The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 252.80
Bid: 232.00
Ask: 253.00
Change: 0.00 (0.00%)
Spread: 21.00 (9.052%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 252.80
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 updates market on bond portfolio

Tue, 09th Feb 2016 08:30

(ShareCast News) - As it looked to assuage investors' fears over its bond portfolio, insurer and investment manager Legal & General updated the market with details of its annuity bond portfolio on Tuesday.L&G said that as at the end of December, the bond portfolio backing its annuity business amounted to around £39bn, compared to £40.7bn in 2015.Meanwhile, 4.4% of the bond portfolio in its retirement business was rated AAA, 28% was rated AA, 33.4% was rated A, and 31% was rated BBB. 3.2% of the portfolio was rated BB or below.In terms of sectors, around 15% of the annuity bond portfolio related to sovereigns, supras, sub-sovereigns, 4.3% to banks, 1.9% to financial services, 1.7% to insurance, 11.5% to utilities, 11.6% to consumer services and goods & healthcare and 6.7% to technology and telecoms.Around 9.9% was related to industrials and oil & gas, 4.8% to property, 28.6% to securitisations & debentures, 1% to asset-backed securities and 2.7% to collateralised debt obligations.Shore Capital said: "These figures do not vary greatly compared to the end of 2014, with the extra detail offered being the breakdown of the 'industrials' line to separate 'oil & gas' and 'basic resources'."Not only are these figures low, around 5% and 1% respectively, we believe them to be of strong quality. This disclosure should nail concerns in the market over this exposure."Nomura, which rates the stock at 'buy', said: "We expect greater detail on the credit portfolio should allay market concerns on energy credit exposure. We still expect FY results on 15 March to be a positive catalyst."Legal & General is due to releases its 2015 earnings on 15 March, when it will also report its Solvency II capital position.At 1010 GMT, L&G shares were 2.3% higher to 207.70p.
More News
1 Aug 2023 09:24

LONDON BROKER RATINGS: JPMorgan cuts L&G, St James's price target

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

Read more
19 Jul 2023 09:17

LONDON BROKER RATINGS: Exane raises Segro; Goldman likes Aston Martin

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

Read more
18 Jul 2023 15:52

UK's L&G agrees 1.8 billion pound pensions buy-in with United Utilities

LONDON, July 18 (Reuters) - Legal & General said on Tuesday it had agreed a 1.8 billion pound pensions buy-in with FTSE 100 company United Utilities, part of a growing trend of businesses offloading pension scheme risk to insurers.

Read more
17 Jul 2023 19:30

Asset managers "backtracked on climate resolutions at oil major AGMs"

(Alliance News) - Some of the UK's largest investors have been accused of backtracking on their support for a climate resolution at oil majors' annual general meetings this year.

Read more
14 Jul 2023 09:13

LONDON BROKER RATINGS: HSBC says 'buy' AstraZeneca but 'reduce' GSK

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

Read more
11 Jul 2023 10:08

Britain's 50-billion pound pensions gamble could put savers in fresh peril

LONDON, July 11 (Reuters) - Britain's financial services industry has broadly cheered fresh government proposals to jumpstart the economy by channelling 50 billion pounds ($64.5 billion) of pension fund cash into fledgling firms, but the plans could backfire on savers, experts said.

Read more
10 Jul 2023 18:00

UK pension funds back next phase of post-Brexit City shake up

Private pensions pledge up to 50 billion pounds

*

Read more
10 Jul 2023 13:45

Allergy Therapeutics appoints new CFO; interim CFO to leave in August

(Alliance News) - Allergy Therapeutics PLC on Monday said it has promoted Group Financial Controller Shaun Furlong to chief financial officer.

Read more
9 Jul 2023 13:01

Hunt to outline "evolutionary" pension funds investment reforms for UK

(Alliance News) - UK Chancellor Jeremy Hunt will promise "evolutionary not revolutionary" reforms to get pension funds making billions of pounds of riskier investments in fast-growing firms to boost economic growth.

Read more
5 Jul 2023 12:07

LONDON MARKET MIDDAY: Stocks down; eyes on China slowdown, Fed minutes

(Alliance News) - Stock prices in London were lower at midday on Wednesday amid a solidly risk-off mood following a slew of weak economic data, including from the world's second-largest economy.

Read more
5 Jul 2023 10:22

Legal & General confirms five-year targets

(Sharecast News) - Legal & General Group reiterated its five-year growth targets on Wednesday, as it confirmed that recently introduced accountancy changes would not have any impact.

Read more
5 Jul 2023 09:00

LONDON MARKET OPEN: Stocks head lower before Fed minutes

(Alliance News) - Stock prices in London opened in the red on Wednesday, amid fears of slowing growth in China, and escalating tension between the two world's largest economies.

Read more
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

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.