A slowdown in UK construction expansion and downgrades to Eurozone growth forecasts hit UK stocks on Tuesday morning, with the FTSE 100 having erased early gains by lunchtime. Well-received results from Imperial Tobacco, Associated British Foods and Legal & General weren't enough to prop up the benc
Read moreBroker Berenberg is advising investors to take cover in Legal & General after the insurer and pension provider doubled its annuity sales target for 2014 despite turbulence caused by a UK government pension shake-up. L&G on Tuesday said its retirement arm completed £3.9bn of annuity sales in the nine
Read more(Adds background, CFO comment, analyst comment, share price) By Carolyn Cohn LONDON, Nov 4 (Reuters) - British life insurer and pensions group Legal & General said it generated 12 percent more cash in the first nine months of 2014 than a year ago, as corporate annuity sales helped cus
Read moreThe UK stock market opened tentatively on Tuesday, with declines in the energy sector offsetting some well-received results from blue chips Legal & General, Associated British Foods and Imperial Tobacco. The FTSE 100 was up 0.2% at 6,503 in early deals. However, upside was being limited by falls fr
Read moreInsurance and pensions group Legal & General (L&G) racked up record annuity sales despite British government changes that have relaxed obligations on people to buy annuities to save for their retirement. L&G said its retirement arm completed £3.9bn of annuity sales in the nine months to September, o
Read moreLONDON, Nov 4 (Reuters) - British life insurance and pensions group Legal & General saw a rise in net cash generation in the first nine months of 2014, helped by sales of bulk annuities. Net cash generation was up 12 percent to 827 million pounds($1.32 billion), compared with 740 million po
Read more