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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: 252.80
Bid: 252.20
Ask: 252.30
Change: -1.90 (-0.75%)
Spread: 0.10 (0.04%)
Open: 254.20
High: 254.50
Low: 250.70
Prev. Close: 254.70
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Legal & General tops £4bn sales in first half as lifetime mortgages bloom

Thu, 30th Jun 2016 07:11

(ShareCast News) - Legal & General said it made £4bn of sales across bulk annuities, individual annuities and lifetime mortgages in the first half of the year.The FTSE 100 group, in its second post-Brexit statement, reassured that it had felt little disruption from the uncertainty around the EU Referendum example and in June carried out around £250m in new bulk annuity transactions.Added to the £2.9bn portfolio purchase from Aegon in May, this lifted annuity business in the half to £3.6bn compared to £2.4bn in the same period last year.L&G said it now provides more lifetime mortgages to its customers than individual annuities, after entering the market last year, and expects this trend to accelerate as more baby boomers retire and choose to access their housing wealth to help fund their retirement, instead of buying an individual annuity.Lifetime mortgage sales topped £200m in the half, surpassing the full year figure for 2015, as well as being greater than total individual annuity sales in the first half 2016.Bernie Hickman, CEO of Legal & General Home Finance, added: "Legal & General entered the lifetime mortgage market last year."Our lowest interest rate on lifetime mortgages is now below 5%, and we have recently been awarded Lifetime Mortgage Lender of the year.Hickman said individual annuities "still have their place", but customers now were demanding more choice in how they fund their retirement.
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25 Apr 2023 17:58

Top US banks face little investor pressure on fossil-fuel financing

April 25 (Reuters) - Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the lenders to wind down new fossil fuel financing, setbacks for climate activists who had hoped for new constraints on the oil and gas industries.

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25 Apr 2023 11:00

Top US banks face calls to wind down fossil-fuel financing

April 25 (Reuters) - Three large US banks face shareholder calls on Tuesday to wind down fossil fuel financing, a balancing act for them and their top investors who are also under political pressure from the other side to maintain support of the oil and gas industries.

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20 Apr 2023 15:46

UK dividends calendar - next 7 days

Friday 21 April 
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Monday 24 April 
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Wednesday 26 April 
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Thursday 27 April 
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17 Apr 2023 07:05

Investors to urge UK firms to protect low-paid workers

Low paid disproportionately hit by high inflation

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14 Apr 2023 23:00

Investors to urge UK firms to protect low-paid workers

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14 Apr 2023 13:43

Major investors back Hammerson in row with Lighthouse

(Sharecast News) - Two major investors have come out in support of shopping centre owner Hammerson amid demands from its biggest shareholder to speed up asset sales and resume dividend payments.

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13 Apr 2023 14:10

L&G's fund arm to back climate votes at U.S., Canadian banks

Backs time-bound fossil fuel phase out at six banks

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13 Apr 2023 11:14

L&G's fund arm to back climate votes at U.S., Canadian banks

Backs time-bound fossil fuel phase out at six banks

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30 Mar 2023 08:49

BlackRock calls on clients to rethink hedging strategy after UK pension crisis

LONDON, March 30 (Reuters) - BlackRock's liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it tries to cut the complexity and risks of a strategy that imploded last year.

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9 Mar 2023 09:15

LONDON BROKER RATINGS: Liberum cuts National Express to 'sell'

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8 Mar 2023 17:30

FTSE 100 inches up as investors assess Powell's comments; Hiscox gains

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8 Mar 2023 17:17

LONDON MARKET CLOSE: Stocks mostly down on hawkish Powell comments

(Alliance News) - Stock prices in London closed mostly lower on Wednesday, as investors continued to fret over comments made by the US Federal Reserve Chair Jerome Powell on Tuesday.

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8 Mar 2023 12:07

LONDON MARKET MIDDAY: Stocks down, pound below USD1.19 on US rate view

(Alliance News) - Stock prices in London were lower at midday on Wednesday, with investors still reeling from surprisingly hawkish comments by US Federal Reserve Chair Jerome Powell on Tuesday.

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8 Mar 2023 10:20

TOP NEWS: Legal & General annual profit rises amid high interest rates

(Alliance News) - Legal & General Plc on Wednesday reported a firm increase in annual profit and a record solvency ratio in its annual report.

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8 Mar 2023 09:01

LONDON MARKET OPEN: Stocks slide as higher US interest rates priced in

(Alliance News) - Stock prices in London opened in the red on Wednesday morning, after comments by US Federal Reserve Chair Jerome Powell put a larger 50-basis-point interest hike at the US central bank's next meeting in March firmly on the radar.

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