Summary
INSURER Legal & General sent shares falling across the sector yesterday after revealing a pounds 351m hit to investments and another dividend payout cut.
L& G, which employs more than 2,000 people at its office in Cardiff, said "negative investment variances" left operating losses on an IFRS basis down by 92% to pounds 31m in the six months to June 30.See the full content of this document
Extract
Shares Fall Over L& G Pounds 351m Hit
The UK's third largest insurer slashed its interim dividend payout by 45% as it continues to hoard cash - a mo...
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