Legal & General to stop quarterly reporting

The board has decided that ceasing quarterly reporting is in the best long-term interests of the company, shareholders and customers, a London Stock Exchange note said. L&G said its decision would "enhance its communications" with investors and other stakeholders because it will allow the company to better articulate its business strategies and the long-term dynamics of its markets. Legal & General will continue to provide, in conjunction with preliminaries and interims, qualitative updates covering market and company developments. Group CEO Nigel Wilson, pictured, said: "Legal & G...