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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: 248.60
Bid: 248.60
Ask: 248.80
Change: -3.80 (-1.51%)
Spread: 0.20 (0.08%)
Open: 250.30
High: 250.60
Low: 247.10
Prev. Close: 252.40
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Legal and General posts 18% rise in first-half operating profit, lifts dividend

Wed, 05th Aug 2015 08:11

(ShareCast News) - Insurer Legal & General posted a 6% rise in first-half pre-tax profit and an 18% increase in operating profit on the back of strong organic growth in the UK and US, as it raised its interim dividend despite a fall in annuities.Pre-tax profit for the six months ended 30 June came in at £672m from £636m in the first half of last year, while operating profit was £750m, up from £636m. Net cash generation grew 11% to £629m and the interim dividend was lifted by 19% to 3.45p per share from 2.90p.The growth came despite a 62% drop in annuity sales to £1.3bn from £3.5bn in the same period of last year, as a result of changes to UK pension rules which mean pensioners have more freedom over how they choose to invest their savings.Chief executive Nigel Wilson said: "Legal & General continues to deliver strong organic growth in the UK and the US from both our developing and established, market leading businesses. In addition we are disposing of, or closing non-core businesses and reducing costs in real and nominal terms."The actions that we are taking allow us to focus on our chosen markets, enable us to continue to deliver low prices and better value for our increasing customer base and deliver attractive returns for our shareholders."The company said it was on track to deliver £80m in savings in 2015 and remains confident in delivering the operational cash guidance given at the time of the 2014 full-year results.Nomura said the results were "strong" with beats across the board. It said net cash generation was 4% higher than consensus expectations, while operating profit was 8% ahead and the interim dividend came in 3% higher than expected. The bank reiterated its 'buy' rating on the stock and said L&G's dividend growth story is intact. At 09:07, shares were up 2.9% at 271p.
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Today 12:53

Aviva hires former L&G general insurance CEO as non-executive director

(Alliance News) - Aviva PLC on Wednesday said it has appointed the former chief executive officer of Legal & General Group PLC's general insurance arm as a non-executive director.

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16 May 2024 15:46

UK shareholder meetings calendar - next 7 days

Friday 17 May 
Bank of Cyprus Holdings PLCAGM
Central Asia Metals PLCAGM
Quantum Exponential Group PLCGM re potential substantial investment in company
Monday 20 May 
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Harworth Group PLCAGM
Hilton Food Group PLCAGM
Itaconix PLCAGM
Malvern International PLCAGM
Windward LtdAGM
Revolution Bars Group PLCGM re fundraising
Tuesday 21 May 
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Centamin PLCAGM
Coca-Cola HBC AGAGM
Dowlais Group PLCAGM
Empresaria Group PLCAGM
Equals Group PLCAGM
Fintel PLCAGM
Forterra PLCAGM
Gamma Communications PLCAGM
GetBusy PLCAGM
HydrogenOne Capital Growth PLCAGM
Impact Healthcare REIT PLCAGM
IWG PLCAGM
JTC PLCAGM
K3 Business Technology Group PLCAGM
M&G Credit Income Investment Trust PLCAGM
Metro Bank Holdings PLCAGM
Portmeirion Group PLCAGM
Riverstone Energy LtdAGM
Shell PLCAGM
Sherborne Investors (Guernsey) C LtdAGM
TBC Bank Group PLCAGM
Trustpilot Group PLCAGM
US Solar Fund PLCAGM
Wednesday 22 May 
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Boku IncAGM
Empiric Student Property PLCAGM
Invinity Energy Systems PLCGM re placing of shares
M&G PLCAGM
Mindflair PLCGM
NIOX Group PLCAGM
PPHE Hotel Group LtdAGM
Riverstone Credit Opportunities Income PLCAGM
Spirent Communications PLCGM re Keysight takeover offer
Staffline Group PLCAGM
Stelrad Group PLCAGM
VH Global Sustainable Energy Opportunities PLCAGM
Zotefoams PLCAGM
Thursday 23 May 
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Bakkavor Group PLCAGM
Bank of Ireland Group PLCAGM
Capricorn Energy PLCAGM
Crossword Cybersecurity PLCAGM
Deliveroo PLCAGM
Energean PLCAGM
Essentra PLCAGM
Ferrexpo PLCAGM
Headlam Group PLCAGM
Hill & Smith PLCAGM
Indivior PLCGM re seeking primary US listing
Inspirit Energy Holdings PLCAGM
Legal & General Group PLCAGM
Life Science REIT PLCAGM
N4 Pharma PLCAGM
Norman Broadbent PLCAGM
Petershill Partners PLCAGM
Prudential PLCAGM
Quilter PLCAGM
Regional REIT LtdAGM
Resolute Mining LtdAGM
Rolls-Royce Holdings PLCAGM
Sabre Insurance Group PLCAGM
Shaftesbury Capital PLCAGM
Spectris PLCAGM
Strip Tinning Holdings PLCAGM
Yu Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

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25 Apr 2024 13:55

Anglo American shareholder Redwheel joins LGIM against BHP proposal

LONDON, April 25 (Reuters) - Anglo American investor Redwheel said on Thursday the buyout proposal from BHP Group "does not reflect the value" in the London-listed miner's assets or growth pipeline, as shareholders begin to speak out against a merger.

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25 Apr 2024 13:19

Anglo shareholder LGIM says BHP approach "unattractive"

LONDON, April 25 (Reuters) - Legal & General Investment Management, one of the 20 largest shareholders in Anglo American said an approach by BHP Group is "highly opportunistic" and "unattractive".

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18 Apr 2024 14:12

UK dividends calendar - next 7 days

Friday 19 April 
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FW Thorpe PLCdividend payment date
Heavitree Brewery PLCdividend payment date
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JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Palace Capital PLCdividend payment date
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Monday 22 April 
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Tuesday 23 April 
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Invesco Asia Trust PLCdividend payment date
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Pinewood Technologies Group PLCex-dividend payment date
Wednesday 24 April 
Conduit Holdings Ltddividend payment date
Thursday 25 April 
abrdn Asian Income Fund Ltdex-dividend payment date
AVI Japan Opportunity Trust PLCex-dividend payment date
Bakkavor Group PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Bodycote PLCex-dividend payment date
Cairn Homes PLCex-dividend payment date
Central Asia Metals PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
ConvaTec Group PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
Derwent London PLCex-dividend payment date
Eurocell PLCex-dividend payment date
Foresight Solar Fund Ltdex-dividend payment date
Greggs PLCex-dividend payment date
Hansard Global PLCdividend payment date
Harworth Group PLCex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
HSBC Holdings PLCdividend payment date
Invesco Select Trust PLC Global Equity Income ex-dividend payment date
Invesco Select Trust PLC UK Equity ex-dividend payment date
JPMorgan Claverhouse IT PLCex-dividend payment date
Legal & General Group PLCex-dividend payment date
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Morgan Advanced Materials PLCex-dividend payment date
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Shaftesbury Capital PLCex-dividend payment date
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Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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LONDON MARKET OPEN: FTSE 100 rises; JD Sports jumps as affirms outlook

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22 Mar 2024 07:21

Legal & General scales back China plans - report

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LONDON BRIEFING: Astra makes USD1.05 billion buy; Halma backs outlook

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London close: Stocks finish higher after Hunt's Spring Budget

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