LONDON, March 15 (Reuters) - British insurer Legal & General posted a 14 percent rise in 2015 operating profit to 1.46 billion pounds ($2.08 billion) on Tuesday, boosted by demand for products such as lifetime mortgages and the use of less capital in its annuity business. The profit was in
Read more(ShareCast News) - Legal & General boosted its full year dividend by a fifth to 13.4p per share in its annual results on Tuesday - and committed to more progressive increases - against market expectations. The dividend had already doubled in size since 2010, with UBS earlier forecasting that growth
Read more(ShareCast News) - London stocks are set to open lower on Tuesday following a mostly weaker session in Asia, after the Bank of Japan decided to keep interest rates unchanged in negative territory. The FTSE 100 is seen starting 29 points lower than Monday's close at 6,145. Central bank meetings will
Read more(Repeats Wednesday report) * Zero rates squeeze insurers, pension funds * Many turn to booming property * Supervisors alert as experts warn of bubbles By John O'Donnell and Carolyn Cohn FRANKFURT/LONDON, March 2 (Reuters) - Traditionally conservative European insurer
Read moreLONDON, March 1 (Reuters) - Insurer Legal & General said on Tuesday that the economic case for a British exit from the European Union was unproven, even though 'Brexit' would have minimal impact on its own operations. "We consider that a vote to leave would have little direct impact on tra
Read moreBy Huw Jones LONDON, Feb 17 (Reuters) - Britain's insurers should not reinsure themselves against people living longer in the belief that it will directly reduce the amount of capital they are required to hold, the Bank of England said on Wednesday. Life insurers often insure themselv
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