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Pin to quick picksLegal & General Share News (LGEN)

Share Price Information for Legal & General (LGEN)

London Stock Exchange
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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 -

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London close: Late gains lift Footsie

Mon, 29th Jun 2009 16:50

After a rather sluggish start to the day, Footsie ended with chunky gains, helped by buoyancy on Wall Street. Lloyds Banking topped the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "conviction buy" list. Goldman Sachs has also lifted its target price from 61p to 107p, after arguing that the market has overdone the doom and gloom for the sector. Barclays, for which Goldman's has a "neutral" rating, and Royal Bank of Scotland, move higher, holding on to Lloyds' coat-tails.Broker coverage also boosted oil firm BG Group, which had its 'outperform' rating re-iterated at Cazenove.And car insurer Admiral was wanted after Credit Suisse upgraded its rating on the stock from "neutral" to "outperform", with an unchanged price target of 1097p.Elsewhere in the financial sector, the generally upward trend of European stock markets today gives a lift to insurers such as Legal & General, Old Mutual and Prudential. Inter-dealer brokers ICAP and Tullett Prebon also get a boost from renewed market optimism. Miners were weak, however, with bid stock Anglo American shifting into reverse before recovering later. Potential merger partner Xstrata ended lower.Outsource giant Serco climbs after it said it remains on track to deliver on its 2009 guidance and continues to see significant opportunities in the current challenging economic environment. Aero-engine developer Rolls-Royce has bought a 33% holding in ODIM, a provider of specialist marine handling systems to the offshore oil and gas industry. Rolls-Royce is paying NOK 700 (£66m) cash to Aker Solutions for 15.5m ordinary shares in ODIM, equivalent to NOK 45 per share.Vodafone edges higher after reports it is poised to buy the T-Mobile business in the UK if it can get it past the regulatory authorities. National Express is another on the up after confirming this morning it has received a bid from rival FirstGroup, which slips back. Hovis to Branston Pickle maker Premier Foods's trading this year has continued on track, with sales of bread especially described as excellent. The heavily indebted group, which raised £379m through a cash call in March, said sales in May and June were in line with the trends in the first four months of 2009. Informa warned that half-year organic revenues at its Events and Training unit will be 'considerably' lower as the group continued to reduce volume to protect profitability in the face of weak demand. Despite this, the high variable cost base will mean that the impact on adjusted operating profit margin will be limited. The share is the best performer among FTSE 350 constituents after Royal Bank of Scotland issued a "buy" recommendation.The stock market recovery since March has boosted the fourth quarter performance of investment management firm Hargreaves Lansdown, which now expects full-year results to be ahead of market expectations. Sector peer Brewin Dolphin moves up in sympathy.Defence group Cobham has landed a big contract to provide communication systems to the US Army. A Cobham-Northrop Grumman team (NGCI) has been selected to provide the VIS-X Vehicular Intercommunication System Expanded for the US Army's Communications and Electronics Command (CECOM). Online fashion retailer Asos produced another year of eye-popping growth, with sales doubling and profits up 93%, though it cautioned its rate of growth could be starting to slow.Sofa and mattress maker Airsprung Furniture is sitting pretty after it returned to profit in the second half of its financial year despite revenues showing little sign of recovery. Titan Europe, which designs and makes undercarriage components for industrial vehicles, said its markets have weakened some more in the second quarter of the company's financial year. The company, which expects to make a loss at the interim stage, said revenue for the first half of 2009 is expected to be around 35% lower than the first half of 2008.Drug developer Alizyme said it is likely to cut a 'significant' number of jobs and may even face going bust if it fails to secure sufficient funding. The group said it does not now expect to have sufficient funding to last beyond the end of August and will be unable to continue as a going concern without the raising of additional funds.Swiss drugs giant Novartis has started a Phase III clinical study of NVA, the treatment it licensed from joint-developers Vectura Group and Sosei Group, triggering milestone payments for both companies.Automated warehousing systems firm SDI is feeling optimistic on the back of an increasing number of contract wins, despite tumbling into the red.FTSE 100 - RisersLloyds Banking Group (LLOY) 70.56p +6.12%Prudential (PRU) 422.75p +5.89%Rio Tinto (RIO) 2,153.00p +4.51%Barclays (BARC) 279.65p +4.31%BG Group (BG.) 1,037.00p +4.12%Schroders (SDR) 846.50p +3.67%Rolls-Royce Group (RR.) 365.75p +3.61%Man Group (EMG) 286.00p +3.53%Old Mutual (OML) 80.69p +3.45%Aviva (AV.) 341.50p +3.41%FTSE 100 - Fallers3i Group (III) 237.50p -2.06%Xstrata (XTA) 672.10p -2.03%Thomas Cook Group (TCG) 199.90p -1.89%British Airways (BAY) 127.50p -1.39%GlaxoSmithKline (GSK) 1,067.50p -1.07%Associated British Foods (ABF) 762.00p -0.91%TUI Travel (TT.) 232.25p -0.85%Marks & Spencer Group (MKS) 309.50p -0.80%Balfour Beatty (BBY) 309.50p -0.64%Pearson (PSON) 605.50p -0.57%FTSE 250 - RisersNational Express Group (NEX) 302.75p +9.79%Informa (INF) 231.00p +9.09%Tullett Prebon (TLPR) 293.25p +8.61%Vectura Group (VEC) 70.50p +8.46%Dunelm (DNLM) 219.50p +6.42%Restaurant Group (RTN) 151.75p +6.30%Morgan Crucible (MGCR) 99.00p +6.17%Brewin Dolphin (BRW) 135.00p +5.88%Moneysupermarket.com (MONY) 51.25p +5.67%Electra Private Equity (ELTA) 945.00p +5.47%FTSE 250 - FallersSThree (STHR) 179.75p -4.77%Punch Taverns (PUB) 105.50p -4.31%DS Smith (SMDS) 67.50p -3.57%Marston's (MARS) 115.25p -2.74%Evolution Group (EVG) 145.00p -2.68%Peter Hambro Mining (POG) 620.00p -2.67%Berkeley Group Holdings Units (BKG) 798.00p -2.27%Northern Foods (NFDS) 54.25p -2.25%Renishaw (RSW) 342.00p -2.15%Ferrexpo (FXPO) 139.00p -2.11%
More News
2 Aug 2022 16:16

