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L&G shares jump after report cites CEO saying not considering sale

LONDON, May 14 (Reuters) - Legal and General LGEN.L shares rose almost 5% on Thursday, on track for their biggest one-day jump since December 2024, after the Financial Times report quoted the chief executive as saying the company was not considering a sale.

L&G CEO Antonio Simoes told the FT he was not considering a break-up or sale of the company.

Shares in L&G were last up 4.7%, compared with a 0.95% rise in the FTSE 350 index of insurer stocks .FTNMX303010. They are still down 0.7% for the year.

(Reporting by Sophie Kiderlin; Editing by Amanda Cooper)

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