LONDON (Alliance News) - Legal & General Group PLC Wednesday said it has won a bulk annuity contract with ICI Pension Fund, covering GBP3.00 billion of its liabilities, as the life insurer moved to reinforce its expectation that it will exceed the GBP2.1 billion of annuity net flows in 2013. < Read More
LONDON (Alliance News) - Shares have opened higher Wednesday, as the UK government completed its second sales of shares in <strong>Lloyds Bank</strong>. <br /><br />The UK government said it has raised GBP4.2 billion from the sale, meaning it has now recouped GBP7.41 billion of the roughly GBP Read More
LONDON (Alliance News) - Legal & General Group PLC has forecast that Chancellor of the Exchequer George Osborne's changes to pensions rules could result in the GBP12 billion a year annuity market more than halving in size, according to the Financial Times. The measures introduced in the Cha Read More
LONDON (Alliance News) - UK stocks fell on Thursday, following the declines seen in US markets on Wednesday after new Federal Reserve Chair Janet Yellen announced a further cut to the US quantitative easing programme and also hinted at an interest rate rise sooner than previously expected. Read More
LONDON (Alliance News) - UK equities are attempting to rebalance today in the wake of the tax and regulatory changes unveiled in Wednesday's government budget.<br /><br />Life insurance companies have continued to take a battering during morning trading, following the announcement by Chancello Read More
LONDON (Alliance News) - Stocks indices are lower across the UK and Europe Thursday, reacting badly to the hawkish tone struck by new Federal Reserve Chair Janet Yellen on Wednesday, while UK stocks continue to rebalance on the back of the tax adjustments announced in Wednesday's budget. By Read More
LONDON (Alliance News) - Resolution Ltd Thursday joined peers in trying to allay fears caused by Chancellor of the Exchequer George Osborne's annuities shake-up, under which people are to be given greater flexibility and choice in how they manage their pension pots. Shares in UK annuity pro Read More
LONDON (Alliance News) - London's blue-chip and mid-cap indexes closed lower Wednesday as annuity providers and betting companies were hard hit by Chancellor of the Exchequer George Osborne's changes to pension rules and a hike to gaming machine duty<br /><br />The FTSE 100 closed down 0.5% at Read More
LONDON (Alliance News) - Shares in UK annuity providers plummeted Wednesday after Chancellor of the Exchequer George Osborne did away with compulsory annuities, giving people far more control and flexibility over how they manage their pension pots as they plan for retirement. Legal & Genera Read More
LONDON (Alliance News) - Shares in UK annuity providers plummeted Wednesday after Chancellor of the Exchequer George Osborne did away with compulsory annuities, giving people far more control and flexibility over how they manage their pension pots as they plan for retirement. Legal & Genera Read More
LONDON (Alliance News) - Shares in UK annuity providers plummeted Wednesday after Chancellor of the Exchequer George Osborne did away with compulsory annuities, giving people far more control over how they manage their pensions as they plan for retirement. Legal & General Group PLC saw its Read More
LONDON (Alliance News) - The FTSE 100 and FTSE 250 indexes have fallen in the wake of George Osborne's 2014 UK budget, with annuity providers and the traditional betting companies coming under pressure after a shake up of pension rules and a rise in gaming machine duties. The FTSE 100 is do Read More
LONDON (Alliance News) - Smith & Nephew PLC Tuesday said Chief Legal Officer John Campo exercised options over 50,000 shares at an exercise price of 547 pence per share under the company share plan Monday and sold the shares at 927.5 pence each. Following this transaction, Campo holds 116,3 Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Friday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />JEFFERIES CUTS G4S PRICE TARGET TO 280 (290) PENCE - 'BUY' <br />----------<br />GOLDMAN RAISES PRUDENTIAL PRICE TARGET TO 1600 Read More
LONDON (Alliance News) - Legal & General Group PLC Tuesday said Ian Wilson, a person connected to non-executive Director Julia Wilson, bought 4,914 shares in the company at a price of 233.08 pence per share. The company said the shares would be held in an ISA via an external nominee. Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning and Wednesday afternoon:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />UBS RAISES SHIRE PRICE TARGET TO 3450 (3180) PENCE - 'NEUTRAL'<br />----------<br />UBS RAISES ASTRAZE Read More
LONDON (Alliance News) - <strong>Standard Chartered</strong> Wednesday reported its first annual decline in pretax profit after a decade of growth, as it was hit by emerging market fears and a writedown in its Korean business.<br /><br />The FTSE 100-listed bank warned that it is facing more c Read More
LONDON (Alliance News) - The following is a summary of top news stories Wednesday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>Standard Chartered</strong> PLC reported its first annual decline in pretax profit after a decade of growth, as it was hit by emerging Read More
LONDON (Alliance News) - Shares have opened mostly lower Wednesday with small-caps out-performing large caps, following Tuesday's relief rally from lowered Ukraine tensions.<br /><br /><strong>Standard Chartered</strong> has reported lower 2013 profit and a 15% reduction in its bonus pool, whi Read More
LONDON (Alliance News) - Legal & General Group PLC Wednesday reported a 10% rise in 2013 pretax profits, supported by strong growth across the business, particularly its retirement and investment management divisions. The FTSE 100 life pensions and investment company reported a GBP1.13 bill Read More