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* Operating profit down 3% at 2.2 bln stg* Assets under management rise 7% to 1.3 trln stg* Shares down 0.3% (Recasts on CEO comments, adds shares and analyst)By Carolyn CohnLONDON, March 10 (Reuters) - The world is likely to emerge from the corona...
Read more(Adds detail, CEO statement)LONDON, March 10 (Reuters) - British insurer Legal & General posted a 3% dip in 2020 operating profit to 2.2 billion pounds ($3.05 billion) on Wednesday, hit by a slowdown in housebuilding and demand for life insurance ...
Read moreLONDON, March 10 (Reuters) - British insurer Legal & General posted a 3% dip in 2020 operating profit to 2.2 billion pounds ($3.05 billion) on Wednesday, hit by a slowdown in demand for life insurance products due to the coronavirus pandemic.But t...
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(Sharecast News) - Legal & General reported flat annual operating profits as it set aside an extra £110m in Covid-19 insurance claims due to the emergence of new virus strains.
Read more(Sharecast News) - Against a backdrop of rising government bond yields, markets' focus in the middle of the week will shift towards the inflation, with readings on consumer prices due out in the US and China.
Read more* European shares rebound, up 0.%* German Q4 GDP growth revised up to 0.3%* Fed's Powell pushes back on inflation worries* Telecom Italia shines on outlook, tax boost* Futures point to muted start on Wall StreetFeb 24 - Welcome to the home for real-t...
Read more(Sharecast News) - Glencore: JP Morgan upgrades to overweight with a target price of 350p.
Read more* Lawmaker: "sky's the limit" ambition needed after Brexit* Industry facing 1.7 billion pound bill for COVID claims* BoE: COVID claims won't mean "tons" more capital needed (Adds more detail)By Huw JonesLONDON, Feb 10 (Reuters) - The Bank of England...
Read more(Adds more detail)LONDON, Feb 10 (Reuters) - The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more capital could be "part of the answer" to meeting a 1.7 billion pound...
Read moreLONDON, Feb 10 (Reuters) - Britain's insurers are broadly holding the right amount of capital to protect policyholders and there is no appetite to tear up the rules after Brexit, the Bank of England said on WednesdayBritain is reviewing the "Solve...
Read more* Targets 30 of the world's biggest carbon emitters* New programme of talks to last 1-3 years* To escalate if no action taken, could divestBy Simon JessopLONDON, Feb 1 (Reuters) - Aviva Investors said on Monday it could ditch its stock and bond hold...
Read more(Corrects number in first paragraph to $833 million not $847 million, and third paragraph to 544 million pounds not 554 million pounds after company corrects UK figure)LONDON, Jan 19 (Reuters) - Legal & General has agreed to insure $833 million of...
Read moreLONDON, Jan 19 (Reuters) - Legal & General has agreed to insure $847 million of German chemicals group Evonik Industries' United Kingdom and U.S. pension schemes in the bulk annuity market, the British insurer said on Tuesday.In a bulk annuity dea...
Read moreLONDON, Dec 10 (Reuters) - The market for insuring British defined benefit, or final salary pension schemes may reach record levels next year, consultants Mercer said on Thursday, as more firms seek to remove this risk from their balance sheets.Ar...
Read more(Adds more detail)By Huw JonesLONDON, Dec 3 (Reuters) - Britain's insurers should maintain "high levels of prudence" when it comes to paying dividends given high uncertainty due to the coronavirus pandemic, a senior Bank of England official said o...
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