Standard Life shares jump, but L&G falls 5% on mixed results

Both reported H1 results this morning

Laura Dew
Standard Life shares jump, but L&G falls 5% on mixed results

It was a mixed morning for financials today with Standard Life up 4% while Legal & General saw its shares fall nearly 5% after both firms revealed their first-half results.

Shares in Standard Life were up 4.3% at 332p in mid-morning trading after the firm's results after the firm reported an 18% jump in profit to £341m, despite uncertain economic conditions. Its investment arm, Standard Life Investments, has also remained resilient, with overall inflows of £1.6bn in the first half of the year, though the wholesale business saw redemptions of £400m.  However, peer Legal & General received a less positive response following its own results this morning, after reporting a mixed picture, with shares down 4.9% at 207.5p to make it the biggest faller in the bl...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on UK

Link Group now expects headline dividend growth of 2.4% to £96.3bn in 2022.

UK dividends jump to £37bn in Q2 as the pound stumbles

Second-largest payout on record

clock 26 July 2022 • 2 min read
Chris Brightman is the CIO and CEO of Research Affiliates

Research Affiliates: Real interest rates will remain higher even after inflation is tamed

Tougher conditions for capital markets

clock 22 July 2022 • 4 min read
The survey found that UK equities remain the most popular asset class

Fund investor sentiment falls to record low

Lower than Q3 2020

Elliot Gulliver-Needham
clock 20 July 2022 • 1 min read