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Legal&Gen


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Financing conditions pass global selloff test, so far

REFILE-ANALYSIS-Financing conditions pass global selloff test, so far In paragraph 15, changes fund manager name to First Eagle Investments, the brand name the company prefers to use Global financial conditions holding up after stocks turmoil Goldman Sachs gauge shows conditions historically loose Carry trade unwind impact on liquidity a risk to watch -analysts By Yoruk Bahceli, Matt Tracy and Emma-Victoria Farr Aug 14 (Reuters) - A tumultuous sell-off in financial markets this month has barely
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Overseas investors turn bearish on Japanese equities after brutal sell-off

Overseas investors turn bearish on Japanese equities after brutal sell-off By Summer Zhen HONG KONG, Aug 13 (Reuters) - Global investors are turning bearish on once-favoured Japanese stocks following last week's turbulence as they reassess economic prospects and the viability of yen-funded trades. Using cheap yen JPY= to buy stocks on the Nikkei .N225 was a hot trade until this month.
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Barclays, Ibstock, London Stock Exchange

EUROPE RESEARCH ROUNDUP-Barclays, Ibstock, London Stock Exchange Aug 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Barclays, Ibstock and London Stock Exchange, on Thursday. HIGHLIGHTS * Barclays BARC.L : HSBC raises target price to 310p from 290p * Ibstock IBST.L : Berenberg raises target price to 200p from 150p * London Stock Exchange LSEG.L : HSBC raises target price to 9,400p from 8,800p * Persimmon PSN.L : JP Morgan raises
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Glencore may be the next UK listing to head west

BREAKINGVIEWS-Glencore may be the next UK listing to head west The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Karen Kwok LONDON, Aug 7 (Reuters Breakingviews) - Gary Nagle is flipping the script. The boss of $61 billion Swiss miner Glencore GLEN.L on Wednesday said he would drop a proposal to spin off his coal business via a New York initial public offering.
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UK Stocks-Factors to watch on August 7

UPDATE 1-UK Stocks-Factors to watch on August 7 Adds new items, updates futures Aug 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 1.1%. * GLENCORE: Glencore GLEN.L will not spin off its coal business after securing backing from the majority of its investors who see lucrative earnings from the fossil fuel after the commodities giant's recent acquisition of Teck Resources' TECKb.TO coking coal assets, it said.
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Legal & General profit tops forecast, helped by annuity sales

UPDATE 2-Legal & General profit tops forecast, helped by annuity sales Adds CEO comment in paragraph 6, shares and analyst in 11 By Carolyn Cohn LONDON, Aug 7 (Reuters) - Legal & General LGEN.L reported a 1% rise in first-half core operating profit to 849 million pounds ($1.1 billion) on Wednesday, exceeding analyst expectations, following record sales of individual annuities over the period.
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Green shoots for stocks

LIVE MARKETS-Green shoots for stocks Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . GREEN SHOOTS FOR STOCKS European stocks are set for a positive start to Wednesday after jittery investors were reassured after The Bank of Japan's deputy governor played down the chance of a near-term interest rate hike.
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Legal & General Says Independent Review Report On Co Says Nothing To Believe Directors Inappropriately Adopted Going Concern Basis Of Accounting

BRIEF-Legal & General Says Independent Review Report On Co Says Nothing To Believe Directors Inappropriately Adopted Going Concern Basis Of Accounting Aug 7 (Reuters) - Legal & General Group PLC LGEN.L : LEGAL & GENERAL - INDEPENDENT REVIEW REPORT ON CO SAYS NOTHING TO BELIEVE DIRECTORS INAPPROPRIATELY ADOPTED GOING CONCERN BASIS OF ACCOUNTING Sour
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Legal & General posts better-than-forecast H1 operating profit

Legal & General posts better-than-forecast H1 operating profit LONDON, Aug 7 (Reuters) - Legal & General LGEN.L posted an above-expected 1% rise in first-half core operating profit to 849 million pounds ($1.08 billion), helped by record sales of individual annuities, the British life insurer and asset manager said on Wednesday. Analysts had predicted operating profit of 834 million pounds, according to a company-compiled consensus forecast.
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Legal & General Announces A 5% Increase In Interim Dividends Per Share

