Legal & General boosts profit and revenue in first half of 2019 August 7, 2019 Legal & General boosted profit and revenue in the first half of 2019, as it said the UK represents an “enormous opportunity” for its growing pensions market. The figures The insurer saw profit before tax rise 12 per cent year on year to hit £1bn in the six months to June. Earnings per share grew in [...]
Losses build at L&G’s modular homes business August 4, 2019 Legal & General (L&G) suffered a loss of more than £20m in its modular home building division last year. The latest accounts for L&G Homes Modular show the business reported an operating loss of £20.6m last year. However, the loss was less than the £46.15m reported in 2017. Read more: Construction begins on Europe’s tallest [...]
Rolls-Royce offloads one-third of its pension scheme to Legal & General in landmark £4.6bn deal June 6, 2019 Rolls-Royce has handed over responsibility for £4.6bn of its pension scheme to Legal & General, in a record-breaking deal. The FTSE 100 engine manufacturer has offloaded responsibility for paying the pensions of its 33,000 pensions scheme members. The scheme has a total of 76,000 members. Read more: Rolls-Royce among firms kicked off government’s late payment [...]
What is powering ISA millionaire portfolios? April 3, 2019 | City Talk By Jemma Jackson from interactive investor. For our ISA millionaires, investment trusts and a little luck are key to a seven-figure portfolio. Whilst there is always a huge focus on the most popular ISA season funds, data from interactive investor suggests that when it comes to the largest portfolios, it is investment trusts that are [...]
Legal and General calls for an end to quarterly financial report June 7, 2015 The UK’S biggest asset manager has written to the UK’s biggest 350 listed companies, urging them to ditch quarterly financial reports. Reporting which focuses on short-term performance is not necessary to building a sustainable business as it may steer management to focus more on short-term goals and away from future business drivers, Legal and General [...]
Legal & General faces down pension changes in record first quarter May 6, 2015 Insurance and investment group Legal & General (L&G) delivered a record performance in the first quarter of 2015, with cash generation up to £330m, an 11 per cent increase on the same period last year. General insurance gross written premium fell by four per cent to £81m, which the company attributed to “disciplined pricing”, noting [...]
Legal & General paid chief Nigel Wilson £4.2m last year April 15, 2015 Insurance boss Nigel Wilson made £4.2m in 2014, up from £4m the year before. The total remuneration received by Wilson, who heads up insurance and investment group Legal & General, included a base salary of £808,000 and also £2m from a three-year performance share plan which vested last year. To qualify for the full [...]
Budget 2015: Personal finance groups including Hargreaves Lansdown, St James’ Place and Rathbone’s share price boosted by “saving revolution” Budget March 18, 2015 Personal finance groups were treated to a share price boost this afternoon, after George Osborne unveiled “a saving revolution”. Bristol-based IFA Hargreaves Lansdown led the pack, up 4.8 per cent at pixel time. St James' Place also jumped on the announcements, up 3.5 per cent. Rathbone Brothers's share price was up two per cent, while [...]
Coronation Street, BBC Breakfast get new landlord as Legal & General Capital takes 50pc stake in £503m MediaCityUK March 10, 2015 MediaCityUK – the new home of Coronation Street and the northern hub of the BBC – has just got a new landlord in the form of Legal & General Capital. LGC is now a 50 per cent shareholder in the Salford Quays-based media centre, alongside long-standing owner The Peel Group as part of a [...]