L&G sells general insurance business to Allianz for £242mln
L&G said it expects the deal will strengthen its balance sheet, adding 2% to its Solvency II capital ratio.
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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FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
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Barclays set to kick off Q1 reporting season for UK banks
Aside from Barclays numbers, the Day Ahead will also bring updates from the likes of Taylor Wimpey and RELX, plus the final CMA decision on the planned Sainsbury's/Asda merger
Legal & General agrees first pension risk transfer in Canada for more than C$200mln
"I am delighted to announce our first PRT transaction in Canada, where the market is growing strongly,” said chief executive Nigel Wilson
Legal & General higher as JPMorgan ups stance to ‘neutral’ from ‘underweight’ following de-rating
The US bank's analysts noted that L&G’s management has continued to deliver on growth plans, supported by a growing annuities business and consistent positive net inflows in asset management
Legal & General sees AuM top £1trn and profits rise in 2018 despite market declines
“A lower than hoped for Solvency ratio, and a miss on cash generation, hit Legal & General’s share price immediately after results were announced, but we think the underlying trends remain supportive of the long term investment case,” said
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FTSE 100 closes up while European indices fall despite talk of new ECB lending
Footsie closed at 7,196 - up 12.57 points, while FTSE 250 finished in the red - down around 83 at 198,359
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Legal & General to see new chief exec hog spotlight on Wednesday
While the insurer is scheduled to report its finals, the figures may be overshadowed by the new head of its investment management arm Michelle Scrimgeor
Legal & General appoints European chief of Columbia Threadneedle Investments to lead investment arm
Michelle Scrimgeour will succeed Mark Zinkula, who will step down as head of the £1tn investment management division in August after eight years in the role
Legal & General upgraded to ‘Buy’ but does not escape unscathed as Deutsche Bank takes scythe to insurance sector
The bank said L&G offered “the best combination of quality, risk and reward” among UK life assurers, which it said had become “investment pariahs” in recent months
Legal & General swoops for £2.4bn Nortel pension plan
Nortel'ss spectacular bankruptcy left pensioners, shareholders and employees in the lurch, though apparently not the directors, who collected almost US$200mln in retention bonuses following the collapse
Unilever withdraws plans to scrap dual listing and relocate out of UK
The FTSE 100-consumer goods giant said the proposal had “not received support from a significant group of shareholders” after it outlined the plans in September
FTSE 100 closes sharply lower as sterling gains and miners weigh
The UK blue - chip index finished down 99.8 points at 7,318, while FTSE 250 was also lower
Legal & General completes £4.4bn pension deal with British Airways
L&G chief executive Nigel Wilson said further transactions are planned in the next few months to remove legacy liabilities
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FTSE 100 closes firmly higher as investors fret less on China/US relations
The UK blue-chip benchmark closed up over 58 points at 7,556, while its mid-cap cousin FTSE 250 added almost 142 points
Investments and investor services
Lloyds and HSBC go ex-div, but has the BBQ summer saved Kingfisher’s first half?
Investors in the B&Q owner will be hoping for a BBQ boost sufficient to offset the springtime freeze.
Brewin Dolphin names finance boss of Legal & General Investment Management as its finance director
Back at the end of April, the FTSE 250-listed firm announced the surprise departure of its finance director Andrew Westenberger, who left by mutual agreement on May 16
Legal & General first-half profits fall as volatility weighs on investment portfolio
L&G said it was on track to deliver 10% increase in earnings per share each year until 2020
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Cineworld investors hope World Cup and hot weather failed to keep customers away in first-half
The day ahead sees Cineworld and Legal & General report their first-half results
Legal & General inks lifetime mortgages deal with Virgin Money – media reports
Legal & General, one of the biggest players in the market, already has lifetime mortgage partnerships with Santander and The Co-operative Bank, Reuters said