Legal & General posts £1.5bn loss, cuts dividend

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Legal & General posts £1.5bn loss, cuts dividend

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03-30-2009, 02:48 PM

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Legal & General posts £1.5bn loss, cuts dividend

Legal & General has cut its final dividend for the first time in living memory following a £1.5 billion pre-tax loss, compared to an £848 million profit in 2007.The UK’s fourth largest insurer slashed its dividend in half to 2.05p per share in a bid to preserve capital strength.The cut will save the company £120 [...]

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