Legal & General Stock News
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London, Sep 25, 04:35 pm BST.
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Legal & General Stock News
The job cuts will initially be voluntary in the U.K, the company told staff. They do not include the asset management business.
Legal & General Group PLC (LSE:LGEN) drew a cautious assessment from RBC Capital Markets on Wednesday, as the investment bank flagged lower-quality institutional earnings despite a credible strategic direction. The shares fell 1% to 288p as RBC kept its 'underperform' rating, tweaking its model after a recent investor call with the group finance and strategy chiefs.
Legal & General Group PLC (LSE:LGEN) beat first-half profit expectations and said full-year earnings growth would be above its medium-term target range as its asset management business delivered a sharp improvement. The FTSE 100 life insurer reported core operating profit of £918 million, up 7% and around 4% ahead of the company-compiled consensus of £883 million.
British insurer Legal & General reported a forecast-topping 7% increase in core operating profit to £918 million ($1.24 billion) for the first half of 2026 on Wednesday, as well as an improved interim dividend of 6.24 pence per share.
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