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Royal Bank of Scotland on Tuesday handed 10 directors share allowances worth £3.5m under a new plan by the bank to work around strict rules on bonuses. The directors were given just under 1.02m shares, but sold around 0.48m to satisfy an associated tax liability, the bank said. The sales raised aro
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Aug 12 (Reuters) - Life insurance and pensions company Legal & General Group Plc will cut its ties with the Association of British Insurers, Sky News reported on Tuesday, citing sources. The 177-year-old company is expected to make a statement on Wednesday, Sky said. Although the reas
Read more-- Source link: (http://bit.ly/1pMNxfE) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read moreAvacta Group: Numis lowers target price from 2p to 1.6p retaining its buy recommendation. Braemer Shipping Services: Westhouse Securities reinstates with a target price of 545p and a buy recommendation. British Land: Liberum Capital upgrades to buy with a target price of 763p. Catlin Group: Deuts
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Growth of 20% in the stock of annuity assets to £38.5bn in the first six months of the year drove a 9% rise in profits after tax at insurance group Legal&General, to reach £507m. Operating profits improved by 11% to hit £636m. That was slightly better than the £631m which the analyst consensus had
Read more* H1 pretax profit up 7 pct to 636 mln pounds * Cash generation up 13 pct to 567 mln pounds * Interim dividend up 21 pct to 2.9 pence a share * Assets under management up 7 pct to 465.1 bln pounds (Adds quotes, detail from statement, share reaction) By Richa Naidu
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