Legal & General (LSE:LGEN) shares climbed almost 5% on Thursday, putting the stock on course for its strongest single-day gain since December 2024 after chief executive Antonio Simoes dismissed speculation surrounding a potential sale of the company.
According to a report by the Financial Times, Antonio Simoes said the insurer was not considering either a break-up or a sale of the business.
The comments appeared to reassure investors following market speculation over possible restructuring options or corporate activity involving the group. The sharp rise in the share price reflected renewed confidence after management publicly ruled out strategic disposal discussions.
More about Legal & General
Legal & General is a UK-based financial services group specialising in insurance, pensions, investment management and retirement solutions. The company is one of the largest institutional asset managers in Europe and has significant operations across retirement income, workplace pensions and long-term savings markets.
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