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Share Price Information for Legal & General (LGEN)

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Share Price: 224.70
Bid: 225.40
Ask: 225.50
Change: 1.00 (0.45%)
Spread: 0.10 (0.044%)
Open: 224.50
High: 227.40
Low: 222.80
Prev. Close: 223.70
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Sunday newspaper round-up: Lloyds, RBS, National Express

Sun, 05th Jul 2009 10:38

The body that manages the taxpayer's stakes in British banks will warn this week against any expectations of a quick-fire disposal of the shareholdings, the Sunday Telegraph has learnt.UK Financial Investments (UKFI) will say in a strategy document that it will only begin selling its shares in Lloyds Banking Group and Royal Bank of Scotland once market confidence in the banking sector has been restored. Sources close to UKFI said this weekend that some senior officials involved in managing the shareholdings believed it could take up to seven years before they can be sold in their entirety.Meanwhile, the Government is girding itself for a battle royal with the EU over threats that Lloyds Banking Group and RBS will be forced to spin off or sell parts of their businesses. City sources said: "The Government is terrified that the EU is getting ready to issue an ultimatum over Lloyds and RBS, forcing them to break up following the massive state injections of capital last autumn. This row is heating up and is likely to come to a head quite soon," the Independent reports.National Express intends to defy transport secretary Lord Adonis by extending one of its two remaining rail franchises to 2014, the company's acting chief executive has told the Observer. Ray O'Toole also insisted that the £72m penalty that the company will pay for handing back its £1.4bn contract to operate the East Coast franchise was set at a "sensible level". He said National Express was well on track to hit all of its performance targets on its East Anglia franchise.Jonathon Porritt, one of Britain's leading environmentalists, has attacked the Treasury for being "startlingly arrogant" and for dragging its feet over sustainability. This month Porritt steps down as chairman of the Sustainable Development Commission, an independent government watchdog, after occupying the role since it was founded nine years ago, the Observer reports.The Serious Fraud Office is to investigate the collapse of MG Rover, the Midlands carmaker, after a long-running government inquiry concluded there were grounds for a criminal investigation. The involvement of the SFO, expected to be confirmed by Lord Mandelson, the business secretary, in a statement to Parliament tomorrow, is the latest twist in one of the biggest corporate failures of recent years, the Sunday Times reports.Marks & Spencer is headed for a bloody battle with investors on Wednesday after it emerged that the high-street bellwether plans to ignore a big protest vote demanding the appointment of an independent chairman by July 2010 to check the power of boss Sir Stuart Rose, reports the Sunday Times.PricewaterhouseCoopers has been lined up to act as administrator to Vasanta Group, which has been hit by the withdrawal of credit insurance to key suppliers. The company could collapse as soon as this week unless it can secure new funding, according to people close to the situation, writes the Sunday Telegraph.Sir David Jones, the chief executive of JJB Sports, is embroiled in an extraordinary row over revelations he borrowed £1.5m from billionaire Mike Ashley, the boss of rival sportswear chain Sports Direct and owner of Newcastle United. The Sunday Times has obtained a letter sent by Ashley to Jones in February, in which he says the cash was sent to Jones's account at HSBC in October 2007.The Bank of England's monetary policy committee (MPC) is expected to extend its programme of quantitative easing (QE) by £25bn, though there are doubts whether it will take action beyond that. The Bank has so far committed £125bn of QE in an attempt to boost the money supply, mainly through purchases in the markets of gilts and other assets, the Sunday Times reports.City firms are drawing up schemes to help staff to dodge the new 50% rate of income tax, ahead of what is expected to be a rapid return to bumper bonuses in the Square Mile. Grant Thornton, the accountancy firm, has sent a document to clients outlining one scheme that could afford a "potential tax saving of approximately 40%", the Sunday Times reports.Leading shareholders in Legal & General are trying to derail the appointment of Dame Clara Furse, the former chief executive of the London Stock Exchange, as chairman of the insurer, a role for which she has been heavily touted. A number of top investors in the FTSE 100 firm have privately declared their "strong misgivings" about the likely hiring of Dame Clara as chairman, following her appointment as a non-executive director at the group in May, the Independent reports.Newcastle Building Society, the country's 10th largest building society, is believed to be in 'advanced' takeover talks with larger rival Skipton. If the deal with Skipton goes ahead it would create a £21bn mutual with more than 1.1m members, the Mail on Sunday reports.The Government is looking at imposing a rise in National Insurance contributions after the next Election to help fund the cost of care for the elderly, it was claimed yesterday. The controversial idea - to spare people from having to sell their homes to cover the cost of care bills in their old age - will be unveiled in a Government blueprint on long-term care for the elderly, reports said, the Mail on Sunday reports.
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14 Jun 2024 09:27

LONDON BROKER RATINGS: BoA ups L&G; Deutsche Bank cuts Iomart

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

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14 Jun 2024 07:46

LONDON BRIEFING: Bellway's planned takeover of Crest gets rejected

(Alliance News) - Stocks in London are called to open higher on Friday, after news that the Bank of Japan is leaving interest rates unchanged.

