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Legal & General tops £4bn sales in first half as lifetime mortgages bloom
Legal & General said it made £4bn of sales across bulk annuities, individual annuities and lifetime mortgages in the first half of the year.
John Laing maintains full-year guidance
International investor and manager of infrastructure projects John Laing Group issued a pre-close update for the half-year to 30 June on Thursday, and confirmed total investment committed to date of £76m.
London pre-open: Stocks seen touch higher
London stocks were expected to open a little higher on Thursday, continuing the positive tone from the last two sessions but with investors likely to pause for breath after the last few days of volatility.
3i says not listing or selling interest in Action
Private equity firm 3i said it had no plans to dispose of its investment in Dutch discount retailer Action despite a number of approaches.
Thursday newspaper round-up: Theresa May, City hiring, BT, MyLocal
Theresa May will on Thursday launch her bid to become prime minister with a promise to restore business confidence and stability to a country reeling from last week’s Brexit vote. The home secretary is running as the “safe pair of hands” candidate for the Tory leadership, with allies confident that in uncertain times Tory MPs and activists will prefer her to Boris Johnson, her principal rival. – Financial Times.
L&G sees no Brexit hitch, Rio Tinto exits Papua New Guinea
London open The FTSE 100 is expected to mark a third up-day with a 12 point rise on Thursday morning, according to pre-market trading.
Rio Tinto ends mining involvement in PNG
Rio Tinto said it was ending its involvement with Papua New Guinea by giving up ownership of the Panguna copper mine on Bougainville island.