IN THE MONEY

THE cofounder of Hargreaves Lansdown has sold nearly £130m of his stock.

Stephen Lansdown, 65, offloaded 6.6m shares, leaving him with a 10.9pc stake.

The billionaire set up the firm with Peter Hargreaves in a bedroom in 1981 and has seen it grow into a £9.3bn behemoth.

Lansdown, a married father of two who lives in Guernsey, has railed against red tape, saying if today’s restrictive rules were in place in the 1980s he would not have launched his firm.