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BUZZ-Legal & General: H1 results beat expectations

Reuters - UK Focus

** Insurer's shares up 3.4 pct, largest gainer on FTSE 100 after reporting a better-than-expected 18 pct rise in H1 operating profit

** Profit helped by strong performance in bulk annuity market

** Stock third-largest gainer on pan-European benchmark Stoxx 600 and the largest gainer on Stoxx 600 Insurance Index

** Barclays (LSE: BARC.L - news) raises PT to 292p from 289p, keeps "overweight" rating

** Co is "best placed insurer to take advantage of what we see as one of the most attractive insurance markets in the UK, the bulk annuity market", Barclays analysts say

** Peer Standard Life reported results on Tuesday hurt by a drop in sales of fixed-rate annuities, sending shares down 3.3 pct (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)