Navigate

Hargreaves Lansdown’s prospective new owners should ban working from home, says its co-founder

  • Peter Hargreaves started the company with Stephen Lansdown in 1981

By city and financial reporter

Updated:

Hargreaves Lansdown’s prospective new owners should ban working from home, says its co-founder.

Peter Hargreaves, who founded the firm with Stephen Lansdown in 1981, said he hoped more staff would return to the office if private equity bidders led by buyout firm CVC took control.

“There’s a lot of work from home, and the helpdesk doesn’t work if you work from home,” Hargreaves told the Telegraph.

He added: “I hope they do away with working from home. You just can’t run a business like that. It’s just madness.’

Moving on: Hargreaves Lansdown’s board said this week it would accept a £5.4 billion bid from CVC, Nordic Capital and Abu Dhabi-backed Platinum Ivy

His comments come after the company’s board said this week it would accept a £5.4 billion bid from CVC, Nordic Capital and Abu Dhabi-backed Platinum Ivy.

HL, which was listed on the stock exchange in 2007, is the largest investment platform in the country.

Some links in this article may be affiliate links. If you click on it, we may earn a small commission. That helps us fund This Is Money and keep it free to use. We do not write articles to promote products. We do not allow a commercial relationship to compromise our editorial independence.

Related Post
  1. City’s Michael Spencer toasts £132m wine sales

    > Fine Wines company backed by City grandee Michael Spencer toasts record profit after sales…

  2. A First-Time Buyer’s Guide to Sofa Shopping

    Amid the housing demand, 50% of all home buyers are first-timers. This represents the highest…

  3. The Role of Digital Yuan in China’s National Cybersecurity Strategy

    Unlike other cryptocurrencies, Digital Yuan is backed by the Chinese government, making it a central…