UK asset managers breath sigh of relief after 'benign' FCA probe
18th Nov 2016 07:46
(ShareCast News) - The financial watchdog is planning a tougher clampdown on UK asset management companies as it feels the sector has enjoyed big profits for many year by not competing very hard on prices and fees, though analysts said the industry will breathe a sigh of relief at the lack of bite f
Read moreLegal & General buys out Vickers pension scheme from Rolls-Royce
14th Nov 2016 07:05
(ShareCast News) - Legal & General said its retirement sales had risen by roughly £1.3bn in the last month and a half, boosted by the new £1.1bn buyout of a pension scheme from Rolls-Royce. Total retirement sales in the year to date have risen to £6.7bn, up from £5.4bn towards the end of September,
Read moreL&G appoints Sir John Kingman chairman
18th Oct 2016 07:36
(ShareCast News) - Legal & General has appointed mathematician Sir John Kingman, best known for his queuing theory, as chairman effective from 24 October. Sir John will replace interim chairman Rudy Markham, who remain on the bard as non-executive director until the next shareholder meeting in 2017.
Read moreFTSE 100 movers: ITV, Legal&General lead declines
3rd Oct 2016 17:15
(ShareCast News) - ITV shares were at the bottom of the pile after analysts at Barclays lowered their target price on the stock from 200.0 to 190.0p. Fashion retailers were also weak, tracking the 1.04% drop in the pound against the US dollar after the Prime Minister committed herself at the weekend
Read moreLegal & General bullish on third quarter retirement sales
27th Sep 2016 07:06
(ShareCast News) - After a strong third quarter, Legal & General said its retirement arm was on track to double new business sales in the full year, with customer demand for bulk annuities and lifetime mortgages seemingly unaffected by the introduction of Solvency II regulation, Brexit uncertainty o
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreFriday broker round-up
2nd Sep 2016 19:04
(ShareCast News) - Pearson: JP Morgan reiterates neutral with a target price of 940p. Vodafone: UBS maintains buy with a 310p target. Glaxosmithkline: UBS keeps at neutral with a 1650p target. GKN: Canaccord reiterates buy with a 370p target. Legal & General: Macquarie keeps at neutral with a tar
Read moreLondon close: Stocks taper as sterling, commodity prices lose traction
19th Aug 2016 16:08
(ShareCast News) - UK stocks whimpered to a lower close on Friday as sterling lost traction on renewed Brexit fears and commodity prices headed south. The spectre of the Lisbon Treaty's Article 50 rose once more, following a media report that claimed UK Prime Minister Theresa May was sympathetic to
Read moreFTSE 100 movers: house builders, miners sag as easyJet firms
19th Aug 2016 14:32
(ShareCast News) - London's FTSE 100 tiptoed lower as a string of house builders sagged amid lingering concerns about the UK real estate market, and several miners slumped alongside metals prices. House builders were led lower by Persimmon, Taylor Wimpey and Barratt Developments, investors exiting t
Read moreLegal&General to invest in US infrastructure for the first time
18th Aug 2016 07:02
(ShareCast News) - Legal & General announced its first foray into the US market for infrastructure investments with a deal in California. The insurance and pensions group would invest $100m to expand the University of California´s campus in Merced County, as part of a larger $660m funding deal in
Read moreThursday broker round-up
11th Aug 2016 19:13
(ShareCast News) - Astrazeneca: Berenberg reiterates buy with a target price of 5600p. Legal & General: RBC maintains outperform with a 300p target. Lloyds: JP Morgan reiterates neutral with a 62p target. Centamin: RBC stays at speculative risk with a 190p target. Staffline: Berenberg reiterates
Read moreLegal & General sells Cofunds platform to Aegon
11th Aug 2016 07:09
(ShareCast News) - Legal & General Group has agreed the sale of its Cofunds investment platform to Aegon for £140m. The acquisition, which includes the Investor Portfolio Service (IPS) platform as well as Cofunds' retail and institutional business, will increase the Solvency II surplus by £125m
Read moreDirectors dealings: Legal&General director picks up shares
10th Aug 2016 16:40
(ShareCast News) - Legal & General independent director Julia Wilson picked up 7,320 shares in the life insurer she helps run at a price of 206p each, for a total consideration of £15,084.18. In the previous session, the firm announced that operating profits jumped 10% during the first half of the y
Read moreWednesday newspaper share tips: Regus, Standard Life
10th Aug 2016 12:41
(ShareCast News) - Regus appears to be on to something with its flexible business model and markets have caught on, the Financial Times´s Lex column said. Its stock was trading near its 2016 high on a price-to-earnings multiple of close to 25. The real estate firm not only owns its properties,
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