UK earnings, trading statements calendar - next 7 days

Wednesday 3 August 
Bank of Ireland Group PLCHalf Year Results
Endeavour Mining PLCHalf Year Results
Ferrexpo PLCHalf Year Results
Hill & Smith Holdings PLCHalf Year Results
Hiscox LtdHalf Year Results
IP Group PLCHalf year Results
Keywords Studios PLCTrading Statement
LSL Property Services PLCHalf Year Results
Taylor Wimpey PLCHalf Year Results
Thursday 4 August 
Coca-Cola Europacific Partners PLCHalf Year Results
ConvaTec Group PLCHalf Year Results
Evraz PLCHalf Year Results
Glencore PLCHalf Year Results
Gym Group PLCHalf Year Results
Hikma Pharmaceuticals PLCHalf Year Results
Meggitt PLCHalf Year Results
Mondi PLCHalf Year Results
Morgan Sindall Group PLCHalf Year Results
Next PLCTrading Statement
Pantheon International PLCFull Year Results
Revolution Beauty Group PLCFull Year Results
Rolls-Royce Holdings PLCHalf Year Results
ScS Group PLCTrading Statement
Secure Trust Bank PLCHalf Year Results
Serco Group PLCHalf Year Results
Spirent Communications PLCHalf Year Results
Tritax Big Box REIT PLCHalf Year Results
Friday 5 August 
FBD Holdings PLCHalf Year Results
Hargreaves Lansdown PLCFull Year Results
London Stock Exchange Group PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewables Infrastructure Group LtdHalf Year Results
WPP PLCHalf Year Results
Monday 8 August 
Clarkson PLCHalf Year Results
Diversified Energy Company PLCHalf Year Results
Griffin Mining LtdHalf Year Results
ITM Power PLCFull Year Results
Kosmos Energy LtdQ2 Results
PageGroup PLCHalf Year Results
RM Infrastructure Income PLCHalf Year Results
Tuesday 9 August 
abrdn PLCHalf Year Results
Bellway PLCTrading Statement
Blue Planet Investment Trust PLCFull Year Results
Burford Capital LtdHalf Year Results
Clarkson PLCHalf Year Results
H&T Group PLCHalf Year Results
InterContinental Hotels Group PLCHalf Year Results
IWG PLCHalf Year Results
Just Group PLCHalf Year Results
Legal & General Group PLCHalf Year Results
Quarto Group IncHalf Year Results
RPS Group PLCHalf Year Results
SIG PLCHalf Year Results
TI Fluid Systems PLCHalf Year Results
Zotefoams PLCHalf Year Results
  
