RE: Still falling!9 Aug 2016 11:20
L&G’s Profit Misses Analyst Estimates on Insurance, Investments
Bloomberg By Sarah Jones 2 hours ago
Legal & General Group Plc reported first-half profit that missed analysts estimates as the U.K.’s largest manager of pension assets reported lower earnings at its insurance and investment units.
Operating profit increased 3.6 percent from a year earlier to 777 million pounds ($1 billion), the London-based insurer said Tuesday. That fell short of the 812 million-pound average estimate of 18 analysts surveyed by the firm. The insurer declared an interim dividend of 4 pence per share, based on a