Hargreaves Lansdown (LON: HL) shares have sunk 15% as investors ditch trading from home and return to the office.
The FTSE 100 listed retail investment platform reported a 30 per cent decrease in profits during the first half of its 2022 trading year.
Pre-tax profits fell to £151.2m in the six months to 31 December, compared with £188.4m a year earlier.
Revenue slipped by 3 per cent year-on-year to £291.1m, which Hargreaves Lansdown attributed to lower interest on client money.
Total assets under administration increased 17% to £141.2bn.
Hargreaves Lansdown shares were down 15 per cent early and are down a third over the past year.
However, there was some good news for shareholders as the company upped its interim dividend by 3 per cent to 12.26p per share.