Growth of 20% in the stock of annuity assets to £38.5bn in the first six months of the year drove a 9% rise in profits after tax at insurance group Legal&General, to reach £507m. Operating profits improved by 11% to hit £636m. That was slightly better than the £631m which the analyst consensus had
Read more* H1 pretax profit up 7 pct to 636 mln pounds * Cash generation up 13 pct to 567 mln pounds * Interim dividend up 21 pct to 2.9 pence a share * Assets under management up 7 pct to 465.1 bln pounds (Adds quotes, detail from statement, share reaction) By Richa Naidu
Read moreHeightened tensions between Russia and Ukraine, a late sell-off on Wall Street and a surprise drop in German factory orders are expected to feed into a lower open for UK markets on Wednesday. City sources predict the FTSE 100 will open around 40 points lower than Tuesday's close of 6,682.48. After
Read more(Repeats with no changes to text) LONDON, Aug 6 (Reuters) - British life insurance and pensions provider Legal & General reported a 13 percent increase in first-half net cash generation on Wednesday, boosted by demand for retirement products. L&G said the reforms introduced to Britain
Read moreLONDON, Aug 6 (Reuters) - British life insurance and pensions provider Legal & General reported a 13 percent increase in first-half net cash generation on Wednesday, boosted by demand for retirement products. L&G said the reforms introduced to Britain's annuities market by Finance Minister
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