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13 Jun 2024 09:37

LONDON BROKER RATINGS: Jefferies raises Great Portland to 'hold'

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

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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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30 May 2024 13:01

UK dividends calendar - next 7 days

Friday 31 May 
abrdn Property Income Trust Ltddividend payment date
Albion Development VCT PLCdividend payment date
Alternative Income REIT PLCdividend payment date
Arbuthnot Banking Group PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Bankers Investment Trust PLCdividend payment date
Bellevue Healthcare Trust PLCdividend payment date
City of London Investment Trust PLCdividend payment date
CQS New City High Yield Fund Ltddividend payment date
Custodian Property Income REIT PLCspecial dividend payment date
CVC Income & Growth Ltd EUROdividend payment date
CVC Income & Growth Ltd GBPdividend payment date
Derwent London PLCdividend payment date
Diverse Income Trust PLCdividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
EJF Investments Ltddividend payment date
Elementis PLCdividend payment date
Global Opportunities Trust PLCdividend payment date
Greencoat UK Wind PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Henderson International Income Trust PLCdividend payment date
Henry Boot PLCdividend payment date
Ibstock PLCdividend payment date
IWG PLCdividend payment date
JPMorgan American Investment Trust PLCdividend payment date
JPMorgan Global Core Real Assets Ltddividend payment date
Kier Group PLCdividend payment date
Marwyn Value Investors Ltddividend payment date
Mobeus Income & Growth VCT PLCdividend payment date
NB Global Monthly Income Fund Ltddividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Picton Property Income Ltddividend payment date
Portmeirion Group PLCdividend payment date
PPHE Hotel Group Ltddividend payment date
PRS REIT PLCdividend payment date
Reach PLCdividend payment date
Robert Walters PLCdividend payment date
Senior PLCdividend payment date
Shaftesbury Capital PLCdividend payment date
Sherborne Investors (Guernsey) C Ltddividend payment date
STV Group PLCdividend payment date
Target Healthcare REIT PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
TwentyFour Select Monthly Income Fund Ltddividend payment date
Vesuvius PLCdividend payment date
Weir Group PLCdividend payment date
Monday 3 June 
4imprint Group PLCdividend payment date
Ascential PLCspecial dividend payment date
Ashtead Technology Holdings PLCdividend payment date
BAE Systems PLCdividend payment date
J Smart & Co (Contractors) PLCdividend payment date
JPMorgan China Growth & Income PLCdividend payment date
JPMorgan Claverhouse Investment Trust PLCdividend payment date
Vector Capital PLCdividend payment date
Zotefoams PLCdividend payment date
Tuesday 4 June 
GCP Asset Backed Income Fund Ltddividend payment date
GCP Infrastructure Investments Ltddividend payment date
Spectra Systems Corpex-dividend payment date
Wednesday 5 June 
Carr's Group PLCdividend payment date
Ecora Resources PLCdividend payment date
Epwin Group PLCdividend payment date
Genuit Group PLCdividend payment date
Glencore PLCdividend payment date
Porvair PLCdividend payment date
Sabre Insurance Group PLCspecial dividend payment date
Thursday 6 June 
Aberforth Split Level Income Trustex-dividend payment date
Abrdn European Logistics Income PLCex-dividend payment date
AJ Bell PLCex-dividend payment date
Albion Technology & General VCT PLCex-dividend payment date
Arbuthnot Banking Group PLCex-dividend payment date
Assura PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Billington Holdings PLCex-dividend payment date
BlackRock Sustainable American Income Trust PLCex-dividend payment date
Bodycote PLCdividend payment date
Capital Gearing Trust PLCex-dividend payment date
Computacenter PLCex-dividend payment date
Downing Strategic Micro-Cap Investment Trust PLCex-dividend payment date
Edinburgh Investment Trust PLCex-dividend payment date
Energean PLCex-dividend payment date
Equals Group PLCex-dividend payment date
FDM Group Holdings PLCex-dividend payment date
Gemfields Group Ltdex-dividend payment date
Good Energy Group PLCex-dividend payment date
Helios Underwriting PLCex-dividend payment date
Henderson European Focus Trust PLCex-dividend payment date
Informa PLCex-dividend payment date
Integrafin Holdings PLCex-dividend payment date
J Sainsbury PLCex-dividend payment date
Jersey Electricity PLCex-dividend payment date
JLEN Environmental Assets Group Ltdex-dividend payment date
Johnson Matthey PLCex-dividend payment date
Judges Scientific PLCex-dividend payment date
Learning Technologies Group PLCex-dividend payment date
Legal & General Group PLCdividend payment date
Marshalls PLCex-dividend payment date
Menhaden Resource Efficiency PLCex-dividend payment date
Michelmersh Brick Holdings PLCex-dividend payment date
Microlise Group PLCex-dividend payment date
National Grid PLCex-dividend payment date
National World PLCex-dividend payment date
Pets At Home Group PLCex-dividend payment date
Renew Holdings PLCex-dividend payment date
Restore PLCex-dividend payment date
Riverstone Credit Opportunities Income PLCex-dividend payment date
Robinson PLCex-dividend payment date
RTC Group PLCex-dividend payment date
Smiths News PLCex-dividend payment date
STS Global Income & Growth Trust PLCex-dividend payment date
Topps Tiles PLCex-dividend payment date
Utilico Emerging Markets Trust PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCex-dividend payment date
Vodafone Group PLCex-dividend payment date
Wickes Group PLCdividend payment date
WPP PLCex-dividend payment date
  
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