Legal & General clinches National Pension Scheme mandate
11th Sep 2015 14:01
(ShareCast News) - Insurance group Legal & General has agreed a mandate to manage £13bn of assets for the National Grid UK Pension Scheme. The FTSE 100 group said the scheme will create a small executive office of pension and investment specialists to support the trustees in the management of the £1
Read moreFTSE 100 movers: Old Mutual, housebuilders rally, but miners under the cosh
6th Aug 2015 14:47
(ShareCast News) - London's FTSE 100 index was down 0.2% at 6,740 at 15:00 BST as investors took in 'Super Thursday', which saw the Bank of England deliver its interest-rate decision, minutes and Inflation Report all on the same day. Diversified South African financial group Old Mutual was the stand
Read moreSector movers: Financials, miners and airlines lead London market higher
5th Aug 2015 16:03
(ShareCast News) - Financial stocks and miners led the London market higher on Wednesday, as improved economic data from China buoyed the market. The FTSE 100 closed up 0.98% or 65.84 points at 6752.41, while the FTSE 250 ended up 0.23% or 40.65 points at 17775.08 on a bounceback from miners as shor
Read moreFTSE 100 movers: StanChart, miners and Tesco lift index
5th Aug 2015 15:58
(ShareCast News) - The FTSE 100 was generally on the up through most of Wednesday's session, with some well-received financial results accompanied by a mining sector bounce. London's blue chip index was ahead by 0.78% at 6,738.50 points at 1616 BST, with BHP Billiton and Rio Tinto leading the pack t
Read moreLondon midday: UK stocks higher as financials lift sentiment
5th Aug 2015 11:08
(ShareCast News) - UK shares advanced as investors shrugged off worse-than-expected data and financials stocks Standard Chartered and London Stock Exchange lifted the FTSE. After first-half pre-tax profits fell 44% and new chief executive Bill Winters increased the focused on its capital ratio and r
Read moreLondon open: Stocks open on the front foot as investors wade through earnings
5th Aug 2015 09:40
(ShareCast News) - The FTSE 100 opened in positive territory following the release of upbeat earnings and a report that showed growth in Chinese service activity. Legal & General's shares gained after the insurance company reported an 18% rise in first-half operating profit and a 6% increase in pre-
Read moreLondon pre-open: equities likely to edge higher
5th Aug 2015 08:26
(ShareCast News) - City sources predict the FTSE 100 will open six points higher than Tuesday's close of 6,686.57. London Capital Group night dealer Jonathan Sudaria said European equities are set to edge a fraction higher on the open as the current environment isn't going swaying traders in any cle
Read moreLegal and General posts 18% rise in first-half operating profit, lifts dividend
5th Aug 2015 08:11
(ShareCast News) - Insurer Legal & General posted a 6% rise in first-half pre-tax profit and an 18% increase in operating profit on the back of strong organic growth in the UK and US, as it raised its interim dividend despite a fall in annuities. Pre-tax profit for the six months ended 30 June came
Read moreLegal & General in talks to sell French insurance unit to APICIL
31st Jul 2015 09:47
(ShareCast News) - Legal & General has entered into exclusive talks to sell its French insurance unit to APICIL for an undisclosed sum. L&G's chief financial officer, Mark Gregory, said: "We have an increasingly focused strategy and our French business is no longer a core operation for us. Legal & G
Read moreLegal & General sells Egyptian joint venture to AXA
13th Jul 2015 10:15
(ShareCast News) - Legal & General and Commercial International Bank ASE (CIB) jointly announced the sale of Commercial Life Insurance Company (CIL) to AXA for $97.5m. Legal & General owns 55% of CIL, while owns 45%. Egypt-based CIL has 90,000 individual insurance policies and provides retirement b
Read moreGoldman Sachs expects rethink on bank levy in UK Budget
7th Jul 2015 12:43
Ahead of Chancellor George Osborne's Budget on Wednesday, here's a round-up of what Goldman Sachs expects. For UK banks, attention will be focused on any potential reform of the bank levy, as Osborne did not discuss it in his Mansion House speech in June, despite prior speculation. Goldman does not
Read moreLondon close: Stocks creep higher but risk appetite limited ahead of elections
6th May 2015 16:32
UK stocks finished a choppy session marginally in positive territory on Wednesday as investor risk appetite was curbed by pre-election uncertainty and cautious comments from Federal Reserve chair Janet Yellen. The FTSE 100 closed up 6.16 points (+0.09%) at 6,933.74, rebounding slightly after settlin
Read moreLondon midday: Stocks pare gains as election uncertainty kicks in
6th May 2015 11:30
UK stocks bounced off a one-month low on Wednesday though gains were quickly trimmed as mining stocks dropped into the red and Sainsbury's extended losses after an underwhelming annual report. The FTSE 100 was up just 0.11% at 6,935.50 by midday, having pulled back after reaching a high of 6,974.82
Read moreLondon open: FTSE bounces as corporate earnings impress
6th May 2015 08:27
UK stocks bounced on Wednesday morning as investors picked up bargains after the FTSE 100 dropped to a one-month low the previous session. Blue chips Imperial Tobacco, Legal & General and GKN were leading the rise after impressing investors with results, while Vodafone was boosted by a broker upgrad
Read moreLegal & General first quarter net cash generation rises 8%
6th May 2015 07:46
Legal & General reported an 8% increase in first-quarter net cash generation to £326m, with operational cash generation up 11% at £330m. The company posted a 19% rise in annuity sales for the quarter and said it was on track to deliver £80m of operating cost savings across the group in 2015. The va
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