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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: 246.60
Bid: 247.10
Ask: 247.30
Change: 5.70 (2.37%)
Spread: 0.20 (0.081%)
Open: 245.60
High: 248.10
Low: 244.00
Prev. Close: 240.90
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Wednesday newspaper round-up: Bank of England, Protectionism, Listings

Wed, 19th Mar 2014 07:08

The central bank must focus on both financial stability and inflation. To concentrate just on the latter could turn into a dangerous distraction. In particular, officials must watch against excessive risk-taking amidst an environment of predictably low interest rates, as occurred before the last financial crisis, Bank of England Governor Mark Carney said in a speech on Tuesday night. For that reason, in parallel Carney announced changes to the composition of the Monetary Policy Committee, including the naming of an outsider to the post of Deputy Governor and changes in various posts meant to shake-up the decision making process at the monetary authority, The Scotsman writes. A significant part of the UK financial services industry's total tax contribution to Britain, about £25bn out of a total of £65bn, may be at risk as a result of increasingly protectionist financial regulations both in Europe and the UK, according to a report from TheCityUK. More and more, the new rules are asking that trading should be conducted within national borders instead of via international hubs, such as the City. Worse even, Britain stands to lose up to 200,000 jobs as a result of those same new rules, The Times reports. AS Watson, the Hong Kong firm behind Superdrug and The Perfume Shop, is planning a London listing in the latest wave of floats, according to reports. The firm is owned by tycoon Li Ka-Shing, the richest man in Asia and the owner, amongst other assets, of London's electricity grid and Northumbrian Water. The flotation could reportedly raise £3.6bn in funds, The Daily Mail writes. Broadband provider TalkTalk has unveiled a raft of price increases across its product range, alongside the addition of new Sky channels to its Plus TV package. In fact, as of May its customers may now have to fork out up to £42 more per year for its broadband and TV packages. This is the second price rise announced in six months. Its popular Essentials TV package and its low-cost SimplyBroadband deal will now be £1 a month dearer for users of those services. All line rental customers will see their charges increase by 55p a month to £15.95, The Guardian says. Legal and General has decided to move into the affordable housing sector as part of its wider strategy in infrastructure. It is to purchase 4,000 units from Places for People for approximately £252m. In turn, that company will deploy those funds towards the construction of 7,000 new housing units over the next seven years. For its part, the insurance giant obtains long-term returns which match up well with the long-term liabilities in its pensions business, The Daily Express says. Do-it-yourself investors stand to gain hundreds of pounds a year from reduced charges as fund managers and fund supermarkets are forced to provide greater transparency on what they charge. Now, instead of charging the customer together, without revealing what each part makes, they must each do so separately, The Daily Mail writes.AB
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15 Jun 2023 09:00

TOP NEWS: Santander head of Europe to join Legal & General as CEO

(Alliance News) - Legal & General Group PLC on Thursday said Banco Santander SA's regional head of Europe, Antonio Simoes, will join the company as chief executive officer.

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15 Jun 2023 07:52

Santander appoints Pedro Castro e Almeida as Europe's regional head

MADRID, June 15 (Reuters) - Spain's Santander on Thursday announced it appointed Pedro Castro e Almeida as regional head for Europe, replacing Antonio Simoes, who was hired to head Britain's Legal and General Group.

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15 Jun 2023 07:40

Legal & General appoints António Simões as CEO

(Sharecast News) - Legal & General said on Thursday that it has appointed António Simões as chief executive officer.

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6 Jun 2023 12:17

LONDON MARKET MIDDAY: FTSE 100 underwhelms as BP and Shell fall

(Alliance News) - Stock prices in London were lower at midday on Tuesday, with the FTSE 100 hurt by share price falls for oil majors, while a less than stellar reading of the UK retail sector kept a lid on sentiment.

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5 Jun 2023 10:39

Watkin Jones announces forward sale of development in Belfast

(Alliance News) - Watkin Jones PLC on Monday announced the forward sale of Loft Lines, a development site in Belfast, to life insurance and financial services provider Legal & General Group PLC and the Clanmil Housing Association.

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26 May 2023 18:17

Glencore's shareholder opposition to climate report grows

LONDON, May 26 (Reuters) - Just over 30% of Glencore's investors rejected the company's climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions.

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26 May 2023 16:16

Glencore's shareholder opposition to climate report grows

LONDON, May 26 (Reuters) - Just over 30% of Glencore's investors rejected the company's climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions.

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24 May 2023 16:18

'Soft compulsion' needed to nudge pension cash into UK companies, says L&G

LONDON, May 24 (Reuters) - Britain has been investing in the wrong things for two decades and 'soft compulsion' is needed to nudge pension fund money towards growth sectors, a top investment executive said on Wednesday.

