Legal & General Share News (LGEN)

RPT-UPDATE 2-Asset managers to invest $14 bln in UK firms and projects

(Repeats to fix text formatting) * UK tax move seen as boosting private placements market * Sector could get further boost from EU By Huw Jones LONDON, Dec 4 (Reuters) - Six asset managers will put about 9 billion pounds ($14 billion) over the next five years into high-yie

Asset managers to invest 9 billion pounds in UK private placements

LONDON, Dec 4 (Reuters) - Six asset managers will invest about 9 billion pounds ($14 billion) over the next five years in British firms following tax changes, a funds industry body said on Thursday. Britain's finance minister George Osborne announced on Wednesday a new exemption from withho

Legal & General launches U.S. index fund arm

LONDON, Dec 3 (Reuters) - British insurer Legal & General has launched a U.S. index fund management business, the U.S. unit said, as it looks to capture some of the growing U.S. passive fund market. The firm plans to focus on core fixed income and liability-driven offerings - generally aim

Legal & General restructures Assurance Society ahead of chief's exit

Legal & General (LGR) has unveiled plans to split the savings business of Legal and General Assurance Society in two ahead of the retirement of its chief executive in May next year. The FTSE 100 group said it was not planning to appoint a direct replacement for John Pollock, whose retirement was

UPDATE 2-L&G wins 2.5 bln stg defined benefit pension deal

* L&G wins bulk annuity deal from TRW Automotive * Brings L&G's 2014 bulk deal total to 8.3 bln pounds * UK combined final salary assets more than 1 trln pounds * Insurers eye more deals after recent UK pension reforms (Adds bullet points, detail, background, quotes) By

London pre-open: All eyes on the OPEC meeting, stocks inch higher

US markets might be closed together for Thanksgiving but those hoping for a quiet day could be disappointed with the Organization of Petroleum Exporting Countries (OPEC) set for a pivotal meeting in Vienna. City sources predict the FTSE 100 will open around eight points higher than yesterday's close

Legal & General wins £2.5bn bulk annuity contract with TRW pension scheme

Insurance and investment services group Legal & General has won a £2.5bn bulk annuity contract with the UK pension scheme of US car-parts group TRW Automotive. The deal, with the TRW Pension Scheme, will see L&G remove £2.5bn of liabilities from TRW Automotive's balance sheet and insure over 22,000

RPT-UK insurers and fund firms battle it out for pensioners' cash

(Repeats story published on Tuesday, with no changes) * Budget changes forcing savings industry shake-up * Savers free to shun annuities, spend how they like * New insurance products slow to arrive * Fund managers offering target-return funds By Simon Jessop and Caro

UK insurers and fund firms battle it out for pensioners' cash

* Budget changes forcing savings industry shake-up * Savers free to shun annuities, spend how they like * New insurance products slow to arrive * Fund managers offering target-return funds By Simon Jessop and Carolyn Cohn LONDON, Nov 25 (Reuters) - Billions of pounds

L&G, Patron Capital team up on property, infrastructure

LONDON, Nov 17 (Reuters) - UK insurer Legal & General and investment manager Patron Capital said on Monday they had agreed a strategic partnership to invest in long term property and infrastructure-backed deals with positive social impact. The new partnership, Perpetual Opportunities Partn

Monday broker round-up UPDATE

African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:

REFILE-UPDATE 1-Ex-Moore Capital trader pleads guilty in UK market abuse case-FCA

(Refiles to remove repeated information in paragraph 4) By Nishant Kumar Nov 7 (Reuters) - Former Moore Capital trader Julian Rifat pleaded guilty on Friday to eight instances of insider dealing in a high profile case brought by UK's Financial Conduct Authority (FCA), the regulator sa

MOVES-Legal & General IM hires Chris De Marco from Aon Hewitt

Nov 5 (Reuters) - Legal & General Investment Management, the fund management business of British insurer Legal & General , said it appointed Chris De Marco as the head of institutional client management and strategy. De Marco will be responsible for handling the firm's UK client teams and r

UK BROKER RATINGS: TT Electronics Downgraded By Three Brokers

Wednesday broker round-up UPDATE

Associated British Foods: Exane raises target price from 3600p to 3700p, keeping its outperform rating. Citi reduces target price from 3200p to 3100p, while upgrading to buy. AVEVA: Liberum Capital reduces target price from 1500p to 1400p and keeps a hold recommendation. Investec reduces target pric