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Legal & General Group PLC (LGEN.L)

LGEN.L on London Stock Exchange

285.00GBp
9 Dec 2019
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285.00
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16,541,378
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292.30
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214.90

Latest Key Developments (Source: Significant Developments)

Legal & General Discloses 6.85% Stake In Filtronic - Filing
Friday, 6 Dec 2019 

Dec 6 (Reuters) - Filtronic PLC ::LEGAL & GENERAL DISCLOSES 6.85% STAKE IN FILTRONIC PLC AS AT DEC 5 VERSUS PRIOR STAKE OF 7.99%- FILING.  Full Article

Legal & General Expects To Launch GBP-Denominated Benchmark Tier 2 Subordinated Debt Issuance
Tuesday, 19 Nov 2019 

Nov 19 (Reuters) - Legal & General Group PLC ::BUSINESS UPDATE.GROUP ESTIMATES ITS YEAR-END SOLVENCY RATIO WILL BE IN A RANGE OF 171% TO 176% (H1 2019: 171%).EXPECTS TO LAUNCH GBP-DENOMINATED BENCHMARK TIER 2 SUBORDINATED DEBT ISSUANCE.WILL CONFIRM AMOUNT OF DEBT RAISED AFTER ISSUANCE HAS SETTLED.LGIM HAS ACHIEVED EXTERNAL NET FLOWS OF £83 BILLION IN YEAR TO 31 OCTOBER.LGRI HAS TRANSACTED £8.5 BILLION OF GLOBAL PENSION RISK TRANSFER (PRT) TO 31 OCTOBER 2019.LGRR ACHIEVED INDIVIDUAL ANNUITY SALES OF £829 MILLION TO 31 OCTOBER 2019, UP 34% YEAR ON YEAR.LGRI IS IN EXCLUSIVE NEGOTIATIONS ON A FURTHER GLOBAL PRT PIPELINE OF £3 BILLION WHICH WE EXPECT TO COMPLETE BEFORE YEAR END.LGIM'S AUM AS AT 31 OCTOBER IS £1.2 TRILLION, AN INCREASE OF CIRCA £200 BILLION SINCE FULL YEAR 2018.  Full Article

Legal & General Invests £125 Mln London Corporation Via Green And Sustainable Financing Network
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - Legal & General Group PLC ::LEGAL & GENERAL INVESTS £125M IN THE CITY OF LONDON CORPORATION VIA GREEN AND SUSTAINABLE FINANCING NETWORK.  Full Article

Legal & General Says MD Of Principal Investing At Legal & General Capital Has Decided To Leave Co
Monday, 28 Oct 2019 

Oct 28 (Reuters) - Legal & General Group PLC ::LEGAL & GENERAL - PAUL MILLER, MANAGING DIRECTOR OF PRINCIPAL INVESTING AT LEGAL & GENERAL CAPITAL HAS DECIDED TO LEAVE COMPANY.  Full Article

Legal & General Affordable Homes Names Anette Simpson As Director Of Development And Partnerships
Monday, 21 Oct 2019 

Oct 21 (Reuters) - Legal & General Group PLC ::LEGAL & GENERAL AFFORDABLE HOMES - COMMITTED £750M TO NEW AFFORDABLE HOUSING PROJECTS THROUGHOUT THE UK,.LEGAL & GENERAL AFFORDABLE HOMES - APPOINTS FORMER CAPCO DIRECTOR, ANETTE SIMPSON, AS DIRECTOR OF DEVELOPMENT AND PARTNERSHIPS.  Full Article

Legal & General Receives FCA Approval For Lifetime Mortgage Advice Business
Friday, 4 Oct 2019 

Oct 4 (Reuters) - Legal & General Group PLC ::SECURED APPROVAL FROM FINANCIAL CONDUCT AUTHORITY TO LAUNCH ADVICE BUSINESS FOR CO'S HOME FINANCE’S RANGE OF LIFETIME MORTGAGES.NEW BUSINESS, LEGAL & GENERAL FINANCIAL ADVICE LTD, WILL FORM PART OF LEGAL & GENERAL’S RETAIL RETIREMENT DIVISION.  Full Article

