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Legal & General reports 6% profit rise, plans major shareholder returns, but faces share price dip.
Legal & General, a UK financial services firm, reported a 6% rise in core profits for 2024 and plans to return over £5 billion to shareholders through dividends and buybacks over three years.
The company has sold its housebuilding and US protection divisions to focus on retirement, asset management, and retail pensions.
Despite posting strong financial results, its shares fell slightly on the dividend hike announcement.
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Legal & General informa un aumento del 6% de los beneficios, planea importantes rendimientos de los accionistas, pero se enfrenta a la baja de precios de acciones.