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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: 230.40
Bid: 230.40
Ask: 230.50
Change: -0.90 (-0.39%)
Spread: 0.10 (0.043%)
Open: 231.20
High: 232.60
Low: 228.70
Prev. Close: 231.30
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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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3 Nov 2022 13:18

Top asset managers put new exit restrictions on $9.3 bln UK property funds

LONDON, Nov 3 (Reuters) - Two of Britain's largest asset managers are deferring withdrawals from funds managing 8.3 billion pounds ($9.28 billion) of UK property, the companies told Reuters on Thursday, in fresh signs of deteriorating sentiment towards UK real estate.

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2 Nov 2022 22:44

More Capricorn shareholders speak out against NewMed deal

LONDON/NEW YORK, Nov 2 (Reuters) -

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27 Oct 2022 10:14

LONDON BROKER RATINGS: Kepler Cheuvreux starts Haleon at 'hold'

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

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20 Oct 2022 14:02

UK fund manager Schroders LDI assets fall by 20 bln stg

Schroders AUM declines by 2.7%, Solutions unit AUM falls by 9%

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13 Oct 2022 10:45

How are life insurers coping in LDI storm?

LONDON, Oct 13 (Reuters) - The focus of a gilt market storm has been around pension schemes' use of liability-driven investments (LDI), many of which are highly leveraged.

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12 Oct 2022 12:18

What is LDI? Liability-Driven Investment strategy explained

LONDON, Oct 12 (Reuters) - The Bank of England has intervened multiple times in the UK government bond market in the last fortnight to rein in gilt yields, which rocketed after Britain unveiled a welter of tax cuts to be funded by borrowing on markets.

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12 Oct 2022 05:53

Bank signals readiness to extend bond buying if needed - FT

(Sharecast News) - The Bank of England may extend its backstop programme for the UK government bond market past its 15 October deadline, the Financial Times reported, citing people briefed on the discussions.

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12 Oct 2022 05:01

Sector movers: Life insurers pace losses, BoE says 'you've got three days'

(Sharecast News) - Life insurers were at the bottom of the pile on Tuesday amid continued selling pressure in longer-term Gilts that forced the Bank of England to intervene for the second time in three days.

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11 Oct 2022 17:23

FTSE 100 falls for fifth session, eyes on BoE moves to stem bond rout

Banks, insurers among the biggest decliners

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6 Oct 2022 10:46

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Gem Diamonds

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

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5 Oct 2022 17:31

CBRE joins other UK property funds in deferring payments

LONDON, Oct 5 (Reuters) - CBRE Investment Management has deferred redemption payments on its UK property fund due to market conditions, it said on Wednesday, joining several other funds taking similar steps to avert a cash crunch following recent turmoil in UK money markets.

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4 Oct 2022 16:59

UK shares record best day in months; Greggs surges on higher sales

FTSE 100 up 2.6%, FTSE 250 adds 3.1%

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4 Oct 2022 15:01

Some UK property funds defer investor withdrawals

LONDON, Oct 4 (Reuters) - Some of Britain's top open-ended property funds are rolling out new measures to manage investor exit requests, as challenges in meeting redemptions continue to rise amid a sell-off in some UK risk assets.

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4 Oct 2022 12:01

LONDON MARKET MIDDAY: Investors hopeful rate hike speed will slow

(Alliance News) - European equities traded sharply higher on Tuesday morning, with investors optimistic that central banks will temper the pace of interest rate hikes, following less-than-stellar factory data from the across the globe.

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4 Oct 2022 11:29

TOP NEWS SUMMARY: L&G gets boost from BoE bond-buying intervention

(Alliance News) - The following is a summary of top news stories Tuesday.

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