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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: 240.90
Bid: 240.70
Ask: 240.90
Change: 5.10 (2.16%)
Spread: 0.20 (0.083%)
Open: 237.40
High: 241.80
Low: 237.00
Prev. Close: 235.80
LGEN Live PriceLast checked at -

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Marwyn Buys Gas Transport Business From National Grid

Thu, 17th Jun 2010 09:03

LONDON (Dow Jones)--Investor Marwyn Investment Management LLP Thursday said it has bought a loss-making gas transport business from National Grid PLC (NG.LN) and intends to bring it to London's junior Alternative Investment Market with a GBP11 million fundraising. Marwyn said it plans to turn the company around and re-establish it as a market leader in gas connections and transport. Marwyn said its listed vehicle Marwyn Capital I Ltd. (MCIL.LN) bought Fulcrum Group Holdings Ltd. from National Grid for a nominal GBP10 in a reverse takeover. Marwyn Capital I will be renamed Fulcrum Utility Services Ltd. when the deal goes through and it is admitted to AIM. The enlarged company has agreed to raise GBP11 million in a share sale at 12 pence a share. The money will be used to fund its turnaround. Gas industry veteran John Spellman has been named chief executive. Shareholders in the enlarged group include insurer Legal & General Group PLC (LGEN.LN), utilities and energy investor Ecofin Water and Power and fund managers Artemis and F&C. -By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com (END) Dow Jones Newswires June 17, 2010 04:03 ET (08:03 GMT)
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TOP NEWS: Legal & General Wilson to retire as CEO after over 10 years

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

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Glass Lewis recommends vote against Capricorn board, NewMed merger

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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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L&G plans to vote against Capricorn leadership and NewMed merger

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