Legal & General Announces £35 Mln Buyout Of U.S. Law Firm's UK Pension Scheme
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - Legal & General Group Plc ::LEGAL & GENERAL ASSURANCE SOCIETY LTD - HAS AGREED A C£35M BUYOUT FOR U.S. OWNED LAW FIRM EDWARDS WILDMAN PALMER LLP’S UK PENSION SCHEME.  Full Article

Woodford To Offload Stake In Accelerated Digital Ventures To L&G - Sky News
Wednesday, 14 Aug 2019 

Aug 13 (Reuters) - :WOODFORD TO OFFLOAD STAKE IN ACCELERATED DIGITAL VENTURES TO L&G - SKY NEWS.  Full Article

Rolls-Royce's UK Pension Trustee Transfers Some Pension Liabilities To Legal & General
Thursday, 6 Jun 2019 

June 6 (Reuters) - Rolls-Royce Holdings Plc ::ROLLS-ROYCE HOLDINGS - TRANSFER OF PENSION LIABILITIES TO LEGAL & GENERAL.COMPLETED A DEAL TO TRANSFER CERTAIN PENSION RISK LIABILITIES TO LEGAL & GENERAL ASSURANCE SOCIETY LIMITED.DEAL COVERS TRANSFER OF ASSETS AND LIABILITIES RELATING TO APPROXIMATELY 33,000 PENSIONERS.DEAL WILL SEE ROLLS-ROYCE MAKE AN EXCEPTIONAL CASH CONTRIBUTION OF AROUND £30M.FREE CASH FLOW GUIDANCE FOR FULL YEAR REMAINS UNCHANGED.TRANSACTION TO FULLY INSURE BENEFITS PAYABLE FROM FUND AND PROVIDE PERMANENT SECURITY FOR PENSIONERS.DEAL WILL FULLY INSURE BENEFITS PAYABLE FROM FUND.TRANSACTION TO REDUCE GROUP'S POST-RETIREMENT OBLIGATIONS BY AROUND £4.1 BILLION..DEAL WILL PROVIDE PERMANENT SECURITY FOR PENSIONERS, WHILE REDUCING GROUP'S POST-RETIREMENT OBLIGATIONS BY AROUND £4.1 BILLION.ROLLS-ROYCE TRUSTEE WILL TRANSFER AROUND £4.6BN OF ASSETS.ROLLS-ROYCE TRUSTEE'S TRANSFER OF ASSETS RESULTS IN REDUCTION IN NET ASSETS OF AROUND £0.5BN THOUGH FUNDING LEVELS REMAIN UNCHANGED.RESIDUAL OBLIGATIONS, WHICH REMAIN WELL FUNDED, WILL BE SMALLER WITH LESS RISK FOR TRUSTEE AND ROLLS-ROYCE TO MANAGE IN FUTURE.  Full Article

Allianz UK To Acquire Legal & General Insurance Ltd
Friday, 31 May 2019 

May 31 (Reuters) - Allianz SE ::ALLIANZ STRENGTHENS ITS PRESENCE IN THE UK.ALLIANZ UK TO ACQUIRE 100 PERCENT OF LEGAL & GENERAL INSURANCE LIMITED, THE GENERAL INSURANCE BUSINESS OF LEGAL & GENERAL GROUP PLC FOR 242 MILLION POUNDS.ALLIANZ UK TO BUY OUT THE REMAINING 51 PERCENT STAKE IN LV GENERAL INSURANCE GROUP (LV GIG) FOR UP TO 578 MILLION POUNDS FROM LIVERPOOL VICTORIA FRIENDLY SOCIETY (LVFS).  Full Article

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Fund managers deploy machines to decipher British election riddle

LONDON Question: How do you predict the outcome of a snap election when so many polls have been so wrong, half of voters haven't made up their minds and the crucial factor may not be who wins, but how much they win by?