Legal & General shares tick up as UK inflation steady before BoE
Legal & General Group shares moved up in late quotes on Wednesday, outpacing the broader FTSE 100. Investors were watching after a mild UK inflation reading before the Bank of England rate call. Hargreaves Lansdown priced the shares at 283.30p/283.40p, a gain of 1.60p or 0.57%. The FTSE 100 slipped 0.16%. This shift stands out because Legal & General does more than standard insurance. The business leans on institutional retirement, asset management, insurance and retail retirement. That leaves shares with exposure to rates, annuity appetite and long-term savings. AJ Bell put L&G’s market cap near £15.53 billion and the yield at 7.73%.