Legal & General (L&G) has reported a jump in pre-tax profits and cash reserves and is eyeing further 'selective acquisitions' following its purchase of Cofunds last year.
L&G's net cash pile has tripled since the financial crisis, growing from £320m in 2008 to £1bn in 2013. It used some of that war chest to purchase platform Cofunds last year, and has already sna...
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