Legal & General sells Cala Group for £1.35bn
18th Sep 2024 07:02
(Sharecast News) - Legal & General said it had sold UK house builder Cala for £1.35bn to its former joint venture partner Patron Capital and investment group Sixth Street Partners as it looks to focus on its main businesses.
Read moreSixth Street, Patron reportedly considering bid for L&G-owned housebuilder Cala
4th Sep 2024 17:21
(Sharecast News) - US investment firm Sixth Street has partnered with Patron Capital Partners to compete against FTSE 100 housebuilder Persimmon in the bid to acquire privately-held UK housebuilder Cala Group, it emerged on Wednesday afternoon.
Read moreLondon close: Stocks mixed as investors look to Jackson Hole
22nd Aug 2024 15:31
(Sharecast News) - London's stock markets closed on a mixed note Thursday, as traders remained cautious ahead of a speech from Federal Reserve chair Jerome Powell.
Read moreLondon close: Stocks finish higher amid global recovery
7th Aug 2024 16:34
(Sharecast News) - London's stock markets closed higher on Wednesday, buoyed by positive global sentiment following remarks from the Bank of Japan.
Read moreLegal & General posts flat interim profit, lifts divi 5%
7th Aug 2024 07:05
(Sharecast News) - Financial services and asset management group Legal and General on Wednesday posted interim operating profit that beat analyst forecasts, driven by higher annuity sales.
Read moreWednesday preview: Chinese foreign trade, Legal & General in focus
6th Aug 2024 10:09
(Sharecast News) - Financial markets' attention will shift to outside the US on Wednesday, barring surprises.
Read moreLondon close: Stocks mixed as UK inflation holds steady
17th Jul 2024 12:28
(Sharecast News) - London stocks ended mixed on Wednesday as the latest inflation data came in slightly higher than anticipated, casting doubt on a potential interest rate cut in August.
Read moreRBC cuts Legal & General to 'sector perform'
17th Jul 2024 09:09
(Sharecast News) - RBC Capital Markets has downgraded Legal & General from 'outperform' to 'sector perform', saying that the pension risk transfer (PRT) market has "los[t] some of its lustre".
Read moreCineworld in talks with landlords on UK closures - report
16th Jul 2024 13:59
(Sharecast News) - Cineworld has reportedly started talks with UK commercial landlords about plans to shutter up to 25% of its British cinema estate.
Read moreL&G's Salary Finance reportedly in merger talks with Oakbrook
11th Jul 2024 13:07
(Sharecast News) - A major merger is on the horizon for Salary Finance, a fintech firm partly owned by Legal & General (L&G), and Oakbrook, a tech-enabled lending platform, according to fresh reports on Thursday.
Read moreLondon close: Stocks finish choppy day in the red
26th Jun 2024 15:32
(Sharecast News) - London stocks ended in negative territory on Wednesday, influenced by a downturn in retail sales data for June.
Read moreL&G to sell Glencore, TJX stakes over environmental concerns
26th Jun 2024 11:07
(Sharecast News) - Legal & General Investment Management (LGIM) said that its environmental, social and governance and some pension funds would divest their stake in commodities miner and trader Glencore due to its thermal coal operations.
Read moreJPMorgan cuts L&G price target but maintains 'overweight'
24th Jun 2024 15:18
(Sharecast News) - JPMorgan Cazenove slashed its price target on Legal & General on Monday to 285p from 330p as it cut its estimates significantly after the company's June capital markets day.
Read moreLondon close: Stocks rise as US inflation undershoots forecasts
12th Jun 2024 15:00
(Sharecast News) - London stocks closed higher on Wednesday as investors reacted to economic data from the US and the UK, with lower-than-expected inflation figures from the United States and uninspiring GDP data from the UK.
Read moreLegal & General unveils £200m buyback and restructuring plan
12th Jun 2024 07:13
(Sharecast News) - Insurance, retirement and investment services group Legal & General has announced a £200m share buyback as it set out plans to restructure the business into three core units and promised to increase shareholder returns.
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