Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. 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: 231.10
Bid: 231.90
Ask: 232.10
Change: -0.20 (-0.09%)
Spread: 0.20 (0.086%)
Open: 231.20
High: 232.60
Low: 228.70
Prev. Close: 231.30
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 & General the top pick in changing UK life insurance sector, says Berenberg

Thu, 17th Apr 2014 12:51

Berenberg has said that Legal & General remains its 'preferred play' in the life insurance sector following the recent major shake-up of the annuity and savings markets in the UK.The broker called it a "brave new world" for the industry which will be transformed by the end of quasi-compulsory annuitisation, the introduction of a corporate pension fee cap, and the Financial Conduct Authority's inquiry into pre-2000 savings and insurance products. "While the fall-out from the changes will undoubtedly affect sales and sentiment in the near term, this appears to be manageable and, looking further forward, we expect the impact to be more positive. "Having more flexible pensions should encourage longer-term savings volumes, with lower fees adding a positive tailwind. Overall, we expect this to drive an acceleration of the transition towards a low-cost, scale approach, with consolidation likely to follow - we expect the UK insurance and savings landscape to ultimately become a highly regulated, highly commoditised, oligopolistic marketplace."Legal & General, rated 'buy', provides an "attractive entry point" given its recent sell-off, Berenberg said, adding that the company is "well placed to meet the ever-changing UK life insurance landscape".The other key 'buy' in the sector is Prudential due to its Asian growth engine, the broker said.Closed life consolidator Resolution has been raised from 'sell' to 'hold', with "limited downside risk" now seen from the stock's current level. However, Aviva is still rated as a 'sell' by Berenberg given that expectations - especially for dividends - "are getting ahead of themselves". The broker said that the stock is fully valued compared with the sector.A 'hold' recommendation has been left on Phoenix Group and Standard Life, while St James's Place has been kept at 'buy'.BC
More News
5 Jul 2023 08:22

TOP NEWS: Legal & General says on track to achieve five-year plan

(Alliance News) - Legal & General Group PLC on Wednesday set out a confident outlook and said it enjoyed a busy first-half of pension risk transfer dealings.

Read more
5 Jul 2023 07:59

LONDON BRIEFING: L&G confident; Supreme wins "significant" vaping pact

(Alliance News) - Stocks in London are expected to open lower on Wednesday, as investors assess weaker Chinese economic data, and look ahead to the release of the latest US Federal Reserve meeting minutes.

Read more
30 Jun 2023 10:59

UK life insurers' exposure to Thames Water is 'minimal', Citi says

(Sharecast News) - Analysts at Citi pointed out on Thursday that the UK life insurance sector's direct exposure to Thames Water was "minimal".

Read more
20 Jun 2023 08:33

Lab crunch: British science has nowhere to go

OXFORD, England, June 20 (Reuters) - For Ros Deegan, the thrill of raising $100 million to expand a biotech firm among the dreaming spires of Oxford was soon tempered: unable to find a bigger laboratory, she routinely had to work at home.

Read more
15 Jun 2023 17:15

UK's FTSE 100 rises on energy boost; Informa jumps

ECB raises rates by an expected 25 bps

*

Read more
15 Jun 2023 11:12

Legal & General new CEO has "hard act to follow" after Wilson's tenure

(Alliance News) - Legal & General Group PLC on Thursday named its new chief executive, but Antonio Simoes has a "hard act to follow."

Read more
15 Jun 2023 09:15

Legal & General hires Santander's Antonio Simoes as CEO

Simoes will join the company on Jan. 1, 2024

*

Read more
15 Jun 2023 09:10

Santander appoints Castro e Almeida to drive growth in Europe

MADRID, June 15 (Reuters) - Santander said on Thursday it has appointed Pedro Castro e Almeida as regional head for Europe as the Spanish bank bets on this region to drive growth.

Read more
15 Jun 2023 09:00

TOP NEWS: Santander head of Europe to join Legal & General as CEO

(Alliance News) - Legal & General Group PLC on Thursday said Banco Santander SA's regional head of Europe, Antonio Simoes, will join the company as chief executive officer.

Read more
15 Jun 2023 07:52

Santander appoints Pedro Castro e Almeida as Europe's regional head

MADRID, June 15 (Reuters) - Spain's Santander on Thursday announced it appointed Pedro Castro e Almeida as regional head for Europe, replacing Antonio Simoes, who was hired to head Britain's Legal and General Group.

Read more
15 Jun 2023 07:40

Legal & General appoints António Simões as CEO

(Sharecast News) - Legal & General said on Thursday that it has appointed António Simões as chief executive officer.

Read more
6 Jun 2023 12:17

LONDON MARKET MIDDAY: FTSE 100 underwhelms as BP and Shell fall

(Alliance News) - Stock prices in London were lower at midday on Tuesday, with the FTSE 100 hurt by share price falls for oil majors, while a less than stellar reading of the UK retail sector kept a lid on sentiment.

Read more
5 Jun 2023 10:39

Watkin Jones announces forward sale of development in Belfast

(Alliance News) - Watkin Jones PLC on Monday announced the forward sale of Loft Lines, a development site in Belfast, to life insurance and financial services provider Legal & General Group PLC and the Clanmil Housing Association.

Read more
26 May 2023 18:17

Glencore's shareholder opposition to climate report grows

LONDON, May 26 (Reuters) - Just over 30% of Glencore's investors rejected the company's climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions.

Read more
26 May 2023 16:16

Glencore's shareholder opposition to climate report grows

LONDON, May 26 (Reuters) - Just over 30% of Glencore's investors rejected the company's climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions.

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.