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Hargreaves fiscal year profit rises on record trading volumes

By Reuters

– Hargreaves Lansdown reported on Monday a rise in annual underlying earnings, with the ‘GameStonk’ retail frenzy drawing more traders to Britain’s biggest fund supermarket.

The FTSE 100-listed company said underlying pretax profit rose to 366 million pounds ($507.42 million) for the 12 months that ended in June from 339.5 million pounds a year earlier. Its assets under administration grew 30% to 135.5 billion pounds.

($1 = 0.7213 pounds)