* FY op profit up 10 pct to 1.28 bln stg vs f'cast 1.31 bln * Bulk annuity sales double, individual sales halve * Total dividend up 21 percent to 11.25p/shr * Considers raising stake in Indian joint venture * Shares down 3.5 pct, retreat from record high (Releads, adds U
Read more(Adds detail on both appointments, links to earnings) LONDON, March 4 (Reuters) - British insurer Legal & General said on Wednesday it had appointed a new interim chief executive to run its U.S. business, on the day the group announced a sharp drop in 2014 profits there. Gene Gilbert
Read moreLONDON, March 4 (Reuters) - Legal & General said on Wednesday it had appointed Gene Gilbertson as interim president and chief executive of Legal & General America. He will replace Jimmy Atkins, who is leaving to pursue other interests, L&G said in a statement. In a separate statement,
Read moreUK stocks edged lower on Wednesday morning as gains from Standard Chartered and ITV were offset by declines by Fresnillo, Glencore and Legal & General, as investors awaited a barrage of economic data. Following a brief spell in positive territory, the FTSE 100 had fallen 0.2% to 6,875.90 after the f
Read moreLegal & General reported an 8% increase in annual pre-tax profit to £1.2bn as pension deals lifted annuity sales. The insurer said operating profit increased 10% to £1.28bn but missed the £1.31bn forecast in a poll of analysts supplied by the company. Earnings per share climbed 10% to 16.7p. Annuit
Read moreLONDON, March 4 (Reuters) - Insurer Legal & General said on Wednesday its operating profit rose 10 percent in 2014 to 1.28 billion pounds ($1.96 billion), with company pension deals boosting sales of annuities. Annuity assets rose 28 percent to 44 billion pounds, lifted by a doubling in sal
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