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Pin to quick picksLegal & General Share News (LGEN)

Share Price Information for Legal & General (LGEN)

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Share Price: 229.20
Bid: 229.30
Ask: 229.50
Change: -1.20 (-0.52%)
Spread: 0.20 (0.087%)
Open: 230.20
High: 231.60
Low: 228.80
Prev. Close: 230.40
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EU gender price ban boosts UK female retirees-survey

Wed, 09th Jan 2013 15:49

By Myles Neligan LONDON, Jan 9 (Reuters) - A European Union ban on insurerscharging men and women different prices has boosted the incomeof British female retirees, finance data firm Moneyfacts said. The ban has lifted payments for women who hold an annuity -an investment policy that pays retirees a regular income untildeath in return for a lump sum - by 2.9 percent, while paymentsfor men have fallen 2.7 percent, Moneyfacts said on Wednesday. The changes came as insurers complied with the ban byintroducing equal payment rates for men and women, havingpreviously paid women less because they live longer on average. The EU's highest court banned insurers' practice of chargingmen and women different prices as sex discrimination in March2011 after Belgium's consumer association brought a test caseagainst it. The ruling will likely lead to higher insurance costsoverall as insurers probably won't match price increases withequivalent cuts, analysts have said. While the ban has delivered a financial boost to femaleretirees, it is expected to raise car insurance costs foryounger women by up to 40 percent. Women had previously benefited from lower prices than menbecause they are statistically less likely to crash. Annuity income for women still fell 6.1 percent overall lastyear as insurers passed on a drop in the returns they make oninvestments in government bonds, although the decline was lowerthan the 11.5 percent drop absorbed by men, Moneyfacts said. Some analysts warn annuity rates could fall further ifBritain's official inflation rate drops as a result of proposedchanges to way Britain's Retail Price Index is calculated. Alower inflation rate would cut the value of long-datedindex-linked gilts used by insurers to fund annuities payments. The Office of National Statistics is to producerecommendations on how the rate should be calculated onThursday. Britain's biggest annuity providers are Legal & General, Prudential and Aviva.
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17 Feb 2023 00:46

Legal & General sues Glencore for investor losses after corruption fallout -FT

Feb 16 (Reuters) - Asset manager Legal & General filed a lawsuit against Glencore in London's High Court last week over investor losses after the mining and commodities group admitted to multiple bribery offences last year, the Financial Times reported on Thursday.

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15 Feb 2023 09:32

LONDON BROKER RATINGS: Bryan Garnier starts Unilever with 'neutral'

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

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14 Feb 2023 09:08

LONDON BROKER RATINGS: Deutsche Bank double-upgrades easyJet to 'buy'

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

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6 Feb 2023 12:23

CORRECT: Frasers could buy British shopping centres for GBP100 million

(Corrects that Mike Ashley is not the chief executive officer of Frasers.)

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6 Feb 2023 09:32

TOP NEWS: Frasers CEO could buy shop centres for GBP100 million -Press

(Alliance News) - The Times on Saturday reported that Frasers Group PLC Chief Executive Officer Mike Ashley is mulling to buy two shopping centres in Great Britain for a total of GBP100 million.

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31 Jan 2023 09:26

LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17

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

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31 Jan 2023 08:05

Berenberg downgrades L&G and M&G to 'hold'

(Sharecast News) - Analysts at Berenberg downgraded insurers Legal & General and M&G from 'buy' to 'hold' on Tuesday, citing high correlation to credit and the UK economy, as well as a lack of organic growth in the latter's asset-management business.

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30 Jan 2023 17:31

FTSE 100 gains ahead of central bank meetings, Unilever up on new CEO

Unilever names Dutch dairy boss Schumacher as CEO

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30 Jan 2023 17:00

LONDON MARKET CLOSE: Stocks broadly lower with eyes on central banks

(Alliance News) - Stocks in London closed largely lower on Monday as investors looked nervously ahead to looming interest rate decisions from a number of central banks.

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30 Jan 2023 12:14

LONDON MARKET MIDDAY: Stocks fall ahead of busy week for central banks

(Alliance News) - Stock prices in London were down on Monday around midday, as investors anxiously look ahead to three crucial interest rate decisions that will be announced later this week.

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30 Jan 2023 08:57

LONDON MARKET OPEN: 888 boss leaves, Middle East activities suspended

(Alliance News) - Stock prices in London opened lower on Monday morning, amid market caution at the start of an important week for interest rate decisions by the world's top central banks.

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30 Jan 2023 08:28

TOP NEWS: Legal & General Wilson to retire as CEO after over 10 years

(Alliance News) - Legal & General Group PLC on Monday said Chief Executive Nigel Wilson plans to step down, after more than a decade in post.

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30 Jan 2023 08:06

L&G chief executive Nigel Wilson to retire

(Sharecast News) - Legal & General said on Monday that Sir Nigel Wilson is planning to retire after more than a decade as chief executive.

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30 Jan 2023 07:55

LONDON BRIEFING: Unilever hires dairyman as CEO; Wilson to depart L&G

(Alliance News) - Stocks in London are set to open lower on Monday, as investors look ahead to three key interest-rate decisions this week.

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24 Jan 2023 11:45

JPMorgan-backed Smart Pension to raise more than 100 mln stg in equity -sources

LONDON, Jan 24 (Reuters) - Smart Pension, a British pension services provider backed by JPMorgan and Legal & General, is in discussions with investors to raise more than 100 million pounds ($123.13 million) worth of equity capital, two sources close to the matter told Reuters.

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