Legal & General were forced to release the figures to the stock exchange, following the mistakenly sent email containing its third quarter update to the Company’s analysts.
The shares are then said to have seen a downfall after the three weeks early release of figures.
“Actual 2009 numbers and a sub-set of working draft third quarter 2010 numbers were inadvertently emailed to several analysts yesterday after 4pm, therefore we have decided to release the actual numbers to the market”, the Company said in a statement to the London Stock Exchange.
Before the opening of the market, there was a need for the market to be aware of the correct numbers, the spokesman of the Company said. In spite of the robust figures, this mistake is said to have sent the shares down 1.2%, or
1.2p to 103.2p.
Eamonn Flanagan, an analyst at UK investment banker Shore Capital commented saying that though the incident was embarrassing but the third quarter 2010 new business figures had made an excellent reading for investors.
There had been a worldwide growth of around 67%, which was accredited to the increases of 65% in the UK and 100% from overseas.
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