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The Latest Breaking News from Legal General

Stocks slide and pound dives as bond yields spike

The FTSE 100 index closed down 79.65 points at 9,116.69.

Evening Standard

Legal & General to sell US protection arm for £1.8bn

The London-listed life insurance and pensions firm saw shares jump higher in early trading on Friday as a result.

Evening Standard

L&G warns housebuilding drive needs decade to tackle housing crisis at current pace

Group taps Greater Manchester Pension Fund to boost coffers but warns push for affordable homes must move faster

The Guardian - UK

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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

The Guardian - UK

Public health expert lambasts UK government as fund to tackle inequality launches

Sir Michael Marmot wants cuts reversed as fund backed by L&G and his research institute opens to support local initiatives

The Guardian - UK

‘We’re hugely worried’: UK private pension rule changes disrupt retirement plans

Banned from making transfers or told they must wait to retire, older people tell of fears for their life savings

The Guardian - UK

Apple may be forced to reveal its AI plans to shareholders, as pressure is building internally for more transparency

A handful of big Apple shareholders may force the company to reveal its AI plans for future devices prematurely.

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Rent resentment: how the bank of mum and dad is causing a social divide in the capital

As Gen Z grapples with the fact they may never own a home in London, the "affluenza" of friends who have had property bought for them is causing relationships to sour, says Maddy Mussen

Evening Standard

‘Bank of family’ to help a record number of UK house buys this year

Affordability problems for first-time buyers mean parents, grandparents and siblings are stepping in to help

The Guardian - UK

UK economy defying the ‘moaners and groaners’, Legal & General chief says

Legal & General boss Sir Nigel Wilson decried the levels of “moaning and groaning” about a UK economy that has proved more resilient than expected over the past 18 months.

Evening Standard

Rent-free revival: ‘dead’ Poole shopping street brought back to life

Landlord’s injection of imagination on Kingland Crescent helps independent retailers thrive – and offers a template for other high streets

The Guardian - UK

United Utilities agrees £1.8bn deal with Legal & General

The move comes after United Utilities defended its financial position in the wake of the unfolding situation at counterpart Thames Water

Birmingham Post

Funding secured for new 'build to rent' apartments in Titanic Quarter

The Loft Lines development will consist of 627 build to rent apartments and 81 social homes

Belfast Live

L&G to close modular homes factory but Bristol project will continue

The development at Lockleaze has been heralded as an achievement by the Mayor of Bristol

Bristol Post

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The Guardian - UK

Legal & General halts new production at modular homes factory near Leeds

Group tells staff it will let most of them go, as it considers options for loss-making factory

The Guardian - UK

First Thing: 20,000 Russian troops killed in eastern offensive failures, says US

Russian casualties mark acceleration even when compared with first days of the war, says White House national security council spokesperson. Plus, all the coverage from the Met Gala

The Guardian - UK

Green investment funds pushing money into fossil fuel firms, research finds

BlackRock and L&G among asset managers using funds with ESG label to invest in coal, oil and gas

Insider UK

£60 million Met Tower transformation plans unveiled

Subject to planning permission, the redeveloped building should reopen during summer 2025

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The Guardian - UK

Fast-build modular homes – an answer to the UK housing crisis?

Industry in UK is still largely loss-making but there are hopes it might soon deliver significant proportion of new homes

The Independent UK

Almost half of households ‘concerned over meeting rent or mortgage bills’

Bosses at pensions and life insurance giant Legal & General also warned that inequalities across Britain have worsened over the past year.

Bristol Post

No money to fix ‘appalling’ Bristol bike lane along busy road near Temple Island

The narrow stretch of bike lane and pavement is expected to get much busier in the next few years

Ideal Home

5 house moving mistakes to avoid if you want to save money

Moving home is expensive enough - avoid these mistakes if you want to keep costs low

Wales Online

Building work begins at 700-apartment scheme in the centre of Cardiff

The project from L&G at Central Quay is under way and will be completed in 2027

Birmingham Post

Work under way on 700-plus waterfront apartment scheme in the centre of Cardiff

The build to rent scheme from L&G at Central Quay is scheduled for completion in 2027

Evening Standard

L&G boss Wilson blasts ‘political infighting’ for our ‘low-wage, low-growth’ economy

“We’ve starved our economy of equity...we need the government to step up” City chief warns

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