Hargreaves Lansdown co-founder Stephen Lansdown has made over £58m after selling a 2.86 per cent stake in the firm.
Lansdown, who co-founded the firm with Peter Hargreaves in 1981, sold 13,560,843 ordinary shares at 429p. The transaction leaves Lansdown with 95.5m ordinary shares, which represents 20.1 per cent of the shares in issue.
Lansdown stepped down from his role as non executive director earlier this year. Co-founder Peter Hargreaves also passed on his chief executive duties to Ian Gorham last month.