Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLegal & General Share News (LGEN)

Share Price Information for Legal & General (LGEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 250.00
Bid: 250.40
Ask: 250.60
Change: -1.20 (-0.48%)
Spread: 0.20 (0.08%)
Open: 250.80
High: 253.00
Low: 250.00
Prev. Close: 251.20
LGEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's FTSE gains as miners rally

Thu, 18th Aug 2016 09:10

(ADVISORY- Follow European and UK stock markets in real time onthe Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

* Blue chip FTSE 100 up 0.2 pct

* Dollar falls after U.S. Fed minutes, miners gain

* Kingfisher, Kaz Minerals up after results

By Kit Rees

LONDON, Aug 18 (Reuters) - UK shares rose on Thursday,breaking a two-day losing streak after commodity-related stocksgained on the back of a weaker dollar.

The blue chip FTSE 100 index rose 0.2 percent to6874.03 points by 0858 GMT, in line with the broader risk-onmood across European markets.

The dollar softened after the minutes of the U.S. FederalReserve's July policy meeting showed that policymakers weredivided over whether to raise interest rates soon.

This helped support commodity-related stocks, asdollar-denominated commodities became cheaper for holders offoreign currencies.

Antofagasta, Anglo American, BHP Billiton and Glencore all rose between 2.2 percent and3.5 percent.

"We've had some comments in the minutes from the FederalReserve last night which ... were slightly more dovish thanexpected, so it's actually caused a bit of relief there becausethere were some fears that they were going to hike rates beforethe market's ready," said Jonathan Roy, advisory investmentmanager at Charles Hanover Investments.

The FTSE 100 index, however, was trading below a 14-monthhigh hit earlier in the week, having been supported by the Bankof England's decision to cut interest rates to a record low andby post-Brexit weakness in sterling.

"We've seen a rally very much based on quantitative easingfrom the Bank of England and expectations of maybe furthereasing going forward. However, as this story starts to die out,people are looking for new reasons and new catalysts to actuallypush the market to fresh highs from here," Roy added.

Home improvement retailer Kingfisher advanced 1.8percent after reporting an increase in sales over the threemonths, and said that it had seen no impact yet from Britain'sJune 23 vote to leave the European Union.

Companies trading with entitlement to their latest dividendpayment fell, however, with the likes of Pearson,British American Tobacco and Legal & General all trading in negative territory.

Among the mid-caps, a well-received set of second-quarterresults also boosted the shares of Kaz Minerals, whichjumped nearly 11 percent to touch a 4-month high.

"KAZ's cost-cutting efforts are bearing fruit, which,combined with a weaker tenge, resulted in profits beingpleasingly somewhat ahead of our expectations," Yuen Low,analyst at Shore Capital Markets, said in a note.

(Reporting by Kit Rees; editing by Mark Heinrich)

More News
16 Jan 2023 15:48

L&G plans to vote against Capricorn leadership and NewMed merger

LONDON, Jan 16 (Reuters) - Asset manager Legal & General plans to take the rare step of voting to oust energy group Capricorn's senior leadership and halt its planned merger with NewMed, according to a company document seen by Reuters.

Read more
10 Jan 2023 10:11

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
6 Dec 2022 10:26

LONDON BROKER RATINGS: JPMorgan cuts Lloyds but raises Barclays

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
23 Nov 2022 13:32

Investors back call for UK firms to support low-paid workers

Aviva Investors, LGIM among those to join campaign

*

Read more
21 Nov 2022 10:09

LONDON BROKER RATINGS: Panmure and Goldman Sachs cut boohoo from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
18 Nov 2022 16:58

LONDON MARKET CLOSE: FTSE 100 gains capped by falling oil prices

(Alliance News) - Stock prices in London closed higher on Friday, but falling prices hit oil majors, keeping a lid on the FTSE 100's progress.

Read more
18 Nov 2022 12:18

LONDON MARKET MIDDAY: Stocks pick up and pound firms against dollar

(Alliance News) - Stocks in London were higher by midday on Friday, managing to shake off a gloomy economic backdrop, while the pound got a boost from market acceptance of Thursday's UK government budget.

Read more
18 Nov 2022 09:09

LONDON MARKET OPEN: FTSE 100 looks to end week on high note

(Alliance News) - Stock prices in London opened mixed on Friday, amid economic gloom in the UK, despite new data showing slight improvements in retail sales and consumer confidence.

Read more
18 Nov 2022 08:29

TOP NEWS: Legal & General backs annual profit growth expectations

(Alliance News) - Legal & General Group PLC on Friday said its pension risk transfer business has continued to "perform strongly" with recent new-business wins.

Read more
18 Nov 2022 07:56

LONDON BRIEFING: UK retail sales are better than forecast in October

(Alliance News) - Stock prices in London were called to open slightly higher on Friday, while new data showed UK retail sales performed better than expected last month.

Read more
18 Nov 2022 07:17

Legal & General reiterates guidance amid defined-benefit struggles

(Sharecast News) - Legal & General reiterated its full-year guidance in a trading update on Friday, for operating profit growth in line with the 8% it delivered in the first half, and capital generation of £1.8bn.

Read more
16 Nov 2022 14:25

Britain's insurers become test case for post-Brexit 'unshackling'

LONDON, Nov 16 (Reuters) - The British government and the Bank of England are reforming insurers' capital rules, seen as a post-Brexit test of UK willingness to "unshackle" the City of London after leaving the European Union.

Read more
16 Nov 2022 11:11

Bulkamania: dividend upgrades coming

STOXX 600 down 0.6%

*

Read more
16 Nov 2022 09:26

LONDON BROKER RATINGS: Berenberg raises Kainos to 'buy' from 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
7 Nov 2022 10:01

UK bond turmoil leaves smaller pension schemes with longer-term costs

Smaller schemes may seek more protection with bespoke LDI

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.