first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Wednesday 1 September 2010 8:43 pm Show Comments ▼ whatsapp KCS-content HARGREAVES’ fortunes are inextricably linked to that of the wider share market. The FTSE 100 rose almost 20 per cent from 1 July 2009 to 30 June this year, after being down by more than a third from mid-2007, and it is this buoyancy in equity markets which is the true driver behind its record levels of revenue, profit and earnings per share.Assets under administration surged to £17.5bn from £11.9bn – a 47 per cent rise – as its clients sought out higher returns than the lowly ones available in an interest rate environment of 0.5 per cent. But the business is on a knife edge. If house prices do continue to fall, as Peter Hargreaves predicts, then interest rates will remain low – potentially perpetuating this sales boom. But if the fall pushes the UK into a double-dip recession, confidence will plunge – sending investors scurrying for safe-haven assets and out of equities. The shares trade on a prospective earnings multiple of 25 times, which looks pricey given the risk. Sharecenter_img Hargreaves’ future is out of its control by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Tags: NULL whatsapplast_img