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United Kingdom

Legal & General Group PLC (LGEN.L)

LGEN.L on London Stock Exchange

267.10GBp
20 Jul 2018
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-1.10 (-0.41%)
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Thu, Jun 21 2018

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L&G aims for 8-10 percent profit growth from fund business

LONDON British insurer Legal & General is aiming for annual operating profit growth of 8 to 10 percent at its fund management business as part of a broader overhaul that includes plans to expand internationally.

UPDATE 1-L&G aims for 8-10 pct profit growth from fund business

* Shares up 0.8 pct, lag FTSE 100 (Adds analyst comments, share price reaction, background, bullet points)

Legal & General targets 8-10 percent profit growth with new strategy

LONDON, June 20 Legal & General said it would set out a new strategy that aims to deliver operating profit growth of 8 percent to 10 percent per year at its capital markets day, due to kick off later on Wednesday.

BRIEF-L&G real estate unit buys a UK industrial estate for 182 mln stg

* REAL ESTATE UNIT BUYS WOODSIDE INDUSTRIAL ESTATE IN DUNSTABLE, UK FROM HERBERT MANAGEMENT CORP FOR 182 MILLION STG, NET INITIAL YIELD 5 PERCENT Further company coverage: (Reporting By Carolyn Cohn)

BRIEF-Legal & General takes full ownership of Cala Homes​

* The total valuation of 100% of the equity in CALA Homes was £605m

BRIEF-Legal & General has mean gender pay gap of 30.5 pct-annual report

* HAS MEAN GENDER PAY GAP OF 30.5 PERCENT, MEDIAN GAP OF 31.6 PERCENT -ANNUAL REPORT

Legal & General CEO pay drops by a third to 3.5 mln stg

LONDON, March 7 Legal & General Chief Executive Nigel Wilson was paid 3.5 million pounds ($4.86 million) in 2017, a drop of 36 percent from a year earlier, the insurer said on Wednesday.

Slowing improvement in UK life expectancy boosts Legal & General full-year profit

LONDON A slowdown in improvements in life expectancy in Britain boosted insurer Legal & General's 2017 results, it said on Wednesday, as it reported a forecast-beating 32 percent rise in operating profit.

UPDATE 1-Slowing improvement in UK life expectancy boosts Legal & General FY profit

LONDON, March 7 A slowdown in improvements in life expectancy in Britain boosted insurer Legal & General's 2017 results, it said on Wednesday, as it reported a forecast-beating 32 percent rise in operating profit.

Legal & General FY operating profit beats forecast, up 32 pct

LONDON, March 7 British insurer Legal & General reported an above-forecast 32 percent rise in 2017 operating profit of 2.1 billion pounds ($2.92 billion), it said on Wednesday, helped by reserve releases related to changing longevity expectations.

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