Client Relationship Executive - Charities

DigitalBridge to acquire VodafoneZiggo's mobile tower infrastructure. Published on 09/23/2026 at 12:27 pm EDT By Katherine Hamilton DigitalBridge, along with L&G and TD Asset Management, agreed to acquire VodafoneZiggo's passive mobile tower infrastructure from a subsidiary of Ziggo Group. The business will be combined with Belgium Tower Partners, DigitalBridge's existing tower platform in Belgium. The combined business will create an independent tower platform across Belgium and the Netherlands with more than 6,600 sites. The deal is subject to regulatory approvals and expected to close in early 2027. Write to Katherine Hamilton at [email protected] (END) Dow Jones Newswires 09-23-26 1226ET (C) Dow Jones - 2026

Legal & General to cut 1,000 jobs by mid-2027 to simplify operations. Legal & General is to cut about 1,000 jobs by the middle of next year, around 10 per cent of its workforce, as the FTSE 100 life insurer continues efforts to simplify its operations. António Simões, the chief executive, told staff in an email that the group remained "more complex" than it needed to be and required further simplification to "deliver our strategy successfully". The email was first reported by Bloomberg. In the UK, the next phase of simplification will begin with voluntary redundancies. The asset management unit will be spared any role reductions, having already merged the separate operations within that part of the business. Free newsletters The stories that matter to UK business, straight to your inbox. Shares in L&G, which have risen 24 per cent over the past year, dipped 1[1/2]p, or 0.5 per cent, to 295p. During almost three years in charge, Simões has slimmed down L&G to focus on three divisions: institutional, retail and asset management. The restructuring reduced the group from four divisions to three. The effort has seen the group exit non-core assets, including Cala Homes, the housebuilder it sold to a group of private equity firms for £1.35bn. According to L&G's announcement of the Cala sale, the buyer was Ferguson Bidco, an entity owned by funds managed by Sixth Street Partners and Patron Capital, and the deal was expected to generate cash proceeds of £1.16bn after adjusting for net debt. In his email to employees, Simões said: "Over the past two and a half years, we have made significant progress executing our strategy, simplifying L&G, establishing three core businesses, and creating a more focused business." He added: "However, over the last decade, different structures, processes and ways of working have developed across L&G, making us more complex than we need to be. To deliver our strategy successfully, we now need to make sure the way we work reflects the business we are becoming. Across L&G, we need to change how we work today and, through this, become a leaner organisation." The job cuts follow half-year results in August that exceeded City forecasts. L&G reported a rise in core operating profit across all three of its units, with total core operating profit up 7 per cent to £918m. The company's half-year results statement also showed core operating earnings per share up 11 per cent over the period. L&G said it had bought back shares worth £450m by the end of July, having announced a £1.2bn buyback programme earlier this year. The announcement follows headcount reductions at other financial and professional services firms this year. Last week, KPMG said it would cut about 200 UK advisory roles, citing low staff turnover and weaker corporate spending on consultancy. In March, Octopus Investments said it would cut 20 per cent of its staff, about 130 roles, mainly in back-office functions, as it expanded its use of artificial intelligence to automate routine tasks. The same month, Business Matters reported that HSBC could cut up to 20,000 jobs as it explored automation of back and middle-office roles across its global workforce of about 210,000 people. Amy Ingham. Amy Ingham is a reporter at Business Matters, covering UK business news with a focus on breaking news, business policy, late payments and insolvency. She joined the magazine in 2026 after completing the NCTJ Diploma in Journalism at Harlow College's journalism school. Her recent reporting includes British Steel's nationalisation and its impact on SME suppliers, the decline in late payments by large firms, and Insolvency Service director disqualifications. Reach her at [email protected].

Legal & General plans to cut around 1,000 jobs, roughly 10% of its workforce, as part of a cost-cutting and simplification drive led by chief executive António Simões. The redundancies will initially be voluntary, with mandatory layoffs considered if insufficient staff opt to leave. Since taking over in 2024, Simões has restructured the asset manager by selling its homebuilder Cala Group and merging asset management units. He aims to eliminate complexity that developed across different business structures over the past decade. The cuts reflect efforts to improve performance amid increasing competition in the pensions market. L&G has raised earnings guidance and pledged to return over £5 billion to shareholders between 2025 and 2027. The company's investment management division, overseeing £1.2 trillion in assets, is excluded from the redundancy programme as it undergoes separate restructuring.