Legal & General Group PLC (LGEN.L)
26 Mar 2019
Wed, Mar 6 2019
LONDON Legal & General said it had made record sales of annuities in 2018, although some analysts questioned whether Britain's third-largest insurer could continue to raise its dividend at the same time, knocking its shares on Wednesday.
* Shares down 3.7 pct, bottom of FTSE 100 (Adds analyst, trader, shares, background)
LONDON, March 6 British life insurer Legal & General posted a 10 percent rise in operating profit to 1.9 billion pounds ($2.5 billion) in 2018, helped by record sales of annuities, it said on Wednesday.
CORRECTED-(OFFICIAL)-MOVES-Legal and General Investment Management names Middle East distribution head
Jan 8 European asset manager Legal and General Investment Management on Tuesday named Noareen Raja as its head of Middle East distribution, responsible for client relationships in the region.
Dec 19 Britain's largest motor insurer Direct Line indicated it is interested in making a 400 million pound ($504.36 million) bid to buy Legal & General Group's general insurance unit, Sky News reported on Wednesday, citing City sources.
* L&G global pipeline for deals at record high (Adds detail from statement, bullet points)
LONDON, Oct 8 British insurer Legal & General said on Monday it had agreed a deal to insure 2.4 billion pounds ($3.14 billion) in pension risk with the Nortel Networks UK Pension Plan.