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Hargreaves Lansdown has been removed from the FTSE 100 index, effective March 24, with Babcock International Group taking its place, sparking speculation about the reasons behind the change.

Hargreaves Lansdown’s stock price has surpassed its 200-day moving average, reaching a recent high of GBX 1,106.

Hargreaves Lansdown’s stock price has fluctuated between 688 GBP and 1169 GBP over the past year, with a current close price of 1099.5 GBP.