Legal & General Group Plc (LGGNF)
- Simply Wall St.
With 76% institutional ownership, Legal & General Group Plc (LON:LGEN) is a favorite amongst the big guns
Key Insights Significantly high institutional ownership implies Legal & General Group's stock price is sensitive to...
- Reuters
Big UK investors poised to buy the dip in US property
British investment managers Legal & General and Schroders are to invest hundreds of millions of dollars in commercial property in the United States, but are largely steering clear of the hard-hit office sector, the companies told Reuters. The fund managers, which oversee more than 1.9 trillion pounds ($2.5 trillion) of assets between them, said they had separately been building up their U.S. real estate teams to make the push, anticipating that property prices will recover, aided by falling interest rates. Legal & General CEO António Simões told Reuters that U.S. real estate was a key expansion market for the company, adding that the market's fundamentals remained strong.
- The Telegraph
Solar panel giant to axe a fifth of its workforce
One of Europe’s largest solar panel manufacturers has announced it will cut about 200 jobs as it battles to return to profitability amid stiff competition from China.
