Financial services firm Hargreaves Lansdown (HL) has reported a fall in profits amid a macroeconomic and geopolitical climate "not seen in a generation".
The Bristol-based investment company saw underlying profit before tax decrease 19% to £297.5m for the year ending June 30, 2022. Revenue also fell from £631m in 2021 to £583m.
But chief executive Chris Hill said the company had made "strong" progress since February, following the launch of the first of its new funds and an acceleration in its saving proposition.
