RBC forecasts outperformance for European insurers, wealth managers
11th Dec 2018 12:05
(Sharecast News) - European insurers should outperform the market in 2019, RBC Capital Markets predicted, with strong balance sheets and stronger pricing boosting earnings, though Standard Life Aberdeen was downgraded.
Read moreSector movers: Sinking tide drags down all ships
6th Dec 2018 14:33
(Sharecast News) - Every single sector was in the red on Thursday as the FTSE 100 and 250 indices finished around two-year lows amid a general market sell-off sparked by renewed worries about US-China trade relations.
Read moreLegal & General lifts pensions risk transfers to £8.4bn
8th Oct 2018 08:28
(Sharecast News) - Legal & General has bought out the £2.4bn Nortel Networks UK pension plan, taking its pensions transactions to a record £8.4bn for the year for its pension risk transfer business.
Read moreLegal & General completes biggest ever UK bulk annuity with BA pension scheme
13th Sep 2018 07:19
(Sharecast News) - Legal & General Group has completed a £4.4bn buy-in for the British Airways pension scheme, Airways Pension Scheme (APS), covering nearly 22,000 pensioners, it announced on Thursday.
Read moreL&G delivers solid first half and pledges 'extremely busy' second
9th Aug 2018 07:10
(Sharecast News) - Legal & General grew first-half profits more than expected and, although the life insurer's earnings were down and cash returns lower than might be hoped, an "exceptionally busy" second half is anticipated.
Read moreWhistleblowers report L&G to FCA over compliance failures
31st Jul 2018 11:12
(Sharecast News) - Employees at Legal & General have reported the company to the Financial Conduct Authority over alleged compliance and risk failures at the insurer's £1trn asset management arm, the Financial Times reported.
Read moreLondon close: FTSE falls on dollar dip, ex-divs and tendency to gold safety
16th Feb 2017 17:00
(ShareCast News) - London equities limped to a lower close Thursday, pulled down by a trinity of factors including dollar weakness, a tendency to safe-haven gold and ex-dividend stocks. These combined to see the FTSE 100 down 0.34% to 7,277.92, and the FTSE 250 down -0.65%% to 18,705.72. Both ladder
Read moreLondon close: FTSE gains on financials as US consumer inflation surprises
15th Feb 2017 17:15
(ShareCast News) - London stocks ended Wednesday higher as investors considered news that UK's jobless rate held steady at end-2016, with forecast-busting US inflation numbers helping boost global markets led north by financials. The FTSE 100 ended the session up 0.47% or 33.85 points at 7,302.41, s
Read moreSector movers: Miners boosted by yuan strength
5th Jan 2017 15:35
(ShareCast News) - Miners and oil related companies were leading the pack north after China's currency rose for a second day, boosting prices for most commodities. As of 0720 GMT the onshore yuan was trading at 6.8120 against the US dollar and was up by 0.80% against the greenback, its best level si
Read moreLegal & General appoints EY's Jeff Davies as CFO
22nd Dec 2016 07:05
(ShareCast News) - Legal & General has poached Ernst & Young senior partner Jeff Davies to be its new chief financial officer. He will start in the spring, replacing Mark Gregory, who has agreed to stay on until the end of August to ensure a smooth handover. Currently a senior partner at the 'big f
Read moreLegal & General optimistic about structural growth opportunities
5th Dec 2016 12:53
(ShareCast News) - In a statement ahead of its capital markets event later on Monday, Legal & General said all three of its divisions were well positioned to capitalise on "significant structural growth opportunities" arising from geopolitical, economic and demographic changes. The investment manage
Read moreLegal & General boosted by Barclays upgrade
1st Dec 2016 09:32
(ShareCast News) - Legal & General shares gained on Thursday as Barclays raised its rating on the stock to 'overweight' from 'equal weight' and lifted the target price to 276p from 194p. "We upgrade Legal & General to Overweight as we believe the risk of a UK recession has faded while the Solvency
Read moreFriday broker round-up
25th Nov 2016 17:30
(ShareCast News) - Essentra: Jefferies keeps at buy with a target price of 445p. Rio Tinto: HBSC stays at buy 3300p target. Legal & General: Berenberg reiterates buy with a 301p target. Jardine Lloyd Thomson: HSBC reiterates buy with a 1100p target. Diageo: Credit Suisse keeps at outperform with
Read moreLondon close: UK stocks subdued on US Thanksgiving as resources in focus
24th Nov 2016 16:41
(ShareCast News) - UK stocks were in cautious form all day Thursday, with global markets generally subdued as traders in the US put their feet up for a Thanksgiving break. The FTSE 100 closed up 0.17% to 6,829.20. The FTSE 250 ended the session down 0.18% to 17,590.62. On the blue-chip upside, seve
Read moreL&G sells Dutch arm to Chesnara for €160m
24th Nov 2016 07:31
(ShareCast News) - Legal & General has agreed to sell its Netherlands business to London-listed pensions firm Chesnara for €160m (£135.6m), the latest disposal from the insurer as it looks to consolidate its overseas operations. The sale of the Dutch arm is expected to improve the FTSE 100 company's
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