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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: 235.80
Bid: 235.80
Ask: 235.90
Change: 0.50 (0.21%)
Spread: 0.10 (0.042%)
Open: 235.60
High: 236.90
Low: 234.80
Prev. Close: 235.30
LGEN Live PriceLast checked at -

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Wednesday newspaper share tips: Legal&General, Inchcape

Wed, 16th Mar 2016 15:16

(ShareCast News) - Worries surrounding Legal&General's capital position and future dividends appeared to be unjustified, The Times's Tempus said.The insurer's full-year capital surplus, on the basis of the European Solvency II requirements, printed at £5.5bn or about 169% of what it required to support underwriting, below the numbers reported by rivals Aviva and Prudential.Nonetheless, that was above the company's own target of 140% and it was becoming increasingly difficult to compare individual firms' numbers on account of the new regulation."What is obvious is that it is becoming difficult to compare the numbers from the individual insurers, which is increasing the market's uncertainty," Tempus said.As well, L&G, like the other big players, had the option adding to their reserves by acquiring any smaller closed annuity books that came on the market, the tipster pointed out.The historical yield was still approaching 6.0% too.Its bulk annuity sales were also set to rise again, the company's share of the auto-enrollment market could only grow and it had a foothold in the US."L&G would seem to be in all the right markets and the price fall looks overdone given that dividend yield, Buy," Tempus said. Inchcape saw solid signs of improvement in its business last year, but cautious sounds from management were reason enough to steer clear of the stock for now, Tempus said.The self-described provider of car sales for vehicle manufacturers faces uncertainty in many of the markets it serves, such as Greece, Ethiopia, and Russia.Management was also cautious about Hong Kong.Furthermore, it has yet to promise a repeat of the £100m in buybacks - courtesy of its strong cash generation - carried out over the past three years.Trading well back from the highs reached last May, the stock was selling on 13 times earnings, which "doesn't look like a high rating" Tempus said.Nonetheless, the shares are best avoided for now as there is "no obvious catalyst for further immediate progress," Tempus concluded.
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30 Jan 2023 08:28

TOP NEWS: Legal & General Wilson to retire as CEO after over 10 years

(Alliance News) - Legal & General Group PLC on Monday said Chief Executive Nigel Wilson plans to step down, after more than a decade in post.

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30 Jan 2023 08:06

L&G chief executive Nigel Wilson to retire

(Sharecast News) - Legal & General said on Monday that Sir Nigel Wilson is planning to retire after more than a decade as chief executive.

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24 Jan 2023 11:45

JPMorgan-backed Smart Pension to raise more than 100 mln stg in equity -sources

LONDON, Jan 24 (Reuters) - Smart Pension, a British pension services provider backed by JPMorgan and Legal & General, is in discussions with investors to raise more than 100 million pounds ($123.13 million) worth of equity capital, two sources close to the matter told Reuters.

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23 Jan 2023 10:37

Glass Lewis recommends vote against Capricorn board, NewMed merger

Big question mark over Capricorn's planned merger with NewMed

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23 Jan 2023 09:20

Legal & General Chair John Kingman to become chair of Barclays Bank UK

(Alliance News) - Barclays PLC and Legal & General Group PLC on Monday said L&G Chair John Kingman will join the board of Barclays as a non-executive director on June 1 and will become the next chair of Barclays Bank UK PLC.

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16 Jan 2023 15:48

L&G plans to vote against Capricorn leadership and NewMed merger

LONDON, Jan 16 (Reuters) - Asset manager Legal & General plans to take the rare step of voting to oust energy group Capricorn's senior leadership and halt its planned merger with NewMed, according to a company document seen by Reuters.

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10 Jan 2023 10:11

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

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

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Aviva Investors, LGIM among those to join campaign

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(Alliance News) - Stock prices in London opened mixed on Friday, amid economic gloom in the UK, despite new data showing slight improvements in retail sales and consumer confidence.

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