifth, bolstered by record share trading in the first four months of the year, as British retail investors joined the buzz of activity around US stocks including GameStop. The UK’s largest trading platform reported that its clients made 6m share deals in the first four months of the year, up from 4m in the same span in 2020, helping to lift its revenues 22 per cent to £233m. Investing platforms on both sides of the Atlantic have benefited from increased retail trading during Covid-19 lockdowns, as homebound users staked excess savings in the market.