L&G to sell US business in move to slim down and hand cash to shareholders

Quick Summary:

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

L&G sold its UK housebuilder Cala in a £1.4bn deal last year.

The sale is the chief executive’s latest move to slim down the group since joining last year from Spanish bank Santander.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Lee Harris

Category: MarketsFinanceInvesting

Markets: United StatesJapan

Topics: Sale Friday Deal Insurer Financial Stake Simões Cent Meiji Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 10:07:53 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25959040

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 12 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions