LGGNF - Legal & General Group Plc
| Previous Close | 2.9025 |
| Open | 2.8750 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 2.8090 - 2.8930 |
| 52 Week Range | 2.1400 - 3.5900 |
| Volume | |
| Avg. Volume | 15,717 |
| Market Cap | 17.281B |
| Beta (5Y Monthly) | 1.37 |
| PE Ratio (TTM) | 6.43 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.23 (8.02%) |
| Ex-Dividend Date | Apr 27, 2023 |
| 1y Target Est | N/A |
- The Telegraph
Heat pumps to be installed in 50,000 households a year
A green energy company plans to install 50,000 heat pumps a year in British homes after securing a £70m investment from Octopus Energy and Legal & General.
- Simply Wall St.
Legal & General Group Plc (LON:LGEN) is a favorite amongst institutional investors who own 79%
Key Insights Institutions' substantial holdings in Legal & General Group implies that they have significant influence...
- PA Media: Money
475 jobs at risk as L&G halts production at modular housing factory
The finance-to-property group has said it plans to cease production at the site in Selby, North Yorkshire, after years of weak demand.
- The Guardian
Legal & General halts new production at modular homes factory near Leeds
Group tells staff it will let most of them go, as it considers options for loss-making factory
- Sky News
L&G shuts modular housing factory with loss of 450 jobs
Legal & General (L&G), the FTSE 100 asset management and pensions giant, is to close its modular housebuilding factory, in a move which will put 450 jobs at risk and cast doubts over the future of a supposedly pioneering sector. Sky News has learnt the company informed staff at its site in Selby, Yorkshire, that it intends to stop producing there following years of weak demand. L&G established the modular housing arm seven years ago, building a factory with the capacity to construct 3,000 modular homes each year.
- The Guardian
Fast-build modular homes – an answer to the UK housing crisis?
Industry in UK is still largely loss-making but there are hopes it might soon deliver significant proportion of new homes
- Reuters
UPDATE 1-L&G's fund arm to back climate votes at U.S., Canadian banks
Britain's biggest asset manager, Legal & General Investment Management (LGIM), said on Thursday it would back a number of climate-focused shareholder resolutions at the annual meetings of eight leading U.S. and Canadian banks. LGIM, insurer Legal & General's fund arm, which manages around $1.5 trillion, said it was going public ahead as part of an escalation strategy after backing several climate votes last year. "We continue to consider that decarbonisation of the banking sector and its clients is key to ensuring that the goals of the Paris Agreement are met," LGIM said in a statement, referring to the world's shared goal of capping global warming.
- Reuters
L&G's fund arm to back climate votes at U.S., Canadian banks
LONDON (Reuters) -Britain's biggest asset manager, Legal & General Investment Management (LGIM), said on Thursday it would back a number of climate-focused shareholder resolutions at the annual meetings of eight leading U.S. and Canadian banks. LGIM, insurer Legal & General's fund arm, which manages around $1.5 trillion, said it was going public ahead as part of an escalation strategy after backing several climate votes last year. "We continue to consider that decarbonisation of the banking sector and its clients is key to ensuring that the goals of the Paris Agreement are met," LGIM said in a statement, referring to the world's shared goal of capping global warming.
- PA Media: Money
Almost half of households ‘concerned over meeting rent or mortgage bills’
Bosses at pensions and life insurance giant Legal & General also warned that inequalities across Britain have worsened over the past year.
- PA Media: Money
L&G boss warns UK left lagging behind as a ‘low growth, low wage’ economy
Sir Nigel Wilson said regulation and government policy has held the pensions and insurance giant back from investing across Britain.
- Reuters
Legal & General 2022 operating profit up stronger-than-expected 12%
FRANKFURT (Reuters) -Operating profit at British life insurer and asset manager Legal & General Group Plc rose a stronger-than-expected 12% in 2022, helped by its retail operations but dragged down by market moves at its asset management division, it said on Wednesday. The company, one of Britain's largest insurers by assets and market capitalisation, said that it was on track to meet its medium-term goals. "We are seeing some big positive macro and demographic trends which are reinforcing the growth of our business," Chief Executive Officer Nigel Wilson told Reuters, referring in part demand for its products as populations age.
- Investing.com
Legal & General profit up 12% in 2022 as rising rates boost pension business
By Geoffrey Smith
- Reuters
Ex-JPMorgan bankers start emerging market infrastructure investment firm
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. The firm, ImpactA Global, aims to help address the World Bank's estimated need for $1 trillion in annual investment in emerging market infrastructure to meet development goals. "The idea to set this up came out of our frustration of seeing so many good projects fail to reach close because the (necessary piece) of capital is missing," said Isabella da Costa Mendes, ImpactA's co-chief executive officer, in an interview.
- Reuters
Legal & General sues Glencore for investor losses after corruption fallout - FT
Glencore's UK subsidiary pleaded guilty to seven instances of bribery last June in relation to its oil operations in Africa, and was ordered to pay a penalty of 276.4 million pounds ($310.6 million) in November. L&G's case concerns alleged losses to shareholders resulting from Glencore's statements to the market, after corruption probes revealed misconduct, the FT reported on Thursday, citing people familiar with the matter. The claim has been formally launched, but the asset manager has not filed legal documents yet detailing its allegations, the report added.
- The Guardian
Legal & General’s claim delays are adding to my trauma after brain surgery
Statutory sick pay is ending, and I fear it is looking for a reason not to pay income protection
- Zacks
Should Value Investors Buy Ageas (AGESY) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- The Telegraph
Legal & General boss steps down after more than a decade
Legal & General boss Sir Nigel Wilson is stepping down after more than a decade leading the financial services giant.
- The Guardian
Legal & General chief executive Nigel Wilson to retire
Asset manager and insurance group’s shares fall after news, making it the worst performer on the FTSE 100
- Evening Standard
L&G begins search for new leader as Sir Nigel Wilson moves to stand down
City reformer who saw Brexit vote coming
- PA Media: Money
L&G boss to bow out after more than a decade in top job
Sir Nigel Wilson has been chief executive of the insurer since 2012, having joined L&G in 2009 as chief financial officer.
- Yahoo Finance UK
Wall Street falls ahead of Fed rate decision while FTSE bounces back
FTSE cautious as investors brace for central bank decisions in the UK, eurozone and the US later this week.
- Zacks
Is Allianz (ALIZY) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Reuters
L&G plans to vote against Capricorn leadership and NewMed merger
LONDON (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. Capricorn shareholders will vote on the NewMed deal on the morning of Feb. 1 before voting in the afternoon on activist investor Palliser's proposal to overhaul the board. The deal is opposed by Capricorn's three biggest investors, who say that it undervalues Capricorn.
- Zacks
Are Investors Undervaluing Legal & General Group (LGGNY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
