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Legal & General Group Plc (LGGNY)

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14.51-0.11 (-0.75%)
At close: 03:47PM EDT
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  • Yahoo Finance UK

    Trending tickers: Oracle, Apple, Paramount and L&G

    The latest investor updates on stocks that are trending on Wednesday.

  • The Guardian

    Legal & General to expand pensions and sell housebuilder Cala

    Insurance and asset management group’s new chief promises a ‘simpler’ business, focused on three divisions

  • Reuters

    Legal & General shares drop on $250 million buyback, merger of investment units

    British life insurer Legal & General is planning a 200 million pound ($254.9 million) share buyback and a merger of its investment units, it said on Wednesday as it looks to boost returns, though the changes disappointed investors. L&G will combine Legal & General Investment Management, one of the biggest investors in the UK stock market, and its alternative asset platform Legal & General Capital, it said in a statement ahead of a capital markets day outlining its new strategy. LGIM CEO Michelle Scrimgeour will step down following the changes, L&G said.