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By Chris Vellacott LONDON, May 2 (Reuters) - British life insurer Legal & General outpaced expectations on sales and cash generation in the first quarter of 2012 as its products were snapped up investors and ageing savers putting more aside for retirement. The firm said in a trading s
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The FTSE 100 was in the red in early trading on Thursday as nerves set in ahead of the all-important European Central Bank (ECB) policy decision later on. "The day of reckoning has arrived, with the market largely priced for a 25 basis-point (bp) cut in the ECB's main refinancing rate to 0.50%. The
Read moreFinancial services group Legal & General (L&G) hailed record assets, sales and cash generation in the first quarter of 2013 as its UK and US businesses exceeded management's expectations. Strong flows and "positive" equity markets drove L&G Investment Management's (LGIM) assets under management up
Read moreThe FTSE 100 had pared gains by Monday lunchtime, pausing for breath after a strong surge last week on anticipation of a potential rate cut from the European Central Bank (ECB) in a few days' time. Recent disappointing economic figures from the Eurozone have sparked hopes that the ECB will move to
Read moreUK stock markets opened with decent gains on Monday morning after the weekend saw Italy form a new government, removing some of the political uncertainty that has dampened sentiment over the last few months. The formation brings together Prime Minister-designate Enrico Letta's Democratic Party and
Read moreAfren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
Read moreLegal & General has signed a deal to reinsure 136m euros of New Ireland Assurance's existing and future annuity business. The insurance and investment company said the agreement with New Ireland was its first annuity transaction outside the UK, allowing it to expand its reach to new markets. The r
Read moreInsurance giant Standard Life was a strong riser after beating analysts' predictions in the first quarter after delivering strong sales and group assets under administration. The group recorded a 24% increase in long-term savings sales to £6.3bn and a 26% increase in long-term savings net flows to
Read moreStocks had trimmed gains and were trading broadly flat by Wednesday lunchtime as markets gave a mixed reaction to weak economic data from Germany with traders guessing at whether the figures will prompt the European Central Bank (ECB) to cut interest rates. However, the cautious mood on market this
Read moreStandard Life surges to the top of the FTSE 100 leaderboard after announcing that its net flow of new money more than doubled year on year in the first three months of 2013. The British insurance firm rises 6.3 percent after announcing that it's assets under management rose to 7 percent in
Read moreAdmiral Group: Deutsche Bank takes target price from 1140p to 1300p retaining a hold recommendation. African Barrick Gold: Deutsche Bank ups target price from 173p to 180p staying with its hold recommendation. Albemarle & Bond: Canaccord Genuity reduces target price from 280p to 146p and downgrade
Read more"One of the biggest corporate deals in history edged closer yesterday after Verizon said that it was 'extremely confident' it could buy Vodafone's stake in North America's largest mobile network without triggering a huge tax bill," The Times says. Vodafone owns a 45 per cent stake in Verizon Wireles
Read moreAfrican Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit
Read moreAfrican Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
Read more* FTSE 100 down 0.5 percent on day * Technical charts show room for more gains * HSBC upgrades British equities to 'overweight' By Toni Vorobyova LONDON, April 12 (Reuters) - Britain's FTSE 100 edged lower on Friday, with concerns about a fresh flare up of the euro zone cr
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