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Pin to quick picksLegal & General Share News (LGEN)

Share Price Information for Legal & General (LGEN)

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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
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Monday newspaper round-up: Bank Rate, Income tax, Cameron

Mon, 30th Jun 2014 07:32

Interest rates are likely to hit 5% within a decade, according to the outgoing Bank of England deputy governor for monetary policy. Sir Charlie Bean said it would be "reasonable" to expect borrowing costs to return to pre-recession levels in the long term - between five and 10 years. - The GuardianIncome tax and national insurance will be merged under plans being lined up as a key element of the next Conservative manifesto. George Osborne came "within a whisker" of implementing the plan in the budget and is now looking again at the policy for the general election. - The TimesEuropean countries have warned David Cameron that his threats about the British people voting to leave an unreformed EU may backfire, undermining the Prime Minister's hopes of winning major concessions. Diplomats from countries sympathetic to Britain have told the Foreign Office there will be a limit to sweeteners the Prime Minister can win before putting his new deal to voters in a referendum promised for 2017. - The IndependentOne of Britain's biggest institutional investors is telling companies that it wants them to use their cash to invest in the real economy rather than indulge in "fundamentally wrong" share buybacks. Nigel Wilson, the Chief Executive of Legal & General, said that he disliked companies deploying excess capital to hoover up their own shares because such financial engineering was both "unfair" and generated "illusory as opposed to real economic value". - The TimesPrivate-equity-backed flotations have risen to their highest level of all time as buyout groups rush to take advantage of London's revived equity market. Private-equity groups across Europe have launched 31 flotations, worth €33.4bn (£26.7bn), in the first half of this year, according to figures from the Centre for Management Buyout Research. The news comes as private equity is under renewed scrutiny from investors after floats backed by some of Europe's biggest buyout firms have slumped in value. - The Daily Telegraph Supermarkets are losing their grip as the dominant destination for grocery shopping in the UK, with sales from convenience stores, discounters, and the internet likely to be larger within five years. According to new data from industry body IGD, which lays bare the pressure on the "big four" supermarket chains, sales from supermarkets and hypermarkets will fall by 4% over the next five years despite a 16% rise in overall grocery sales. This means that, for the first time, sales from convenience stores, discounters and the internet will overtake supermarkets and hypermarkets by April 2019. - The Daily Telegraph AB
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13 Jun 2024 09:18

IN BRIEF: Legal & General starts GBP200 million share buyback

Legal & General Group PLC - London-based insurer - Launches on Thursday the GBP200 million share buyback programme it had announced on Wednesday. Contracts Barclays Capital Securities Ltd to conduct the buyback, which is expected to be completed by December 12. The buyback for 2024 was announced as part of a strategy review. L&G will focus on three core divisions to create a "simpler and better-connected business". L&G said it intends to return more to shareholders over 2024 to 2027, through a combination of dividends and buybacks.

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12 Jun 2024 17:02

London stocks rise as early rate cut bets revive; Fed decision in focus

FTSE 100 jumps 0.8%, FTSE 250 adds 1.1%

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12 Jun 2024 17:00

LONDON MARKET CLOSE: Stocks powered higher by cooler US data

(Alliance News) - European stocks recovered on Wednesday, with a favourable US inflation reading handing equities a boost before the Federal Reserve interest rate decision later.

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12 Jun 2024 15:00

London close: Stocks rise as US inflation undershoots forecasts

(Sharecast News) - London stocks closed higher on Wednesday as investors reacted to economic data from the US and the UK, with lower-than-expected inflation figures from the United States and uninspiring GDP data from the UK.

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12 Jun 2024 12:08

LONDON MARKET MIDDAY: London up ahead of US Fed and inflation data

(Alliance News) - Stock prices in London were higher at midday Wednesday, ahead of an interest rate decision and inflation data from the US.

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12 Jun 2024 09:10

LONDON MARKET OPEN: Rentokil jumps; UK economy stalls in April

(Alliance News) - Stock prices in London opened higher on Wednesday, as investors shook off news that the UK's economy stalled in April.

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12 Jun 2024 09:06

TOP NEWS: L&G restructuring plans and buyback get lukewarm response

(Alliance News) - Legal & General Group PLC on Wednesday announced plans for a "simpler and better-connected business", focused on three core divisions, alongside a share buyback, as new Chief Executive Antonio Simoes attempts to make his mark on the London-based insurer.

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12 Jun 2024 08:22

Legal & General plans $250 million share buyback, merges investment units

LONDON, June 12 (Reuters) - British life insurer Legal & General is planning a 200 million pound ($254.9 million) share buyback and a merger of its investment units, it said on Wednesday, as it looks to boost returns by moving towards less capital-intensive business.

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12 Jun 2024 07:49

LONDON BRIEFING: Stocks called up; UK economy comes to halt in April

(Alliance News) - Stocks in London are called to open higher on Wednesday, as investors shake off news that the UK economy stalled in April.

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12 Jun 2024 07:13

Legal & General unveils £200m buyback and restructuring plan

(Sharecast News) - Insurance, retirement and investment services group Legal & General has announced a £200m share buyback as it set out plans to restructure the business into three core units and promised to increase shareholder returns.

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7 Jun 2024 19:29

IN BRIEF: Legal & General Chair John Kingham buys GBP20,025 shares

Legal & General Group PLC - London-based insurer and asset manager - Chair John Kingham buys 7,978 shares at 251.50 pence each. Worth total GBP20,025.

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