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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: 231.60
Bid: 231.50
Ask: 231.70
Change: 0.30 (0.13%)
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 pre-open: Stocks to pull back

Wed, 04th Aug 2010 07:30

Early losses look likely in London this morning as investors react to a decline on Wall Street overnight.Futures prices currently indicate a 22-point decline for the FTSE 100 when trading starts shortly.Lloyds is very much back in the black after posting a profit of £1.6bn for the first half of 2010, twice as much as some analysts had forecast. The bank, which lost almost £4bn this time last year and is still 41%-owned by the government, added that total impairments more than halved to £6.55bn from £13.40bn a year ago. Total income net of insurance claims increased by 5% to £12.48bn, mostly due to £6.6bn of new retail deposits. The retail business made a profit of £2.50bn, but Wealth and International lost £1.61bn.Insurance giant Legal & General (L&G) topped market expectations with its interim figures and has rewarded shareholders with a 20% hike in the dividend. European Embedded Value (EEV) operating profit in the first half of 2010 was £589m, down from £656m the year before but ahead of most broker forecasts. "The outlook for our markets in the second half of 2010 and into 2011 continues to be mixed," chief executive Tim Breedon said.Impairment provisions were sharply lower at Asia-focused bank Standard Chartered in the first half of 2010 as pre-tax profit improved 10% year on year. Profit before taxation of $3,116m was up 10% from $2,838m in the corresponding period of 2009 but, as was the case for most performance metrics, the comparison with the second half of last year was much more flattering, with profits showing a 35% improvement from the $2,313m in the last six months of 2009.Santander's UK arm has confirmed the acquisition of more than 300 branches from Royal Bank of Scotland for £1.65bn, slightly less than expected. The deal will catapult Santander UK into the number two slot in UK retail banking. It already owns Abbey, Alliance & Leicester and Bradford & Bingley. Today's acquisition will see it take over 311 RBS branches in England and Wales and seven NatWest branches in Scotland. A further 40 SME banking centres, four corporate banking centres and three private banking centres will also transfer ownership.
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31 Jan 2023 08:05

Berenberg downgrades L&G and M&G to 'hold'

(Sharecast News) - Analysts at Berenberg downgraded insurers Legal & General and M&G from 'buy' to 'hold' on Tuesday, citing high correlation to credit and the UK economy, as well as a lack of organic growth in the latter's asset-management business.

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30 Jan 2023 17:31

FTSE 100 gains ahead of central bank meetings, Unilever up on new CEO

Unilever names Dutch dairy boss Schumacher as CEO

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30 Jan 2023 17:00

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30 Jan 2023 12:14

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30 Jan 2023 08:57

LONDON MARKET OPEN: 888 boss leaves, Middle East activities suspended

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30 Jan 2023 08:28

TOP NEWS: Legal & General Wilson to retire as CEO after over 10 years

(Alliance News) - Legal & General Group PLC on Monday said Chief Executive Nigel Wilson plans to step down, after more than a decade in post.

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30 Jan 2023 08:06

L&G chief executive Nigel Wilson to retire

(Sharecast News) - Legal & General said on Monday that Sir Nigel Wilson is planning to retire after more than a decade as chief executive.

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LONDON BRIEFING: Unilever hires dairyman as CEO; Wilson to depart L&G

(Alliance News) - Stocks in London are set to open lower on Monday, as investors look ahead to three key interest-rate decisions this week.

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24 Jan 2023 11:45

JPMorgan-backed Smart Pension to raise more than 100 mln stg in equity -sources

LONDON, Jan 24 (Reuters) - Smart Pension, a British pension services provider backed by JPMorgan and Legal & General, is in discussions with investors to raise more than 100 million pounds ($123.13 million) worth of equity capital, two sources close to the matter told Reuters.

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Glass Lewis recommends vote against Capricorn board, NewMed merger

Big question mark over Capricorn's planned merger with NewMed

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23 Jan 2023 09:20

Legal & General Chair John Kingman to become chair of Barclays Bank UK

(Alliance News) - Barclays PLC and Legal & General Group PLC on Monday said L&G Chair John Kingman will join the board of Barclays as a non-executive director on June 1 and will become the next chair of Barclays Bank UK PLC.

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