Insurance giant grows ahead of guidance, reporting £2,5bn in profit

Legal & General on 8 March posted an operating profit beat for 2022, and said it is highly confident in its strategy to continue to deliver growth.

The FTSE 100-listed insurance company reported an operating profit of £2.52bn for the year ended 31 December, ahead of the £2.45bn expected by a company-compiled consensus.

Legal & General beats profit forecast and hikes dividend

Elena Vardon

Legal & General

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The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

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Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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