BRIEF-Legal & General Announces A 5% Increase In Interim Dividends Per Share Aug 7 (Reuters) - Legal & General Group PLC LGEN.L : LEGAL & GENERAL GRP - L&G HALF YEAR RESULTS 2024 CONTINUE TO EXPECT 2024 CORE OPERATING PROFIT TO GROW BY MID-SINGLE DIGITS YEAR-ON-YEAR INTERIM DIVIDENDS PER SHAREOF 6.00P, UP 5% (H1 2023: 5.71P) ANNOUNCE A 5% INCREASE
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UK Stocks-Factors to watch on August 7

UK Stocks-Factors to watch on August 7 Aug 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 1.3%. * OIL : Oil prices slipped in early Asian trading following a brief rebound in the previous session after industry data showed an unexpected build in U.S. crude oil and gasoline inventories, offsetting global oil supply concerns.
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Investors' comments on global stocks rout

QUOTES 8-Investors' comments on global stocks rout Adds quotes Aug 5 (Reuters) - Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Japan's Nikkei .N225 shed a staggering 12% to hit nine -month lows, entering bear market territory and marking its biggest one-day percentage drop since October, 1987. Europe's bro
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Investors' comments on global stocks rout

QUOTES 7-Investors' comments on global stocks rout Adds quotes Aug 5 (Reuters) - Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Japan's Nikkei .N225 shed a staggering 12% to hit nine -month lows, entering bear market territory and marking its biggest one-day percentage drop since October, 1987. Europe's bro
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Investors' comments on global stocks rout

QUOTES 6-Investors' comments on global stocks rout Adds quotes Aug 5 (Reuters) - Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Japan's Nikkei .N225 shed a staggering 12% to hit nine -month lows, entering bear market territory and marking its biggest one-day percentage drop since October, 1987. Europe's bro
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Reactions to sharp sell-off in Japan stocks

QUOTES-Reactions to sharp sell-off in Japan stocks Repeats to additional subscribers, no change to text Aug 5 (Reuters) - Japanese stocks collapsed on Monday in their biggest single day rout since 1987's Black Monday selloff, driven by last week's plunge in global stock markets, economic concerns and worries investments funded by a cheap yen were being unwound.
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Reactions to sharp sell-off in Japan stocks

QUOTES-Reactions to sharp sell-off in Japan stocks Aug 5 (Reuters) - Japanese stocks nose-dived to mark their biggest single day rout since 1987's Black Monday selloff, driven by last week's plunge in global stock markets, economic concerns and worries investments funded by a cheap yen were being unwound. The Nikkei share average .N225 shed a staggering 12.4% on Monday as Asian markets caught up with Friday's dismal U.S.
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Investors' comments on global stocks rout

QUOTES-Investors' comments on global stocks rout Updates with Europe markets open, fresh quotes Aug 5 (Reuters) - Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth.
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Investors' comments on market sell-off

QUOTES-Investors' comments on market sell-off Adds quotes Aug 5 (Reuters) - Share markets tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Japan's Nikkei .N225 shed a staggering 12% to hit 9-month lows, entering bear market territory and marking its biggest one-day percentage drop since October, 1987. That comes after the tech-heavy Nasdaq
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Royal London prepares to enter bulk annuity market

Royal London prepares to enter bulk annuity market By Huw Jones LONDON, Aug 2 (Reuters) - British pensions, investment and life insurance company Royal London said on Friday it was finalising preparations to enter within months the 'bulk annuity' or pensions insurance market, a fast-growing sector attracting more regulatory scrutiny. Royal London reported that first half group operating profit rose to 144 million pounds ($183.36 million), up 13% from 127 million in the same period last year.
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Still 'early stage' of UK efforts to tap pension pots for growth

Still 'early stage' of UK efforts to tap pension pots for growth By Huw Jones LONDON, July 30 (Reuters) - Progress on boosting UK growth by channelling private pension cash into unlisted companies is being hampered by barriers that need removing, a first annual update showed on Tuesday. Last July, then finance minister Jeremy Hunt said that under the 'Mansion House Compact' (MHC) nine insurers and pension funds would voluntarily commit to investing 5% of their direct contribution (DC) pension sc
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