Wednesday newspaper share tips: Legal&General, Inchcape
16th Mar 2016 15:16
(ShareCast News) - Worries surrounding Legal&General's capital position and future dividends appeared to be unjustified, The Times's Tempus said. The insurer's full-year capital surplus, on the basis of the European Solvency II requirements, printed at £5.5bn or about 169% of what it required to sup
Read moreLegal & General lifts dividend by a fifth
15th Mar 2016 07:18
(ShareCast News) - Legal & General boosted its full year dividend by a fifth to 13.4p per share in its annual results on Tuesday - and committed to more progressive increases - against market expectations. The dividend had already doubled in size since 2010, with UBS earlier forecasting that growth
Read moreLondon pre-open: Stocks seen lower after BoJ stands pat
15th Mar 2016 07:12
(ShareCast News) - London stocks are set to open lower on Tuesday following a mostly weaker session in Asia, after the Bank of Japan decided to keep interest rates unchanged in negative territory. The FTSE 100 is seen starting 29 points lower than Monday's close at 6,145. Central bank meetings will
Read moreLondon close: Losses in commodity space weigh on Footsie
9th Feb 2016 17:30
(ShareCast News) - The UK's top-flight index finished in the red as losses overnight in Japanese equities filtered through into the European session, with weakness in the market for US energy companies' high-yield debt seen as the epicentre of current worries. That came amid a second-day of sharp fa
Read moreLegal & General updates market on bond portfolio
9th Feb 2016 08:30
(ShareCast News) - As it looked to assuage investors' fears over its bond portfolio, insurer and investment manager Legal & General updated the market with details of its annuity bond portfolio on Tuesday. L&G said that as at the end of December, the bond portfolio backing its annuity business amoun
Read moreLegal & General CFO Mark Gregory to step down
4th Feb 2016 07:56
(ShareCast News) - Legal & General's board was looking at losing a long serving member on Thursday, as Group Chief Financial Officer Mark Gregory announced his intention to retire on 31 January 2017. Gregory had been with the FTSE 100 firm for 17 years, and for the last seven had served as an execut
Read moreFive City traders accused of insider dealing Sky, L&G and Paragon shares
18th Jan 2016 15:46
(ShareCast News) - Five day traders, including brokers at Deutsche Bank and Panmure Gordon, have been accused of making more than £7m from the biggest ever insider trading case in the City of London. Prosecutors representing the Financial Conduct Authority at Southwark Crown Court since last Monday
Read moreLegal & General sells Suffolk Life for £45m
15th Jan 2016 07:22
(ShareCast News) - Legal & General has sold self-invested personal pension provider and administrator Suffolk Like to Curtis Bank for £45m. The deal is subject to an underwritten placing by Curtis Banks and regulatory approval, both of which are expected in the first half of the year. Suffolk Life
Read moreDeutsche Bank reviews UK life assurers; notes uncertain outlook
11th Jan 2016 12:07
(ShareCast News) - Deutsche Bank adjusted its ratings on London-listed life assurers as it took a look at the UK sector, saying the outlook was uncertain on a number of fronts. The bank said most UK life assurers continue to offer the potential for structural long-term growth with attractive dividen
Read moreLegal & General completes £230m bulk annuity deal
23rd Dec 2015 09:14
(ShareCast News) - Legal & General said it has completed the UK's largest medically-underwritten bulk annuity deal with an unnamed UK defined benefit pension scheme. The insurer and investment manager said the deal is a buy-in, for around £230m in pension liabilities, covering specific scheme member
Read moreLegal & General to cease quarterly reporting
11th Dec 2015 08:13
(ShareCast News) - Legal & General has announced it will cease quarterly reporting in 2016. It follows regulatory changes that removed requirements for Interim Management Statements, a position it advocated for earlier this year. In a letter to all the FTSE 350 boards in June, the company said it b
Read moreBroker tips: UK life insurers, Entertainment One, Micro Focus International
10th Dec 2015 15:38
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreUK life insurers set to catch up next year, Nomura says
10th Dec 2015 15:06
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreRSA, Prudential, Legal & General get green light on Solvency II rules
7th Dec 2015 07:12
(ShareCast News) - Three major UK insurers said they had received approval to use their internal models to comply with the new European-wide Solvency II requirements to protect against financial shocks. RSA, Prudential and Legal & General are among 19 companies to get full or partial approval for th
Read moreBank of England gives insurance firms go-ahead on Solvency II plans
6th Dec 2015 09:13
(ShareCast News) - The Bank of England has approved the internal capital calculation models of 19 insurance firms, including Lloyd's of London, Aviva, RSA and Prudential. The endorsement means that the firms can use an internal model to determine the amount of capital they need to set aside to prote
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