Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. The Company’s segments include: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI) and Savings. The Company operates its businesses in the United Kingdom, the United States and other countries across the world through its subsidiaries and associates. The Company offers products, including annuity contracts; longevity insurance contracts; lifetime mortgages; index fund management; active fixed income and liquidity management; solutions and liability driven investment (LDI); active equity; investment strategy and implementation; direct investments and structuring; pensions (individual and corporate); endowment policies, and participating contracts.
Kao Data, Legal & General’s datacentre business, receives £120m expansion boost from Infratil Infratil announced today it has agreed to invest up to £120-130 million in Kao Data, a leading UK developer and operator of advanced data centres for high performance colocation. Since commencing operations in 2018, Kao Data has created world-class digital infrastructure systems that deliver high performance colocation services for enterprise, cloud, HPC and AI organisations. Kao Data owns a 15-acre data centre campus, built on the site of Sir Charles Kao’s pioneering discovery of the fibre optic cable in 1966. It is located in the UK Innovation Corridor, one of the country’s fastest-growing economic regions between London and Cambridge. Its campus is an ultra-sustainable and carrier-neutral development that once fully operational, will become home to four energy efficient data centres, all powered by 100% renewable energy. Construction of its second building will begin later this financial year. As part of its continued expansion, Kao Data has recently signed an agreement to acquire two UK prime location data centres with a long-term anchor lease from a large financial services business. This purchase will enable Kao Data to deliver multi-site services for its clients and expand potential capacity to c. 55MW, while delivering long-term trusted operations for clients' mission-critical infrastructure. Infratil's initial investment will fund this growth, after which Infratil will hold 40% of Kao Data, alongside current shareholders, Legal & General Group, one of Europe’s largest asset managers and Goldacre, founder of Kao Data and part of Noé group. Morrison & Co has deep investment and operating experience in digital infrastructure, managing investments in businesses such as Vodafone New Zealand, Fore Freedom, and CDC Data Centres. Morrison & Co is actively growing its European investment portfolio with current equity investments in water, energy distribution, renewable energy, transport and digital infrastructure. https://www.legalandgeneralgroup.co...-receives-120m-expansion-boost-from-infratil/
Pod Point, which provides charging stations for electric vehicles (EVs) in the UK, has announced plans to list on the London Stock Exchange. The charging firm, which is majority owned by French energy utility EDF (EDF.PA), said on Monday that it is looking at a premium listing with a free float of at least 25%, as it aims to capitalise on the shift away from petrol and diesel cars. The offer will compromise the sale of new shares and some by existing shareholders, including Legal and General Capital Investments (LGEN.L), it said. EDF, which owns a 78% stake, will maintain a holding of more than 50% after the float, while Legal & General will keep a minority shareholding. Pod Point did not provide any further details on how much it is seeking to raise, nor did it indicate when the potential initial public offering (IPO) is expected. Pod Point, which provides charging stations for electric vehicles (EVs) in the UK, has announced plans to list on the London Stock Exchange. The charging firm, which is majority owned by French energy utility EDF (EDF.PA), said on Monday that it is looking at a premium listing with a free float of at least 25%, as it aims to capitalise on the shift away from petrol and diesel cars. The offer will compromise the sale of new shares and some by existing shareholders, including Legal and General Capital Investments (LGEN.L), it said. EDF, which owns a 78% stake, will maintain a holding of more than 50% after the float, while Legal & General will keep a minority shareholding. Pod Point did not provide any further details on how much it is seeking to raise, nor did it indicate when the potential initial public offering (IPO) is expected. https://finance.yahoo.com/news/ipo-...ans-list-london-stock-exchange-110010141.html
Legal & General Investment Management (LGIM) has today launched the L&G India INR Government Bond UCITS ETF (the “ETF”). The ETF is the first in Europe to provide dedicated exposure to India government bonds, a convenient and transparent way for UK and European investors to access the country’s growing local-currency government bond market. The Fund is listed on the London Stock Exchange (LSE), Deutsche Börse and Borsa Italiana. It will seek to track the performance of the JP Morgan India Government Fully Accessible Route (FAR) Bonds Index. The ETF can provide investors with: • access to a sovereign bond market that has expanded rapidly in recent years and is expected to continue growing due to positive structural trends • exposure to an investment-grade market with a significantly higher yield than developed market treasuries, and a historically attractive risk/return profile • potential diversification benefits from other fixed-income markets given the historically low correlation between local-currency Indian bonds and other emerging and developed-market debt, and • a liquid, transparent and convenient way to allocate to a bond market and currency that have historically been difficult for international investors to trade. https://group.legalandgeneral.com/e...rst-local-currency-india-government-bond-etf/
