Insurance giant L&G saw half year operating profit in the division that runs its housing business fall by almost a third in the wake of the coronavirus lockdown, it said today.

The business said that its Legal & General Capital (LGC) division, principally made up of its investments in housing, commercial real estate and smart cities, fell to £123m for the six months to the end of June, down 29% from £173m at this time last year.

…