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Today: Jun 14, 2024

Catch up on all the latest financial services news today!

1 min read

TLDR:

  • Berenberg predicts that Legal & General Group’s stock will benefit from an improved macroeconomic outlook, supported by more interest-rate certainty. The insurer is expected to see a step-up in capital generation from strong annuity volumes, potentially leading to an increase in returns.
  • Shares of Legal & General Group rise 1.5% to 247.4 pence while the FTSE 100 slips 0.3% in morning trade.

Berenberg predicts that Legal & General Group’s stock will benefit from an improved macroeconomic outlook, supported by more interest-rate certainty. The insurer is expected to see a step-up in capital generation from strong annuity volumes, potentially leading to an increase in returns. Shares of Legal & General Group rise 1.5% to 247.4 pence while the FTSE 100 slips 0.3% in morning trade.