On the up: Legal & General

Sunday 05 September 1999

Print
A A A
Related articles
Suggested Topics
SHARES in Legal & General soared by nearly 15 per cent as National Westminster Bank announced that the two companies are in talks which could lead to the takeover of the insurance group.

NatWest, which has 1,730 branches in the UK and six million personal customers, would be buying a life and pension provider which owns a bank and an asset management business. L&G would bring NatWest pounds 93.6bn in managed funds and expand its financial products. It may also help NatWest compete with rivals such as Lloyds TSB Group, which paid pounds 7bn for Scottish Widows Fund & Life Assurance Society in July. Founded in 1836 to serve lawyers, L&G trades at 48 times earnings, making it the most expensive life insurer.

Comments

Independent Comment
blog comments powered by Disqus
News in pictures
World news in pictures
       
SPONSORED FEATURES

Get your summer started with British Military Fitness

BMF is the UK’s biggest and best loved outdoor fitness classes

Visit York Nook Get reading
Prizes & offers Business videos

Visit York

Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world

Military Fitness Nook Get reading
Prizes & offers Business videos

Making reading fun for kids

Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.

Military Fitness Visit York Get reading
Prizes & offers Business videos

Introducing the 'Get Reading' campaign

Get the latest on The Evening Standard's campaign to get London's children reading.

Military Fitness Visit York Nook
Prizes & offers Business videos

Enter the latest Independent competitions

Win anything from gadgets to five-star holidays on our competitions and offers page.

Military Fitness Visit York Nook
Get reading Business videos

Business videos from commercial thought leaders

Watch the best in the business world give their insights into the world of business.

Military Fitness Visit York Nook
Get reading Prizes & offers

Day In a Page

Blue movie wins the Palme D’Or – but will Britain get to see it uncut?

Blue movie wins the Palme D’Or...

... but will Britain get to see it uncut?
Believe the hype: Daft Punk get lucky as album becomes fastest selling of the year

Believe the hype

Daft Punk get lucky as album becomes fastest selling of the year
Child’s view of Burma’s horror: The crayon drawings that reveal the trauma of children forced to flee ethnic violence in Myanmar

Child’s view of Burma’s horror

The crayon drawings that reveal the trauma of children forced to flee ethnic violence in Myanmar
First sight: Arrested Development; Season 4, Episode 1 Netflix

First sight: Arrested Development; Season 4

First sight: Arrested Development; Season 4
Kids would be magic, says Daniel Radcliffe – and he’d like to play Potter Senior

Kids would be magic, says Daniel Radcliffe – and he’d like to play Potter Senior

But 23-year-old star says he’s had enough of his most famous role
Kawaii: Going crazy for cute the Japanese way

Going crazy for cute the Japanese way

Kawaii, or a love of the adorable, is huge in Japan – and it’s big here too
There’s a hole in cyberspace where Sally Bercow used to tweet

Social media warning

There’s a hole in cyberspace where Sally Bercow used to tweet
Champions League Final: Can Bayern Munich now forge an era of dominance?

Can Bayern Munich now forge an era of dominance?

No team in the modern era has defended the European Cup. That is the Germans' challenge
Sam Wallace: Forget the Golden Generation, it's the Next Generation that's a worry

Sam Wallace on the Three Lions

Forget the Golden Generation, it's the Next Generation that's a worry
Kevin Garside: What we need is a golf-for-all tsar to take the game to the streets

Kevin Garside

What we need is a golf-for-all tsar to take the game to the streets
Andrew Mitchell: 'It's no good feeling hard done by'

Andrew Mitchell: 'It's no good feeling hard done by'

In his first interview since 'plebgate', the former Chief Whip opens up just enough to concede that, in politics, you have to take the rough with the smooth
Corruption and the FCO: Blue skies, white sands, dark clouds

Corruption and the FCO: Blue skies, white sands, dark clouds

Special report: Met police call for criminal inquiry into former diplomat's Cayman Islands rule
Fallen angel: Winona Ryder on bouncing back from her decade in the wilderness

Fallen angel: Winona Ryder bounces back

She owned the 1990s... but then she disappeared. Now, Ms Ryder is back with quite the bang in her latest role, as the wife of a notorious real-life Mob hitman.
Roman Polanski shakes Cannes Film Festival

Roman Polanski shakes Cannes Film Festival

The director's new film, 'Venus in Fur', is one of the raciest on offer
Rev Richard Coles: 'I don’t have any concerns that God is cross with me for being gay and eventually the Church won’t either'

Rev Richard Coles on the Church and homosexuality

The mellifluous, erudite and witty Coles is the nation's most pop-culture-friendly priest