London, January 25, 2026, 09:02 GMT — The market has closed.
Legal & General Group Plc (LGEN.L) shares closed Friday nearly flat at 258.2 pence, as the wider London market edged down and investors remained wary of insurers ahead of a week full of rate updates. (Hargreaves Lansdown)
This matters as bond fluctuations are driving much of the action in European financials at the moment. Insurers hold hefty bond portfolios and offer long-term guarantees, so sudden yield shifts can quickly flip market sentiment.
For Legal & General, sensitivity cuts both ways. Rising yields boost pricing on new annuity business, yet they also weigh on the paper value of current holdings and impact key capital metrics investors monitor tightly.
Friday’s trading saw the stock fluctuate between 256.8 pence and 260.4 pence. Around 17.7 million shares were exchanged, based on price data. (Investing)
Legal & General UCITS ETF Plc has rolled out a new L&G MSCI World Mid Cap UCITS ETF, with trading now live on the London Stock Exchange’s main market. (Stockopedia)
European shares fell across the region, ending the week down as investors digested tariff fears sparked by U.S. President Donald Trump’s Greenland threats—even though he later backed off. “We’ve seen a general increase in uncertainty this year,” Michael Field, Morningstar’s chief European equity strategist, told Reuters, noting that investors are “holding back.” (Reuters)
Insurance stocks lagged in that rally, leaving UK firms such as Legal & General caught between long-dated bonds and looming headline risks.
The U.S. Federal Reserve’s policy meeting on January 27-28 remains the key event for global rates, frequently shaping dollar yields and influencing gilt movements. (Federal Reserve)
The Bank of England is set to announce its next rate decision on February 5, with the Bank Rate currently holding steady at 3.75%, per the central bank’s official schedule. (Bank of England)
The situation can turn quickly. Should bond selling intensify or trade news escalate into actual tariffs, the sector’s defensive reputation won’t hold. Insurers could slide alongside the broader market, dividend story aside.
Legal & General’s next major event is its preliminary full-year results announcement on March 11. Investors will be watching closely for details on cash flow, capital, and how retirement and asset management segments are trading. (Legalandgeneral)
