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L&G cash call fears mounting
A SLEW of major insurers are gearing up to issue half-year numbers this week, with fears of a possible rights issue at Legal & General (L&G) continuing to mount.
L&G, which has tripled its share price from a 23p March low, is expected to cut its interim dividend amid a continued struggle to boost its capital buffers.
On Wednesday, Standard Life is expected to report a sales decline of around 20 per cent thanks to its focus on the troubled pensions sector.
Thursday will also see Aviva and RSA Insurance report.