Greater London, England -- (SBWIRE) -- 05/02/2011 -- Spread betting and CFD trading provider City Index (http://www.cityindex.co.uk/) brings you the latest financial market news for April 19th
Operating revenue has rallied for Hargreaves Lansdown, which entered the FTSE 100 earlier this year.
The organisation revealed in its interim management statement for January 1st to April 15th 2011 that for the nine months ending March 31st, operating revenue stood at £150.3 million.
This is a 32 per cent increase on the same period in 2010, when operating revenue reached £113.9 million.
An interim dividend of £20.8 million was also paid out on April 6th and during the third quarter, the group stayed debt-free.
Following the news, Hargreaves Lansdown's share price had risen up the FTSE 100 by 1.74 per cent as of 09:46 BST.
Commenting on the results, chief executive of the financial services firm Ian Gorham said: "This year, earthquakes in the Pacific region, uncertainty around North Africa and the Middle East, looming spending cuts and flat stock markets should have formed a less-than-ideal backdrop for equity investment."
Learn more about spread betting at http://www.cityindex.co.uk/spread-betting/
Spread betting and CFDs are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
* Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.
About City Index
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial spread betting.
We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. Visit http://www.cityindex.co.uk/ for more information.