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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: 251.90
Bid: 252.10
Ask: 252.20
Change: 1.90 (0.76%)
Spread: 0.10 (0.04%)
Open: 254.00
High: 257.50
Low: 251.30
Prev. Close: 250.00
LGEN Live PriceLast checked at -

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Thursday newspaper share tips: Investing in Legal and General a good insurance policy

Thu, 05th Nov 2015 11:13

(ShareCast News) - Betting on Legal and General may be a good long-term strategy, according to The Times's Tempus.The insurer posted a 14% rise in net cash generation for the first nine months of the year on Wednesday as it said it is ahead of its target to deliver £80m of operating cost savings this year.Tempus said the business is having a bit of a tidy up as it moves its operating model away from having large amounts of capital to a model whether others take on the asset risk. On top of that, it is selling non-core businesses around the world, leaving markets where it doesn't have a large base, and cutting £80m in costs this year.However, Tempus noted its performance really comes down to cash generation, which beat market forecasts again. This frees up money to cover an assured 13.5p dividend which offers a 5% yield. For those reasons, it has suggested the shares are worth a long-term buy.Over in The Telegraph, Questor is keeping an eye on a few smaller stocks, particularly traffic and transport analysis group Tracsis.After the AIM-listed firm reporting a solid set of annual results on Wednesday, the share price dropped 2%. But based on some healthy cash generation, its long term growth prospects look good.Questor highlighted that software contracts are long-term in their nature, which makes the company very cash generative. This led cash levels to rise from £8.9m to £13.3m at the end of July. With the shares highly valued and an expectation that pre-tax profits will increase more than 20% to £6.1m, Questor says it's a share worth buying.
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10 Aug 2022 14:46

BofA says Legal and General dividend 'should not be in any danger'

(Sharecast News) - Analysts at Bank of America Securities reiterated their 'buy' recommendation for shares of Legal&General following the financial services outfit's latest half-year update.

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10 Aug 2022 09:59

LONDON BROKER RATINGS: UBS starts Endeavour Mining at 'buy'

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

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9 Aug 2022 09:29

Rising interest rates boost Legal & General-CEO

LONDON, Aug 9 (Reuters) - Rising interest rates are helping Legal & General's business, its chief executive said on Tuesday as the British life insurer recorded an above-forecast 8% rise in first-half operating profit and said it was on track to meet or beat its financial goals.

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9 Aug 2022 09:07

LONDON MARKET OPEN: Stocks search for direction in flat trading

(Alliance News) - The investment mood in London soured on Tuesday morning, with a disappointing lead from Wall Street compounded by Taiwan raising fears that China will invade the island.

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9 Aug 2022 08:53

REPEAT: Legal & General profit up but volatile markets hit assets

(Alliance News) - Legal & General Group PLC on Tuesday lifted its interim payout as it reported growth in profit and capital generation during what was a "good start" to 2022.

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9 Aug 2022 08:48

TOP NEWS: Legal & General profit up by volatile markets hit assets

(Alliance News) - Legal & General Group PLC on Tuesday lifted its interim payout as it reported growth in profit and capital generation during what was a "good start" to 2022.

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9 Aug 2022 07:54

Legal & General operating profit rises 8%

(Sharecast News) - UK insurer Legal & General lifted interim operating profits on Tuesday, driven by higher interest rates and a strong annuity portfolio performance.

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9 Aug 2022 07:52

LONDON MARKET PRE-OPEN: IHG hotels see demand grow; abrdn assets down

(Alliance News) - Stocks in London were set to open weaker on Tuesday, with a timid session in New York on Monday sapping the positive momentum that had gathered in Europe at the start of the week.

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8 Aug 2022 12:11

LONDON MARKET MIDDAY: Stocks rise as attention turns to US CPI report

(Alliance News) - Stock prices in London were higher at midday after positive employment figures from the US on Friday and export growth from China on Monday, while tensions over Taiwan continued to simmer between the two.

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8 Aug 2022 09:37

LONDON BROKER RATINGS: JPMorgan raises L&G but cuts M&G and Phoenix

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

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8 Aug 2022 09:09

LONDON MARKET OPEN: Stocks rise: PageGroup cautious on outlook

(Alliance News) - Stock prices in London opened higher on Monday as investors prepare for another big week of earnings, while PageGroup shares fell sharply on cautious outlook comments.

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8 Aug 2022 08:18

LONDON BRIEFING: BHP's GBP5 billion approach for Oz Minerals rejected

(Alliance News) - Miner BHP on Monday said that it offered to buy Oz Minerals late last week but that the Oz board rejected its approach.

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8 Aug 2022 08:03

JPMorgan upgrades L&G, downgrades Phoenix

(Sharecast News) - In a note on the UK life insurance sector on Monday, JPMorgan Cazenove upped its stance on Legal & General but downgraded M&G and Phoenix Group.

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8 Aug 2022 06:10

The pound, gilts and renewables: the winners and losers under Britain's future PM

LONDON, Aug 8 (Reuters) - The race to be the next leader of Britain's ruling-Conservative Party and the country's prime minister is into its final leg, with the September outcome likely to shape the fortunes of sterling, gilts and UK stocks in coming months.

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4 Aug 2022 22:30

Liz Truss to set out economic plans to finance sector in bid to lead Britain

LONDON, Aug 4 (Reuters) - Liz Truss, front-runner to be Britain's next prime minister, will set out her economic plans to finance sector officials on Friday, including scrapping legacy EU laws by the end of 2023.

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