KFY, SHECY and LGGNY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 27, 2023.
GOOD, LGGNY and REYN made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 22, 2024.
HONG KONG (Reuters) -British insurer and asset manager Legal & General has shelved a plan to obtain a China business licence and more than halved onshore headcount, two sources said, joining a list of global financial firms scaling back in an uncertain market. Legal & General (L&G) had been planning to apply for a QDLP (Qualified Domestic Limited Partner) licence that allows foreign firms to sell offshore products to Chinese investors as part of its asset management business push, said the sources, who had direct knowledge of the matter. L&G did not comment on the business licence shelving or the job cuts when Reuters sought a response but said that China remained "an important and large market opportunity for asset management over the long term".