Standard Life shares jump, but L&G falls 5% on mixed results

Both reported H1 results this morning

It was a mixed morning for financials today with Standard Life up 4% while Legal & General saw its shares fall nearly 5% after both firms revealed their first-half results.

Shares in Standard Life were up 4.3% at 332p in mid-morning trading after the firm's results after the firm reported an 18% jump in profit to £341m, despite uncertain economic conditions. Its investment arm, Standard Life Investments, has also remained resilient, with overall inflows of £1.6bn in the first half of the year, though the wholesale business saw redemptions of £400m.  However, peer Legal & General received a less positive response following its own results this morning, after reporting a mixed picture, with shares down 4.9% at 207.5p to make it the biggest faller in the bl...