London open: Housing stocks pull FTSE lower on rate-hike fears
15th Aug 2023 08:07
(Sharecast News) - The FTSE 100 dropped in early trade on Tuesday as investors reacted to an unexpected acceleration in UK wage growth and a surprise interest rate cut in China.
Read moreLegal & General hikes dividend after solid first half
15th Aug 2023 07:37
(Sharecast News) - Financial service company Legal & General reported a robust first-half performance on Tuesday, as it made progress toward its five-year ambitions set for 2020-2024.
Read moreLegal & General confirms five-year targets
5th Jul 2023 10:22
(Sharecast News) - Legal & General Group reiterated its five-year growth targets on Wednesday, as it confirmed that recently introduced accountancy changes would not have any impact.
Read moreUK life insurers' exposure to Thames Water is 'minimal', Citi says
30th Jun 2023 10:59
(Sharecast News) - Analysts at Citi pointed out on Thursday that the UK life insurance sector's direct exposure to Thames Water was "minimal".
Read moreLegal & General appoints António Simões as CEO
15th Jun 2023 07:40
(Sharecast News) - Legal & General said on Thursday that it has appointed António Simões as chief executive officer.
Read moreSunday newspaper round-up: The Restaurant Group, Severn Trent, Facebook
21st May 2023 14:45
(Sharecast News) - The Restaurant Group, owner of the Wagamama chain, is under increasing pressure to break up after TMR Capital proposed last week to management that it sell all its brands save that one. TMR was the fourth activist shareholder to make the case for change. Under the plans presented by TMR, Restaurant group should then focus on expanding the chain before going private via a sale. The clash on strategy comes amid a surge in the cost of ingredients, energy and salaries. - The Sunday Telegraph
Read moreMajor investors back Hammerson in row with Lighthouse
14th Apr 2023 13:43
(Sharecast News) - Two major investors have come out in support of shopping centre owner Hammerson amid demands from its biggest shareholder to speed up asset sales and resume dividend payments.
Read moreLegal & General FY operating profit beats expectations
8th Mar 2023 08:04
(Sharecast News) - Legal & General lifted its dividend on Wednesday as it posted a jump in full-year operating profit.
Read moreBerenberg downgrades L&G and M&G to 'hold'
31st Jan 2023 08:05
(Sharecast News) - Analysts at Berenberg downgraded insurers Legal & General and M&G from 'buy' to 'hold' on Tuesday, citing high correlation to credit and the UK economy, as well as a lack of organic growth in the latter's asset-management business.
Read moreL&G chief executive Nigel Wilson to retire
30th Jan 2023 08:06
(Sharecast News) - Legal & General said on Monday that Sir Nigel Wilson is planning to retire after more than a decade as chief executive.
Read moreLegal & General reiterates guidance amid defined-benefit struggles
18th Nov 2022 07:17
(Sharecast News) - Legal & General reiterated its full-year guidance in a trading update on Friday, for operating profit growth in line with the 8% it delivered in the first half, and capital generation of £1.8bn.
Read moreBank signals readiness to extend bond buying if needed - FT
12th Oct 2022 05:53
(Sharecast News) - The Bank of England may extend its backstop programme for the UK government bond market past its 15 October deadline, the Financial Times reported, citing people briefed on the discussions.
Read moreSector movers: Life insurers pace losses, BoE says 'you've got three days'
12th Oct 2022 05:01
(Sharecast News) - Life insurers were at the bottom of the pile on Tuesday amid continued selling pressure in longer-term Gilts that forced the Bank of England to intervene for the second time in three days.
Read moreLegal & General says investment arm not exposed to LDI turmoil
4th Oct 2022 07:05
(Sharecast News) - UK insurer Legal & General on Tuesday moved to reassure investors that its investment arm had no exposure to recent turmoil in the liability-driven investment (LDI) market caused by Finance Minister Kwasi Kwarteng's recent mini budget.
Read moreBofA says Legal and General dividend 'should not be in any danger'
10th Aug 2022 14:46
(Sharecast News) - Analysts at Bank of America Securities reiterated their 'buy' recommendation for shares of Legal&General following the financial services outfit's latest half-year update.
Read more