Legal and General mulls multi-million pound sale of housing arm Cala Property 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.
Legal and General hits out at Apple’s plan to keep AI use secret Tech Legal and General Investment Management (LGIM) has announced it plans to vote against Apple's use of AI at its upcoming annual meeting.
Homes England, Legal & General and Muse partnership doubled in size to £400m Regeneration A partnership between Homes England, Legal & General and Muse has doubled in size to £400m after securing two major deals.
L&G’s modular homes venture reports £94m loss as it winds down business November 6, 2023 Legal & General’s modular homes subsidiary reported losses of almost £94m last year as the insurance giant moved to close its factory and run down the pet project of outgoing chief executive Sir Nigel Wilson.
Insurers’ £360bn pension plan bonanza could spark government bonds sell-off October 16, 2023 It is estimated that the UK private sector defined benefit pension plans could transfer up to £360bn of assets to insurers over the next five years, which would see a £100bn sell off in government bonds.
Two thirds of home buyers in London getting help from Bank of Mum and Dad August 28, 2023 Over two-thirds (67 per cent) of all homeowners in London receive parental support to purchase their homes, a report released by Legal and General (L&G) has shown. ‘Bank of Family’ recipients in London received £30,200 on average to support their transaction, only beaten by those in the East of England who received an average of [...]
Aviva, L&G and Admiral to report next week as long-time insurance boss Sir Nigel Wilson eyes exit August 11, 2023 Investors will need to figure out the impact of new accounting rules next week as three of the country’s biggest insurers report their financial results. It will also be the final set of half-year results for Legal & General boss Sir Nigel Wilson, who is set to depart later in 2023. “Sir Nigel steps down [...]
Legal and General: Santander Europe boss António Simões to succeed long-time chief Sir Nigel Wilson June 15, 2023 Legal and General (L&G) has appointed Santander’s António Simões to be chief executive, who will succeed the departing Sir Nigel Wilson next year. Simões has been Santander’s European regional head since 2020, leading the bank’s operations across the UK, Spain and Portugal. Before that Simões had been at HSBC for 13 years, where he had [...]
L&G report: Inflation is widening gap between rich and poor with ‘pay cut’ for 95 per cent of UK households March 27, 2023 Legal & General’s Rebuilding Britain Index (RBI) found that 95 per cent of working UK households have experienced a real terms pay cut over the last 12-months as rising inflation makes its way felt into nearly all households. UK inflation has surpassed forecasts and stayed in the double digits and the rate of price increases [...]
Legal & General raises dividend as higher interest rates help it profit from pensions buyout boom March 8, 2023 Legal & General (L&) has hiked its dividend after outstripping market expectations by boosting its profits by 12 per cent. Higher profits in L&G’s pensions and life insurance segments offset lower incomes from its asset management business, LGIM, after it suffered from the impacts of market volatility. L&G upped its dividend by five per cent, [...]