Bank 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 moreLegal & General operating profit rises 8%
9th Aug 2022 07:54
(Sharecast News) - UK insurer Legal & General lifted interim operating profits on Tuesday, driven by higher interest rates and a strong annuity portfolio performance.
Read moreJPMorgan upgrades L&G, downgrades Phoenix
8th Aug 2022 08:03
(Sharecast News) - In a note on the UK life insurance sector on Monday, JPMorgan Cazenove upped its stance on Legal & General but downgraded M&G and Phoenix Group.
Read moreLegal & General sees double-digit growth in cash, capital generation in H1
7th Jul 2022 08:04
(Sharecast News) - Legal & General said on Thursday that it has had a good start to 2022, that its operating performance has been in line with expectations and that it expects to deliver double-digit growth in cash and capital generation for the first half.
Read moreTreasury launches consultation on insurance rules shake up
28th Apr 2022 10:01
(Sharecast News) - The UK government has launched a consultation on its plans to radically overhaul the rules governing insurance companies.
Read moreLegal & General lifts dividend as FY profits rise
9th Mar 2022 08:14
(Sharecast News) - Legal & General reported a jump in 2021 profit on Wednesday and lifted its dividend as it benefited from a post-pandemic economic recovery and an easing of restrictions.
Read moreDeutsche Bank 'supportive' on Legal and General shares ahead of results
14th Feb 2022 12:24
(Sharecast News) - Analysts at Deutsche Bank said their view on shares of Legal&General ahead of its next set of financial results was "supportive".
Read moreJefferies upgrades Legal & General to buy, says consensus overestimates risks
21st Oct 2021 10:32
(Sharecast News) - Analysts at Jefferies upgraded their recommendation for shares of Legal&General from ´hold´to ´buy, telling clients that it was the European insurer offering the most synergies thanks to its competitive advantage in annuities and asset management.
Read moreSunday newspaper round-up: Sainsbury's, Legal and General, Asos
22nd Aug 2021 15:01
(Sharecast News) - Private equity giants are circling Sainsbury's with a view to possibly launching bids of more than £7 billion, as the bidding war for Morrisons reignites interest in the supermarket industry. American buyout giant Apollo is said to be running the rule over Britain's second-largest supermarket chain. It has been scouring the industry for targets after being outbid for Asda last year, and remains in talks to join the Fortress-led consortium bidding for Morrisons. Any involvement in that deal may preclude a move for Sainsbury's. - Sunday Times
Read moreThursday broker round-up
5th Aug 2021 13:02
(Sharecast News) - NatWest Group: Goldman takes off Conviction list but keeps at 'buy'.
Read moreThursday broker round-up
5th Aug 2021 13:02
(Sharecast News) - NatWest Group: Goldman takes off Conviction list but keeps at 'buy'.
Read moreLegal & General H1 profit rises, performance 'well above' pre-Covid levels
4th Aug 2021 07:54
(Sharecast News) - Legal & General lifted its interim dividend on Wednesday as it posted a rise in first-half profit and said its performance was now "well above" pre-Covid levels, with asset management and insurance performing well.
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