Company
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.
230 stories · page 8 of 12
Investments and investor services
At the close, the UK blue chip index was 4.68 points higher at 7,663.78, just below the session peak of 7,681.86, having recovered from a low of 7,636.60
Archive
Aside from HSBC's numbers, Prudential, L&G, Standard Life Aberdeen, and Hargreaves Lansdown are all on the results docket in the coming week
The Legal & General Investment Management business is expected to achieve operating profit growth of between 8% to 10% per year over the medium term
Investments and investor services
Imports in the period fell 2.1%, while exports increased 2.4%
Takeda on Wednesday increased its offer for Shire up to £46bn or £49 per share.
Archive
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
"I am really looking forward to working closely with Ben to deliver our strategic objectives for the next five years and beyond,” said chief executive Peter Brodnicki.
Investments and investor services
A look at some of the biggest risers and fallers in London on Wednesday
L&G's investment arm has agreed to pay £315mln to buy the 52.1% stake in Cala Homes that it did not previously own
The FTSE 100-listed firm reported full-year operating profit of £2.1bn, above the consensus forecast of £1.9bn, boosted by a mortality release of £332mln
Investments and investor services
Around 3.50pm, the FTSE 100 index was up 13 points at 7,160
Archive
Whenever a CFO serves notice to quit, as Paddy Power's Alex Gersh did this week, shareholders tend to get a bit nervous
Archive
The week ahead sees earnings from Domino's Pizza, Just Eat, Restaurant Group, Legal & General, G4S, Rolls-Royce, Ashtead and Immarsat
The bank's analysts said insurers "look reasonably positioned – cushioned against market weakness by strong balance sheets and on PEs that are well within the long-term trading range”
“Our core business divisions are generating formidable momentum,” said chief executive Nigel Wilson
The group’s portfolio of £33bn mature saving policies has been sold to Swiss Re for £650m
Insurers have been affected by inflation for so-called ‘escape of water’ claims for water damage in homes, while the market remains competitive
L&G was upgraded to 'buy'; the Pru was already rated a 'buy' and has had its target price lifted
Jefferies analysts said: “The outlook for L&G's core business appears strong, with management expressing confidence on 10% earnings growth and 7% dividend trajectory”
The B&Q owner's French business has overshadowed recent decent performances, will it blight the next figures?
