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Pin to quick picksLegal & General Share News (LGEN)

Share Price Information for Legal & General (LGEN)

London Stock Exchange
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Share Price: 261.50
Bid: 261.40
Ask: 261.60
Change: -8.20 (-3.04%)
Spread: 0.20 (0.08%)
Open: 263.40
High: 266.70
Low: 259.20
Yest. Close: 269.70
LGEN Live PriceLast checked at -

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MARKET COMMENT: Annuity Providers, Betting Firms Hit By UK Budget

LONDON (Alliance News) - London's blue-chip and mid-cap indexes closed lower Wednesday as annuity providers and betting companies were hard hit by Chancellor of the Exchequer George Osborne's changes to pension rules and a hike to gaming machine duty<br /><br />The FTSE 100 closed down 0.5% at

19 Mar 14 17:27

London close: Impact of Budget felt on FTSE

- FTSE closes down 32 points at 6,573 - Focus on Budget, unemployment remains unchanged - Jan Eurozone construction output up by 1.5 per cent techMARK 2,818.76 +0.56% FTSE 100 6,573.13 -0.49% FTSE 250 16,338.84 -0.09% UK stocks finished today's busy session in the red as investors digested the Ch

19 Mar 14 16:59

British government shakes up pensions and savings

* Budget measures include relaxation of annuity rules * Tax-free savings limit raised * Insurers see shares slide, Hargreaves Lansdown jumps By Jemima Kelly LONDON, March 19 (Reuters) - British savers will be given more access to their pension pots and allowed to put away

19 Mar 14 16:56

2ND UPDATE: UK Pensioners Won't Have To Buy Annuities Says Chancellor

LONDON (Alliance News) - Shares in UK annuity providers plummeted Wednesday after Chancellor of the Exchequer George Osborne did away with compulsory annuities, giving people far more control and flexibility over how they manage their pension pots as they plan for retirement. Legal & Genera

19 Mar 14 16:36

Legal & General says annuity changes will have 'far-reaching consequences'

FTSE 100 Legal & General (L&G) on Wednesday issued a statement admitting that the changes to the annuity market announced in Chancellor George Osborne's Budget would have 'far-reaching consequences'. The group said the impact would be felt in the accumulation and decumulation of pension savings for

19 Mar 14 16:06

Osborne unveils radical changes to UK pensions

Shares of Hargreaves Lansdown are at the top of the leaderboard, after the Chancellor today announced that savers will soon benefit from a new breed of tax-free ISAs. From July 1st 2014 investors will be able to put up to £15,000 pounds worth of stocks or bonds into what have been denominated as Ne

19 Mar 14 15:55

UPDATE: UK Pensioners Won't Have To Buy Annuities Says Chancellor

LONDON (Alliance News) - Shares in UK annuity providers plummeted Wednesday after Chancellor of the Exchequer George Osborne did away with compulsory annuities, giving people far more control and flexibility over how they manage their pension pots as they plan for retirement. Legal & Genera

19 Mar 14 15:49

FTSE 100 movers: Resolution falls on broker downgrade

Legal and General fell sharply after Osborne announced in today's Budget that there will be a "radical change" to the pension system, as a result of which half a million people will no longer have to buy an annuity, Elissa Bayer, Senior Investment Director at Investec Wealth & Investment explained.

19 Mar 14 15:45

UK Pensioners Won't Have To Buy Annuities Says Chancellor

LONDON (Alliance News) - Shares in UK annuity providers plummeted Wednesday after Chancellor of the Exchequer George Osborne did away with compulsory annuities, giving people far more control over how they manage their pensions as they plan for retirement. Legal & General Group PLC saw its

19 Mar 14 15:20

MARKET COMMENT: Annuity Providers Plummet On Osborne Tax Shake-Up

LONDON (Alliance News) - The FTSE 100 and FTSE 250 indexes have fallen in the wake of George Osborne's 2014 UK budget, with annuity providers and the traditional betting companies coming under pressure after a shake up of pension rules and a rise in gaming machine duties. The FTSE 100 is do

19 Mar 14 15:08

UK insurers slide on govt plans to scrap annuity rule

LONDON, March 19 (Reuters) - UK insurance companies were hit on Wednesday by government plans to scrap a requirement that pension savings be used to buy an annuity. Legal & General, Aviva, Standard Life and Prudential were all down between 2.5 percent and 8 percent after UK finance ministe

19 Mar 14 14:16

Sector movers: Housing stocks rise, insurers fall after Budget

Household goods and home construction stocks were making gains on Wednesday in the aftermath of George Osborne's 2014 Budget, in which he unveiled a number of stimulus measures to boost activity in the housing market. However, the life insurance sector was trading in the red as investors reacted ne

19 Mar 14 14:03

Wednesday newspaper round-up: Bank of England, Protectionism, Listings

The central bank must focus on both financial stability and inflation. To concentrate just on the latter could turn into a dangerous distraction. In particular, officials must watch against excessive risk-taking amidst an environment of predictably low interest rates, as occurred before the last fin

19 Mar 14 07:08

DIRECTOR DEALINGS: Smith & Nephew Executive Exercises Options, Sells Shares

LONDON (Alliance News) - Smith & Nephew PLC Tuesday said Chief Legal Officer John Campo exercised options over 50,000 shares at an exercise price of 547 pence per share under the company share plan Monday and sold the shares at 927.5 pence each. Following this transaction, Campo holds 116,3

18 Mar 14 13:02

Insurer L&G makes $420 mln UK housing investment

LONDON, March 17 (Reuters) - British insurer Legal & General Group Plc (L&G) has bought a portfolio of low-cost housing for 252 million pounds ($419 million), continuing an investment drive into UK infrastructure. The investment is in tune with British government policy to court private-sec

17 Mar 14 12:56

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