Today was the deadline for HL to back the bid, or walk away from doing so, after it was extended following the consortium’s approach.
The firm also published its latest annual results today, for the year to the end of June.
Assets under management rose 16% to just over £155 billion and it added 78,000 clients in the period.
Profit before tax fell 2% to £396.3 million.
Dan Olley, chief executive officer, appointed in August 2023, called it an “eventful first 12 months, not least with the approach ”, adding:
“As I made clear on joining, we need to help more people across the UK save and invest to secure their financial future, so for us this is more than a mission, it’s an obligation. I have therefore been reassured during process that the consortium are aligned with our mission.”
HL’s shares rose toward the price of the bid today, up over 21p to 1098p, a rise of 2%.
Source: Yahoo
