Legal & General rises 5%, FTSE insurer in focus going into key week
Legal & General Group Plc closed at 264.8 pence, up 5.4% for the week, after takeover speculation drove sharp gains despite CEO António Simões denying any sale talks. The FTSE 100 fell 1.71% Friday amid political uncertainty and sector bid rumors, including a spike in Hiscox shares on similar reports. L&G declined to comment on the speculation. The company’s buyback program remains its largest to date.