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 [...]