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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: 231.30
Bid: 231.30
Ask: 231.50
Change: 3.80 (1.67%)
Spread: 0.20 (0.086%)
Open: 227.70
High: 231.70
Low: 227.60
Prev. Close: 227.50
LGEN Live PriceLast checked at -

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Sector movers: Miners boosted by yuan strength

Thu, 05th Jan 2017 15:35

(ShareCast News) - Miners and oil related companies were leading the pack north after China's currency rose for a second day, boosting prices for most commodities.As of 0720 GMT the onshore yuan was trading at 6.8120 against the US dollar and was up by 0.80% against the greenback, its best level since 8 November 2016, as measures by Beijing to rein in foreign exchange purchases by residents began to bite.In turn, that sent the US dollar lower, with the greenback off by 1.36% to 101.36 as of 1627 GMT, and commodity prices higher, with three-month LME copper futures up by 2.6% at $5,645.00 a tonne as of 1330 GMT. Tin and zinc futures were also bolstered, with the latter rising 3.9% to $2,621 a tonne.Shares in precious metals' miners were especially strong as the prices of the underlying metals they are focused on jumped.Hochschild Mining was the best performer, rising 12.28% to 238.7p, with stock in Randgold Resources and Fresnillo close behind.Front month crude oil futures were also on the up, helping to shore up shares in the oil equipment and services space.Life insurance was at the bottom of the pile even as analysts at JP Morgan called attention to the sector's "attractive" dividend yields and "underappreciated" growth potential, "which may be further enhanced by the macroeconomic backdrop and improved outlook for rates."Aviva was among JP Morgan's preferred issues in the sector.Prudential and Legal&General on the other hand were best avoided, "as in our view their positive macro gearing is now more than reflected in valuations."In other news, Tesco was also under the cosh as Jefferies analyst James Grzinic and his colleagues trimmed their target on the shares from 185.0p to 180.0p."The outlook is murkier, with a challenged UK consumer likely providing renewed vigour to discounters. MRW's staying power should make the stock best positioned in this context. TSCO's multiples risk keeping the shares on the back-foot," they said. Top performing sectors so far todayMobile Telecommunications 4,738.00 +1.97%Oil Equipment, Services & Distribution 16,736.24 +1.73%General Industrials 5,661.02 +1.68%Mining 15,058.54 +1.52%Food Producers & Processors 7,875.80 +1.48%Bottom performing sectors so far todayLife Insurance 7,894.49 -1.57%Food & Drug Retailers 3,042.91 -1.20%Industrial Transportation 3,043.36 -0.65%Aerospace and Defence 4,568.71 -0.63%Insurance (non-life) 2,743.31 -0.35%
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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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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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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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LONDON BRIEFING: Stocks called up; UK economy comes to halt 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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