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Friday 04 August 2017 11:07 amHargreaves Lansdown cuts dividend expectations as City regulator demands it ups its regulatory capital surplusBy: Lucy WhiteShareFacebookShare on FacebookXShare on TwitterLinkedInShare on Linked stanley quencher InWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleInvestment services group Hargreaves Lansdown HL has dropped its special dividend, as City watchdog the Financial Conduct Authority FCA demands it raises its capital surplus.The FCA reassessed HL s regulatory capital requirements given the group s strong recent growth in scale and complexity . The investment group calculated that it now needs to retain an extra p brumate tumbler ound;50m.If it paid a special dividend in 2017, its capital surplus during 2018 would be insufficient to meet its risk appetite levels.However, HL has pre-released the key figures from its results which were due out on 15 Augus stanley in uk t ndash; perhaps in a bid to stay any drop in its share price, which was down 4.99 per cent at the time of writing. Its assets under administration were up 28 per cent to pound;79.2bn, while net new business rose by 15 per cent to pound;6.6bn.The group had 954,000 active clients, an increase of 118,000 in the year, and generated an increase in unaudited profit before tax of 21 per cent in the range of pound;265m to pound;266m.Read more: Hargreaves Lansdown s share price falls, despite assets under management soaring to record levels as market share growsHargreaves Lansdown s dividend po Kcyp Allied lowers production estimate

Wednesday 23 February 2011 stanley cup 3:14 am|Updated:Thursday 30 May 2019 12:38 pmLehman Brothers pound;6bn case against Barclays failsBy: John DunneShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleLehman Brothers Holdings Incrsquo hurried sale of much of its US operations to Barclays at the height of the financial crisis was fair, and its bankruptcy estate is not entitled to recover an $11bn pound;6.8bn stanley de windfall, a federal judge ruled.The long-awaited ruling by U.S. Bankruptcy Judge James Peck followed a trial in which Lehman argued that Barclays got a sweetheart deal in acquiring its U.S. investment banking and brokerage operations.Leh stanley termosy man agreed to sell that business for about $1.85 billion on September 20, 2008, just five days after the companyrsquo Chapter 11 filing became what many consider the seminal event of the global financial crisis.The court was not deceived in a manner that should now be permitted to upset the integrity of the sale order, Peck wrote in a 103-page opinion issued late Tuesday. The sale process may have been imperfect, but it was still adequate under the exceptional circumstances of Lehman Week.Peck said any disclosure lapses did not affect the fairness or outcome of the sale hearing. He said there was an undeniably correct perception at the time that the sale mitigated syst