Legal & General buyback leaves stock near year high as yield gap narrows
Legal & General Group Plc has spent more than a third of its £1.2 billion buyback while its share price stands less than 3% from its year high. For income funds, the price paid in the buyback has become the main near-term number. The London cash session had ended at the dateline. The London Stock Exchange’s normal weekday trading hours are 0800 to 1630 local time.