Standard Life tops the FTSE 100 fallers as Deutsche Bank cuts rating to 'hold'
In a review of the European Insurers, the broker cut its stance on Standard Life to ‘hold’ from ‘buy’ and reduced its target price on the stock to 370p from 390p.
Company
Legal & General Group PLC
LON:LGEN
Legal & General Group PLC is a holding company for a group of risk, savings and investment management businesses. Its risk business is engaged in the provision of financial security for customers and their families, including life assurance, critical illness cover, retirement income, and buildings and contents insurance.
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Chesnara shares in high demand
Current shareholders purchased almost three times more shares than were originally up for grabs in the open offer
FTSE 100 stocks end firm thanks to a claim from Direct Line
FTSE 100 shares ended firmer on Thursday after a late recovery accompanied news from insurer Direct Line
FCA asset manager report does not bode well for industry, reckons Liberum
The report covered many points, including that there was a lack of competition and transparency on charges.
Proactive news highlights: Mosman stars as it acquires producing oil field
Also in the news, Hurricane Energy has started drilling on its latest well in the North Sea, while Premier African hits ‘significant’ lithium grades in Zimbabwe
Investments and investor services
FTSE100 ends unchanged in Fed vigil
UK stocks ended flat on Wednesday as jitters ahead of the Federal reserve’s rate decision set in
London stocks mark 5th successive session of gains as financials rise
London’s blue-chip ticker ended Wednesday higher for a fifth successive session after financial stocks put weaker energy stocks in their place
FTSE 100 weighed down by weak oilers
With the oil price continuing to slide, heavily-weighted oil giants Shell and BP were dragging the top-share index lower
London shares firm after BoE gilt buy wobbles
London shares ended higher on Tuesday after an unexpected helping hand from the government bond market
Investments and investor services
Risers & Fallers: boohoo.com, Alba Mineral Resources, Galantas, SIG, IP Group, Tex Holdings
No tears at boohoo.com as it issued an upbeat trading update
Investments and investor services
UK shares still on front foot at lunch
The US benchmark, the S&P 500, briefly hit a new all-time high yesterday before turning lower; nonetheless, the FTSE 100 is set to continue its journey to its own new high.
PREVIEW - GW Pharmaceuticals keeps on surprising
Purified cannabinoids biotech company GW Pharmaceuticals reports quarterly numbers.
Stocks down as enthusiasm flattens
Investors calm down and leave trading flat at the start of the week, despite an early high
Healthy oil rise keeps markets afloat, helps energy stocks
Investors cautious on Monday following a burst of optimism
Week Ahead: Telit expected to reveal benefit from sterling's slide
Among the big names reporting this week include insurance giants Legal & General, Old Mutual, Standard Life and Prudential
Archive
Brokers: Direct Line, Legal & General under scrutiny
Insurers were in the firing line on Thursday after Barclays released a report giving its assessment of the UK and European insurance market post-Brexit
Redx Pharma chief says business fundamentals are "incredibly strong"
The business is making solid progress and has strong support from its institutional investors, reveals chief executive Neil Murray.
London stocks end firm but smaller stocks hurt by Brexit as BoE starts a liquidity blitz
London’s FTSE100 index closed firmer after a see-saw session on Tuesday but smaller stocks were hurt as post-Brexit sterling fell 2% and hit a new 1985 low, a gilt auction marked a record-low yield, and the Bank of England pumped emergency