L&G: FTSE 100 giant reveals £2bn plan to create 24,000 jobs Property FTSE 100 giant Legal & General (L&G) has revealed plans to invest £2bn in regeneration projects across the UK in a move which it said will create around 24,000 jobs. The group said it would invest into ‘productive assets’ such as infrastructure, affordable housing and urban regeneration between now and 2030. L&G added that it [...]
Legal & General: FTSE 100 giant touts asset management plans Investing Legal & General is set to delve further into the asset management markets after outlining its fresh growth plan on Tuesday. The firm’s asset management arm, which oversees £1.1 trillion in assets, is setting out targets for the coming year to notch over £500m in operating profit. If successful, this would mark a sharp jump [...]
FTSE 100’s winning streak falters as White House ‘clouds’ market sentiment Markets The FTSE 100 slid into the red on Thursday putting the index on course to end an eight-day consecutive run of gains. The blue-chip index was down over one per cent in early trading before a late-morning rebound left it broadly flat at midday. London’s blue-chips soared at the beginning of the week as President [...]
Rachel Reeves calls in City bosses for crisis tariff talks April 9, 2025 Chancellor Rachel Reeves is set to meet with top City bosses today amidst the fallout of President Donald Trump’s tariff onslaught. Executives from Hargreaves Lansdown, Legal & General, Lloyds Banking Group and M&G will attend the Chancellor’s summit, according to Sky News. The talks will cover the Treasury’s financial services growth and competitiveness strategy, sources [...]
Wonks think a wave of asset management mergers is inevitable January 22, 2025 Across the European continent, a surge of mergers and acquisitions among asset managers has begun. Yesterday, Italian and French giants Generali and Natixis agreed to a €1.9 trillion (£1.61 trillion) merger to create the second largest asset manager in Europe. Meanwhile, BNP Paribas recently bought out AXA’s investment arm, and rumours continue to swirl about [...]
Rolls-Royce chair and Octopus founder named among industrial strategy panel December 17, 2024 Octopus founder Greg Jackson, Rolls-Royce chair Dame Anita Frew and former Tory business secretary Greg Clark are among the heavyweight names appointed to a new Industrial Strategy Advisory Council, launched by the government on Tuesday to help stimulate growth. The panel, which also includes private sector top dogs like Prudential chair Baroness Shriti Vadera and [...]
Bosses at world’s biggest banks: Britain is ‘ready for investment’ October 14, 2024 Bosses at five of the world’s biggest banks, along with a host of insurers, private equity firms and tech giants, have backed a push to invest in the UK ahead of the government’s flagship investment summit today. More than a dozen executives signed a letter stating that they were optimistic about the future of the [...]
Legal & General upsizes with lease for City HQ in new Woolgate building September 3, 2024 Legal & General has signed a 15-year lease to move its headquarters to Woolgate, a new building set to open on Coleman Street. The move will see Legal & General hopping just down the road, from One Coleman Street to 10 Coleman Street. It will also be a slight upsizing for Legal & General, going [...]
Mark Kleinman: Entain’s new CEO will be gambling with career June 13, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at Entain’s future chief, Legal and General and Dexters Entain’s new CEO will be gambling with career Talk about a glutton for punishment. I hear that Entain, the FTSE-100 gambling [...]
Legal and General mulls multi-million pound sale of housing arm Cala March 18, 2024 Legal and General is drawing up plans to sell Cala Group, one of the UK’s biggest house building groups, which it has owned for the past six years.