Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

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: 248.60
Bid: 247.60
Ask: 247.70
Change: -3.80 (-1.51%)
Spread: 0.10 (0.04%)
Open: 250.30
High: 250.60
Low: 247.10
Prev. Close: 252.40
LGEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
6 Mar 2024 08:40

TOP NEWS: L&G prepares for strategic revamp after profit shortfall

(Alliance News) - Legal & General Group PLC's new chief executive on Wednesday flagged a fresh start for the insurer after operating profit in 2023 fell short of market estimates.

Read more
6 Mar 2024 07:25

L&G posts below-forecast operating profits

(Sharecast News) - UK insurer Legal & General posted lower-than-expected operating profits last year amid tough market conditions.

Read more
1 Mar 2024 16:14

PRESS: Legal & General hires advisers ahead of new strategic push

(Alliance News) - Legal & General Group PLC has hired new advisers to help recently appointed Chief Executive Antonio Simoes with a strategic overhaul, Reuters reported on Friday.

Read more
28 Feb 2024 15:47

UK earnings, trading statements calendar - next 7 days

Thursday 29 February 
Cairn Homes PLCFull Year Results
CVS Group PLCFull Year Results
Drax Group PLCFull Year Results
Haleon PLCFull Year Results
Hammerson PLCFull Year Results
Howden Joinery Group PLCFull Year Results
Hunting PLCFull Year Results
International Biotechnology Trust PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
London Stock Exchange Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Man Group PLCFull Year Results
Mobico Group PLCFull Year Results
Nexus Infrastructure PLCFull Year Results
Ocado Group PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder Oriental Income Fund LtdFull Year Results
Schroders PLCFull Year Results
Serco Group PLCFull Year Results
Shaftesbury Capital PLCFull Year Results
Spectris PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Vesuvius PLCFull Year Results
Weir Group PLCFull Year Results
Friday 1 March 
IMI PLCFull Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Monday 4 March 
Clarkson PLCFull Year Results
Craneware PLCHalf Year Results
GlobalData PLCFull Year Results
Quartix Technologies PLCFull Year Results
Tuesday 5 March 
Ashtead Group PLCQ3 Results
Bakkavor Group PLCFull Year Results
Beeks Financial Cloud Group PLCHalf Year Results
Blackbird PLCFull Year Results
Dotdigital Group PLCHalf Year Results
Ferguson PLCHalf Year Results
Foxtons Group PLCFull Year Results
Fresnillo PLCFull Year Results
Greggs PLCFull Year Results
Headlam Group PLCFull Year Results
Inchcape PLCFull Year Results
Intertek Group PLCFull Year Results
IWG PLCFull Year Results
Johnson Service Group PLCFull Year Results
Keller Group PLCFull Year Results
Reach PLCFull Year Results
Rotork PLCFull Year Results
SIG PLCFull Year Results
Somero Enterprises IncFull Year Results
STV Group PLCFull Year Results
Travis Perkins PLCFull Year Results
XP Power LtdFull Year Results
Wednesday 6 March 
Breedon Group PLCFull Year Results
Capita PLCFull Year Results
ConvaTec Group PLCFull Year Results
DS Smith PLCTrading Statement
Galliford Try Holdings PLCHalf Year Results
Greencoat Renewables PLCFull Year Results
Ibstock PLCFull Year Results
Lancashire Holdings LtdFull Year Results
Legal & General Group PLCFull Year Results
Netcall PLCHalf Year Results
Nexxen International LtdFull Year Results
Nichols PLCFull Year Results
Quilter PLCFull Year Results
Rathbones Group PLCFull Year Results
Ricardo PLCFull Year Results
Spirent Communications PLCFull Year Results
TClarke PLCFull Year Results
Tullow Oil PLCFull Year Results
CLS Holdings PLCFull Year Results
  
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.

Read more
22 Feb 2024 18:45

EXECUTIVE CHANGES: M&C Saatchi hires Channel 4 marketing chief as CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

Read more
22 Feb 2024 09:49

LONDON BROKER RATINGS: Berenberg raises Moneysupermarket.com to 'buy'

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

Read more
20 Feb 2024 09:40

LONDON BROKER RATINGS: JPMorgan cuts Airtel Africa price target by 28%

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

Read more
12 Feb 2024 09:41

LONDON BROKER RATINGS: Deutsche Bank starts Deliveroo at 'buy'

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

Read more
9 Feb 2024 15:15

London close: Stocks turn sour in afternoon trading

(Sharecast News) - London's markets turned lower on Friday afternoon, concluding a volatile week on a negative note.

Read more
9 Feb 2024 08:05

Citi puts Legal & General on 'negative catalyst watch' ahead of results

(Sharecast News) - Legal & General was under the cosh on Friday as Citi cut its 2023 earnings per share estimates and opened a 30-day 'negative catalyst watch' on the shares ahead of full-year results on 6 March.

Read more
19 Jan 2024 15:17

London close: Stocks mixed for third straight week of losses

(Sharecast News) - London stocks ended the trading session on Friday with a dip in performance, after disappointing retail sales figures had a downward impact on the value of the pound.

Read more
19 Jan 2024 09:28

LONDON BROKER RATINGS: BofA cuts Pearson, raises Just Eat Takeaway

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

Read more
19 Jan 2024 09:16

JP Morgan backs Legal & General, Just Group

(Sharecast News) - JP Morgan has reiterated its ratings on Legal & General Group and Just Group in its latest review of the UK life insurance sector.

Read more
17 Jan 2024 09:10

LONDON BROKER RATINGS: UBS cuts Shell, Admiral and M&G to 'neutral'

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

Read more
16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

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.