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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: 252.80
Bid: 252.20
Ask: 252.30
Change: -1.90 (-0.75%)
Spread: 0.10 (0.04%)
Open: 254.20
High: 254.50
Low: 250.70
Prev. Close: 254.70
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Sector movers: Strong results from Prudential boost life insurers

Wed, 12th Mar 2014 14:40

Strong results from Prudential gave the life insurance sector a lift on Wednesday after the company impressed with a decent increase in the dividend as profits came in at the top end of analysts' estimates. Even though Prudential was the only life insurance stock to register gains in London, its weighting in the sector was enough to drive the category higher.Prudential, which was up 3% at 1,401p in afternoon trade, has a market capitalisation of nearly £35bn, double the size of the next company in the sector, Aviva (£15.4bn), which was trading lower.Smaller stocks including St James's Place, Old Mutual and Legal & General were registering small losses.Prudential reported a 17% rise in operating profits for 2013 to £2.95bn, while its other key financial metrics of cash and new business profits also delivered double-digit growth. The full-year dividend was raised by 15% to 33.57p per share.It said that results were boosted by growth in Asia, which now accounts for around a third of group operating profit."At the heart of our future prospects is Asia. We are pursuing the increasing demand for protection products from the rapidly growing middle class in our chosen markets across the region," said Chief Executive Tidjane Thiam.Analysts at Killik pointed out that Prudential trades at a premium to other UK insurers on a price-to-earnings ratio of 13.1, "however it has a significantly better growth profile in its Asian and US operations"."With Prudential's strong balance sheet, good geographic exposure, focus on value over volume, and higher earnings growth profile, it remains a 'buy'," they said.Top performing sectors so far todayMobile Telecommunications 5,119.55 +1.14%Life Insurance 7,348.25 +0.62%Forestry & Paper 11,816.18 +0.55%Fixed Line Telecommunications 4,633.79 +0.32%Electricity 9,477.53 +0.28%Bottom performing sectors so far todayTobacco 36,903.83 -2.49%Aerospace and Defence 4,714.46 -2.13%Banks 4,416.95 -2.08%Health Care Equipment & Services 5,149.99 -1.72%Industrial Engineering 10,503.89 -1.65%BC
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8 Mar 2023 08:04

Legal & General FY operating profit beats expectations

(Sharecast News) - Legal & General lifted its dividend on Wednesday as it posted a jump in full-year operating profit.

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8 Mar 2023 07:59

LONDON BRIEFING: UK insurers report mixed results and change chairs

(Alliance News) - Stocks in London are set to open lower on Wednesday, as markets saw any prospect of a dovish pivot from the US Federal Reserve dashed on Tuesday after its chair said rates would likely remain high.

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6 Mar 2023 09:52

Legal & General invests in investment advisory firm ImpactA Global

(Alliance News) - Legal & General Group PLC on Monday said it invested in the women-led investment advisory firm ImpactA Global Ltd for an undisclosed sum.

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6 Mar 2023 00:01

Ex-JPMorgan bankers start emerging market infrastructure investment firm

LONDON, March 6 (Reuters) - Two former JP Morgan credit bankers on Monday launched a new impact investment advisory firm focused on emerging market infrastructure, with a minority stake by British insurer Legal & General's alternative investments arm.

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1 Mar 2023 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
Pantheon Infrastructure PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
Friday 3 March 
Avation PLCHalf Year Results
Faron Pharmaceuticals LtdFull Year Results
IMI PLCFull Year Results
Pacific Horizon Investment Trust PLCHalf Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 6 March 
Amte Power PLCHalf Year Results
BATM Advanced Communications LtdFull Year Results
Craneware PLCHalf Year Results
Murray International Trust PLCFull Year Results (TBC)
Seeing Machines LtdHalf Year Results
Tuesday 7 March 
Ashtead Group PLCQ3 Results
Bank of Ireland Group PLCFull Year Results
Dotdigital Group PLCHalf Year Results
Elementis PLCFull Year Results
Ferguson PLC Half Year Results
Foxtons Group PLCFull Year Results
Fresnillo PLCFull Year Results
Greggs PLCFull Year Results
IWG PLCFull Year Results
Johnson Service Group PLCFull Year Results
Just Group PLCFull Year Results
Keller Group PLCFull Year Results
Origin Enterprises PLCHalf Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
STV Group PLCFull Year Results
Tremor International LtdFull Year Results
Wednesday 8 March 
Admiral Group PLCFull Year Results
Bakkavor Group PLCFull Year Results
Breedon Group PLCFull Year Results
CLS Holdings PLCFull Year Results
Darktrace PLCHalf Year Results
Galliford Try Holdings PLCHalf Year Results
Headlam Group PLCFull Year Results
Hill & Smith PLCFull Year Results
Hiscox LtdFull Year Results
Ibstock PLCFull Year Results
IP Group PLCFull Year Results
Legal & General Group PLCFull Year Results
musicMagpie PLCFull Year Results
Netcall PLCHalf Year Results
Quilter PLCFull Year Results
Restaurant Group PLCFull Year Results
SIG PLCFull Year Results
Somero Enterprises IncFull Year Results
Spirent Communications PLCFull Year Results
TClarke PLCFull Year Results
TT Electronics PLCFull Year Results
Tullow Oil PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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20 Feb 2023 20:39

Post-Brexit insurance reform clear before December, says BoE's Woods

LONDON, Feb 20 (Reuters) - The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a long-trailed and disputed reform of their capital rules, saying a "very good sense" of the changes would emerge well before December.

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17 Feb 2023 00:46

Legal & General sues Glencore for investor losses after corruption fallout -FT

Feb 16 (Reuters) - Asset manager Legal & General filed a lawsuit against Glencore in London's High Court last week over investor losses after the mining and commodities group admitted to multiple bribery offences last year, the Financial Times reported on Thursday.

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15 Feb 2023 09:32

LONDON BROKER RATINGS: Bryan Garnier starts Unilever with 'neutral'

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

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14 Feb 2023 09:08

LONDON BROKER RATINGS: Deutsche Bank double-upgrades easyJet to 'buy'

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

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6 Feb 2023 12:23

CORRECT: Frasers could buy British shopping centres for GBP100 million

(Corrects that Mike Ashley is not the chief executive officer of Frasers.)

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6 Feb 2023 09:32

TOP NEWS: Frasers CEO could buy shop centres for GBP100 million -Press

(Alliance News) - The Times on Saturday reported that Frasers Group PLC Chief Executive Officer Mike Ashley is mulling to buy two shopping centres in Great Britain for a total of GBP100 million.

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31 Jan 2023 09:26

LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17

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

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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

LONDON MARKET CLOSE: Stocks broadly lower with eyes on central banks

(Alliance News) - Stocks in London closed largely lower on Monday as investors looked nervously ahead to looming interest rate decisions from a number of central banks.

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