Legal & General Share News (LGEN)

TOP NEWS: Legal & General annual profit rises amid high interest rates

(Alliance News) - Legal & General Plc on Wednesday reported a firm increase in annual profit and a record solvency ratio in its annual report.

LONDON MARKET OPEN: Stocks slide as higher US interest rates priced in

(Alliance News) - Stock prices in London opened in the red on Wednesday morning, after comments by US Federal Reserve Chair Jerome Powell put a larger 50-basis-point interest hike at the US central bank's next meeting in March firmly on the radar.

Legal & General FY operating profit beats expectations

(Sharecast News) - Legal & General lifted its dividend on Wednesday as it posted a jump in full-year operating profit.

LONDON BRIEFING: UK insurers report mixed results and change chairs

(Alliance News) - Stocks in London are set to open lower on Wednesday, as markets saw any prospect of a dovish pivot from the US Federal Reserve dashed on Tuesday after its chair said rates would likely remain high.

Legal & General invests in investment advisory firm ImpactA Global

(Alliance News) - Legal & General Group PLC on Monday said it invested in the women-led investment advisory firm ImpactA Global Ltd for an undisclosed sum.

Ex-JPMorgan bankers start emerging market infrastructure investment firm

LONDON, March 6 (Reuters) - Two former JP Morgan credit bankers on Monday launched a new impact investment advisory firm focused on emerging market infrastructure, with a minority stake by British insurer Legal & General's alternative investments arm.

UK earnings, trading statements calendar - next 7 days

Post-Brexit insurance reform clear before December, says BoE's Woods

LONDON, Feb 20 (Reuters) - The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a long-trailed and disputed reform of their capital rules, saying a "very good sense" of the changes would emerge well before December.

Legal & General sues Glencore for investor losses after corruption fallout -FT

Feb 16 (Reuters) - Asset manager Legal & General filed a lawsuit against Glencore in London's High Court last week over investor losses after the mining and commodities group admitted to multiple bribery offences last year, the Financial Times reported on Thursday.

LONDON BROKER RATINGS: Bryan Garnier starts Unilever with 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

LONDON BROKER RATINGS: Deutsche Bank double-upgrades easyJet to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

CORRECT: Frasers could buy British shopping centres for GBP100 million

(Corrects that Mike Ashley is not the chief executive officer of Frasers.)

TOP NEWS: Frasers CEO could buy shop centres for GBP100 million -Press

(Alliance News) - The Times on Saturday reported that Frasers Group PLC Chief Executive Officer Mike Ashley is mulling to buy two shopping centres in Great Britain for a total of GBP100 million.

LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Berenberg downgrades L&G and M&G to 'hold'

(Sharecast News) - Analysts at Berenberg downgraded insurers Legal & General and M&G from 'buy' to 'hold' on Tuesday, citing high correlation to credit and the UK economy, as well as a lack of organic growth in the latter's asset-management business.