Legal & General Group PLC (LGEN.L)
24 Mar 2017
(The following statement was released by the rating agency) LONDON, March 21 (Fitch) Fitch Ratings has assigned Legal & General Group plc's (L&G) USD850m subordinated notes due 2047 a 'BBB+' rating. The notes are rated three notches below L&G's 'A+' Issuer Default Rating, comprising two notches for the level of subordination and one for 'moderate' non-performance risk. KEY RATING DRIVERS The notes have been issued by L&G under its GBP4 billion euro note programme. The proceeds will be used t
* Says generated more than 600 million pounds in lifetime mortgage completions bringing total value of lifetime mortgage AUM by group to 1 billion pounds Further company coverage:
LONDON, March 13 Mark Zinkula, chief executive of insurer Legal & General's fund arm, Legal & General Investment Management, is to join the board of Britain's corporate governance watchdog.
The prospect of Brexit choking off the supply of EU workers is reshaping Britain's homebuilding industry, with big companies increasingly looking to factory-manufacture houses in sections that can be slotted together on-site with minimal labor.
March 9 The prospect of Brexit choking off the supply of EU workers is reshaping Britain's homebuilding industry, with big companies increasingly looking to factory-manufacture houses in sections that can be slotted together on-site with minimal labour.
* Ceo nigel wilson earned 5.3 million pounds ($6.44 million) in 2016 -annual report Source text for Eikon: Further company coverage: ($1 = 0.8225 pounds) (Reporting By Carolyn Cohn)
LONDON Insurer Legal & General is not planning any large acquisitions, its chief financial officer said on Wednesday, after the company reported an 11 percent rise in 2016 operating profit.
* Total dividend up 7 pct to 14.35 pence (Releads with CFO comment, adds detail, share price)
* Chief financial officer mark gregory ~says insurer has capacity to buy annuity back books, expect them to come on the market "from time to time"
LONDON, March 8 Insurer Legal & General posted an 11 percent rise in 2016 adjusted operating profit to 1.63 billion pounds ($1.99 billion), boosted by a strong performance in its retirement business, it said on Wednesday.