|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.53 - 14.68|
|52 Week Range||11.18 - 17.63|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||6.48|
|Forward Dividend & Yield||1.13 (7.86%)|
|Ex-Dividend Date||Apr 27, 2023|
|1y Target Est||N/A|
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.
Key Insights Institutions' substantial holdings in Legal & General Group implies that they have significant influence...
The finance-to-property group has said it plans to cease production at the site in Selby, North Yorkshire, after years of weak demand.
Group tells staff it will let most of them go, as it considers options for loss-making factory
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.
Industry in UK is still largely loss-making but there are hopes it might soon deliver significant proportion of new homes
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.
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.
Study analyzes savings and retirement shortfalls of freelancers
Bosses at pensions and life insurance giant Legal & General also warned that inequalities across Britain have worsened over the past year.
Legal & General (LGEN:LN) today released its 2022 year-end earnings report. Below is a brief synopsis—for a more in-depth view, please access the full report through this link.
32% Average Pay Gap between male and female gig workers
Sir Nigel Wilson said regulation and government policy has held the pensions and insurance giant back from investing across Britain.
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.
By Geoffrey Smith
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.
53% say Not Having a Boss is the main benefit of gig work
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.
Statutory sick pay is ending, and I fear it is looking for a reason not to pay income protection
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Legal & General boss Sir Nigel Wilson is stepping down after more than a decade leading the financial services giant.
Asset manager and insurance group’s shares fall after news, making it the worst performer on the FTSE 100
City reformer who saw Brexit vote coming
Sir Nigel Wilson has been chief executive of the insurer since 2012, having joined L&G in 2009 as chief financial officer.
FTSE cautious as investors brace for central bank decisions in the UK, eurozone and the US later this week.