Legal & General's Profits Rise, Shares Drop

Legal and Generals shares dropped as profits fell short of expectations, despite a six percent increase from last year. The company announced a share buyback program and dividend increase, but investors were disappointed. Legal and General secured significant pension risk transfer deals, boosting its market position and assets under management. Experts see strong long-term potential, but investors need more convincing. The firm is set to capitalize on growing needs in investments and pensions, with a strong position in the UKs pension risk transfer market. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/eef343da8032dd57