Hargreaves happy

Money continues to flow into investment firm and asset manager Hargreaves Lansdown.

New business inflows rose 10% to £7.6bn in the year to the end of January. That helped push pre-tax profits up 10% to £292.4m for the year, with revenues up 16% to £447.5m.

The number of new clients rose 137,000, which meant the total figure topped 1 million. Chief executive Chris Hill called that a milestone.

He was also pretty upbeat about the future, but cautioned in a statementthat "Brexit is on the horizon and the prevailing political and economic turbulence is having an effect on investor confidence".