Legal & General rises 5%, FTSE insurer in focus going into key week
Legal & General Group Plc finished the week at 264.8 pence, gaining 5.4% on the week. The move follows takeover speculation that stirred up activity in the FTSE 100 insurer even as the London market went into the weekend. Shares added 0.38% on Friday after jumping 6.16% Thursday. L&G shares jumped over 5% on Thursday, after the Financial Times reported there could be buyer interest, Reuters said. The move didn’t follow a fresh trading update. The FT quoted CEO António Simões saying L&G was not considering a sale. L&G wouldn’t comment to Reuters.