Prudential sells US independent broker-dealer for US$325mln to LPL Financial LLC
Prudential has shed assets from its US business to focus on retirement products
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.
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Prudential has shed assets from its US business to focus on retirement products
Legal & General is understood to have put money aside for a bid when Prudential’s annuity business is officially put up for sale
At 3.15pm, the UK benchmark index was down 64 points at 7,325, above the session low of 7,296.49 but still set for its worst week in nine months having dropped nearly 250 points in the last three sessions of the week
Legal & General said it is not complacent on the "structural weaknesses" in the UK economy
The FTSE 100 index finished down around 44 at 7,498, above the session low of 7,475.83, but unable to reach the opening peak of 7.542.73
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Given the recent terror attacks, demand for G4S’s security services is likely to have remained strong in the opening six months
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Week ahead: Results from Standard Life PLC, Prudential PLC, Legal & General Group PLC, Paddy Power Betfair PLC, Intercontinental Hotels PLC , G4S PLC, Glencore PLC ...
The UK blue chip index closed down 18.56 points at 7,503
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At the end of January, John Harrington tweaked the famous investment strategy known as the Dogs of the Dow, and applied it to UK stocks. How are the investments doing?
An otherwise storming quarter that saw the Footsie rise 180 points ended on a dull note
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The second reading for growth in the three months to December 2016, delivered last month, was revised up to 0.7% from an initial 0.6% reported in January, but full year GDP for 2016 was revised down to 1.8% from 2.0% on the back of weaker e
L&G upped its stake in the recent £4.1mln fundraising, and now holds a 3.5% stake in ImmuPharma
Aviva and Standard Life is leading the way with dividend payments in the UK insurance sector
The FTSE 100-listed group reported a jump in pre-tax profits to £1.582bn for the 12 months to December 31 2016, up from £1.355bn in 2015
Investments and investor services
FTSE 100 shares ended down on Wednesday with sterling nursing a seven-week low despite a lift for construction stocks following the UK Finance Minister’s Budget pledge of a mini Trump boost to infrastructure
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US President Donald Trump's plans to increase defence spending may lend support to G4S while The Restaurant Group's new chief executive has plenty of work ahead after its struggles
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The Chancellor of the Exchequer may have a lower debt burden to deal with than he was expecting at the time of the Autumn Statement but he is unlikely to splurge
The normally reliable investment strategy based on the "Dogs of the Dow" system has had a bad couple of years; what if we tweaked it?
FTSE 100 shares closed lower on Tuesday in sympathy with declines of up to 160 points on Wall Street’s DJIA as the fallout of US President Donald Trump’s first week in office continued to take its toll
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The normally reliable investment strategy based on the "Dogs of the Dow" system has had a bad couple of years; what if we tweaked it?