Legal & General Share Price Falls Again as Rate Fears Deepen After Earnings Miss
Legal & General shares closed at 236.3p in London Friday, down 2.1% and 15.5% below their Feb. 23 high, after missing profit and solvency targets last week despite a record £1.2 billion buyback. The FTSE 100 fell 1.4% as markets shifted to expect possible Bank of England rate hikes amid renewed inflation fears. CEO António Simões said he was comfortable with the solvency ratio.