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21 May 2023 14:45

Sunday newspaper round-up: The Restaurant Group, Severn Trent, Facebook

(Sharecast News) - The Restaurant Group, owner of the Wagamama chain, is under increasing pressure to break up after TMR Capital proposed last week to management that it sell all its brands save that one. TMR was the fourth activist shareholder to make the case for change. Under the plans presented by TMR, Restaurant group should then focus on expanding the chain before going private via a sale. The clash on strategy comes amid a surge in the cost of ingredients, energy and salaries. - The Sunday Telegraph

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15 May 2023 10:04

ISS advises Glencore shareholders to vote against climate progress report

LONDON, May 15 (Reuters) - Glencore's investors should vote against the global miner and trader's climate progress report and in favour of a shareholder resolution seeking more disclosure on thermal coal, proxy advisor Institutional Shareholder Services (ISS) said.

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11 May 2023 15:44

UK shareholder meetings calendar - next 7 days

Friday 12 May 
Balfour Beatty PLCAGM
Derwent London PLCAGM
Goodbody Health LtdAGM
GreenRoc Mining PLCAGM
Hutchmed (China) LtdAGM
Itim Group PLCAGM
Itsarm PLCGM re delisting from AIM
Wheaton Precious Metals CorpAGM
Monday 15 May 
GCP Asset Backed Income Fund LtdAGM
Tuesday 16 May 
accesso Technology Group PLCAGM
Chesnara PLCAGM
Dialight PLCAGM
Equals Group PLCAGM
Essentra PLCAGM
FDM Group Holdings PLCAGM
iEnergizer LtdGM re proposed cancellation of admission to trading on AIM
IQGeo Group PLCAGM
Kakuzi PLCAGM
PYX Resources LtdAGM
Synthomer PLCAGM
TI Fluid Systems PLCAGM
Vector Capital PLCAGM
Wednesday 17 May 
Alpha Group International PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Baillie Gifford Shin Nippon PLCAGM
Cenkos Securities PLCGM re all-share merger between Cenkos and finnCap
Coats Group PLCAGM
Coca-Cola HBC AGAGM
Computacenter PLCAGM
Conduit Holdings LtdAGM
EKF Diagnostics Holdings PLCAGM
finnCap Group PLCGM re all-share merger between Cenkos and finnCap
Gamma Communications PLCAGM
Georgia Capital PLCAGM
Greggs PLCAGM
HgCapital Trust PLCAGM
Highcroft Investments PLCAGM
Impact Healthcare REIT PLCAGM
Just Eat Takeaway.com NVAGM
Keller Group PLCAGM
LMS Capital PLCAGM
Mpac Group PLCAGM
Savills PLCAGM
Tortilla Mexican Grill PLCAGM
TP ICAP Group PLCAGM
WPP PLCAGM
Thursday 18 May 
Asimilar Group PLCAGM
Belvoir Group PLCAGM
Bridgepoint Group PLCAGM
Central Asia Metals PLCAGM
Ceres Power Holdings PLCAGM
ConvaTec Group PLCAGM
Diaceutics PLCAGM
Digital 9 Infrastructure PLCAGM
Fintel PLCAGM
Genuit Group PLCAGM
Inchcape PLCAGM
Invesco Asia Trust PLCAGM
Legal & General Group PLCAGM
Lloyds Banking Group PLCAGM
musicMagpie PLCAGM
Next PLCAGM
NIOX Group PLCAGM
PensionBee Group PLCAGM
Public Policy Holding Co IncAGM
Quilter PLCAGM
Riverstone Energy LtdAGM
Safestyle UK PLCAGM
Science Group PLCAGM
Secure Trust Bank PLCAGM
Smart Metering Systems PLCAGM
Somero Enterprises IncAGM
St James's Place PLCAGM
Tyman PLCAGM
Unite Group PLCAGM
Vesuvius PLCAGM
Vistry Group PLCAGM
Yu Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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11 May 2023 11:38

Glass Lewis joins call for increased Glencore disclosure on coal

LONDON, May 11 (Reuters) - Proxy adviser Glass Lewis has urged investors in global miner and trader Glencore to support a shareholder resolution asking for more disclosure on thermal coal production.

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5 May 2023 11:01

Investors irked by Glencore's stance on thermal coal AGM vote

Investors seeking more information on thermal coal plans

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4 May 2023 13:47

Investors managing $10 trln urge faster corporate action on plastics

Amundi, Pictet, Bailard among those signing statement

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25 Apr 2023 17:58

Top US banks face little investor pressure on fossil-fuel financing

April 25 (Reuters) - Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the lenders to wind down new fossil fuel financing, setbacks for climate activists who had hoped for new constraints on the oil and gas industries.

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