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Investors cheer Hargreaves to top of FTSE leaderboard

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Record revenues for the last quarter have helped make Hargreaves Lansdown the biggest riser in the FTSE 100 in early trading, but the wider market has slipped back.

Hargreaves rose 2.7% on the final day of the week’s trading after reporting £68.7m in revenues for the three months to September, up 20% on the previous year.

The FTSE 100 was down 0.1% at 5,822 at the start of the day’s trading, following modest falls in the US and Asia overnight.

Other financials also rallied, Standard Chartered rising 2.7%, Barclays up 1.9% and Lloyds Banking Group up 1.6%. The largest fallers were IMI, the engineering group having gone ex-dividend, and peer GKN. Both dropped 2.9%.

The Dow Jones Industrial average closed down 0.1% at 13,326, with the S&P 500 flat at 1,433.

In Asia, the Nikkei closed down 0.2% at 8,534, though the Hang Seng posted a modest rise of 0.7% to 21,136.

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