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27 Jul 2022 12:20

LONDON MARKET MIDDAY: Markets brace for second 75 basis point Fed hike

(Alliance News) - Stock prices in London were higher at midday on Wednesday as upbeat earnings from Alphabet and Microsoft helped offset concerns raised by Walmart's profit warning on Tuesday.

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27 Jul 2022 09:43

LONDON BROKER RATINGS: Upgrades for Admiral and Legal & General

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

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27 Jul 2022 08:55

LONDON MARKET OPEN: Reckitt Benckiser and Rio Tinto bookend FTSE 100

(Alliance News) - Stock prices in London opened higher on Wednesday ahead of an interest rate decision by the US Federal Reserve and amid a busy day on the UK corporate earnings front.

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27 Jul 2022 08:34

LONDON BRIEFING: Lloyds beats expectations and raises 2022 guidance

(Alliance News) - Lloyds Banking on Wednesday raised its annual guidance against a beneficial backdrop of rising UK interest rates.

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20 Jul 2022 09:41

LONDON BROKER RATINGS: Goldman likes Haleon but says sell Schroders

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

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18 Jul 2022 12:00

UK insurers: who to pick?

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13 Jul 2022 10:02

LONDON BROKER RATINGS: Jefferies likes Tyman; UBS cuts Beazley

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

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13 Jul 2022 09:43

UK pensions insurance deals to rise more than 25% in 2022-adviser

LONDON, July 13 (Reuters) - Britain is likely to see around 35 billion pounds ($41.62 billion) in pensions buy-in and buy-out deals in 2022, up more than 25% from 2021, consultants Hymans Robertson said on Wednesday.

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8 Jul 2022 07:34

Bank of England says insurance reform will be no 'free lunch'

LONDON, July 8 (Reuters) - Reform of insurance capital rules would free up to 90 billion pounds ($108.05 billion) of capital for investment, but it should not be a "free lunch" that puts pensioners and policyholders at risk, Bank of England Deputy Governor Sam Woods said on Friday.

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8 Jul 2022 07:21

Bank of England sticks to insurance reform plan despite opposition

LONDON, July 8 (Reuters) - Reform of insurance capital rules would free up to 90 billion pounds ($108.05 billion) of capital for investment, but it should not be a "free lunch" that puts pensioners and policyholders at risk, Bank of England Deputy Governor Sam Woods said on Friday.

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7 Jul 2022 09:35

TOP NEWS: Legal & General has strong pipeline after good start to 2022

(Alliance News) - Legal & General Group PLC on Thursday said it is performing in line with expectations with "minimal" exposure to inflationary pressures.

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7 Jul 2022 08:04

Legal & General sees double-digit growth in cash, capital generation in H1

(Sharecast News) - Legal & General said on Thursday that it has had a good start to 2022, that its operating performance has been in line with expectations and that it expects to deliver double-digit growth in cash and capital generation for the first half.

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22 Jun 2022 09:47

LONDON BROKER RATINGS: Jefferies ups NatWest, Smurfit Kappa to 'buy'

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

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20 Jun 2022 16:53

Hedge fund Kite Lake joins LGIM criticism of Tullow-Capricorn merger plans

LONDON, June 20 (Reuters) - Kite Lake, a hedge fund investor in Capricorn Energy shares, criticised the gas and oil producer's planned merger with Tullow Oil on Monday, saying the $827 million deal was value destructive to shareholders.

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