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Legal & General Group PLC (LGEN.L)

LGEN.L on London Stock Exchange

259.60GBp
14 Oct 2019
Change (% chg)

-1.20 (-0.46%)
Prev Close
260.80
Open
260.00
Day's High
260.50
Day's Low
253.73
Volume
18,313,901
Avg. Vol
15,645,568
52-wk High
292.30
52-wk Low
214.90

Latest Key Developments (Source: Significant Developments)

Tate & Lyle Announces Agreement For Full Pension Scheme Buy-In With Legal & General
Thursday, 19 Sep 2019 

Sept 19 (Reuters) - Tate & Lyle PLC ::FULL PENSION SCHEME BUY-IN WITH LEGAL & GENERAL.AGREEMENT WILL DELIVER SECURITY FOR UK SCHEME MEMBERS WHILE REMOVING FUTURE RISK FOR CO AND SAVING £20 MILLION OF ANNUAL CONTRIBUTIONS.AGREEMENT FOR A £930 MILLION BULK ANNUITY INSURANCE 'BUY-IN' WITH LEGAL & GENERAL ASSURANCE SOCIETY LIMITED.AGREEMENT IS NOT ANTICIPATED TO IMPACT PROFIT BEFORE TAX FOR YEAR ENDING 31 MARCH 2020.AGREEMENT WILL ELIMINATE NON-CASH NET FINANCE INCOME ON UK SCHEME ACCOUNTING SURPLUS FROM 2021 FINANCIAL YEAR.DE-RECOGNITION OF ACCOUNTING SURPLUS WILL RESULT IN A DECREASE IN GROUP NET EQUITY BY AROUND £180 MILLION.  Full Article

Supermarket Income REIT Buys Sainsbury's Supermarket In Lancashire From L&G
Tuesday, 27 Aug 2019 

Aug 27 (Reuters) - Supermarket Income REIT Plc ::ACQUISITION OF SAINSBURY'S STORE AND NEW LOAN.PROPOSED DEAL FOR £54.4 MILLION.HAS ALSO ARRANGED A NEW FIVE-YEAR, INTEREST-ONLY, TERM LOAN FACILITY WITH DEKABANK.STORE ACQUIRED WITH AN UNEXPIRED LEASE TERM OF 22.5 YEARS WITH ANNUAL, UPWARD-ONLY, RPI-LINKED RENT REVIEWS.£47.6 MILLION LOAN FACILITY IS PRICED WITH A FIXED RATE EQUAL TO A 1.35% MARGIN OVER 3 MONTH LIBOR.ALSO ARRANGED A NEW FIVE-YEAR, INTEREST-ONLY, TERM LOAN FACILITY WITH DEKABANK.ACQUISITION OF SAINSBURY'S SUPERMARKET IN PRESTON, LANCASHIRE FROM LEGAL & GENERAL.PROPOSED DEAL REFLECTS A NET INITIAL YIELD OF 5.1%.  Full Article

Legal & General Retail Retirement Buys MyFutureNow
Monday, 12 Aug 2019 

Aug 12 (Reuters) - Legal & General Retail Retirement::LEGAL & GENERAL RETAIL RETIREMENT SAYS HAS, FOR AN UNDISCLOSED PRICE, PURCHASED 100% STAKE IN FINOVATION LTD, TRADING AS MYFUTURENOW.  Full Article

Legal & General Exchanges Contracts To Complete Cardiff Central Square
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Legal & General Group PLC ::LEGAL & GENERAL - EXCHANGED CONTRACTS TO COMPLETE CARDIFF CENTRAL SQUARE IN PARTNERSHIP WITH WELSH GOVERNMENT, RIGHTACRES PROPERTY.  Full Article

Legal & General Sells Birmingham Office For Around 140 Mln Stg
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Legal & General Group PLC ::LEGAL & GENERAL SELLS BIRMINGHAM OFFICE FOR AROUND £140M.L&G SAYS, ON BEHALF OF ITS SECOND UK PROPERTY INCOME FUND, IT HAS SOLD PRIORY COURT & LEWIS BUILDING IN BIRMINGHAM TO GULF ISLAMIC INVESTMENTS.  Full Article

Legal & General Names Steve Ellis As CEO Of Legal & General Retail Retirement Living Solutions
Thursday, 21 Mar 2019 

March 21 (Reuters) - Legal & General Group PLC ::STEVE ELLIS HAS BEEN APPOINTED CEO OF LEGAL & GENERAL RETAIL RETIREMENT LIVING SOLUTIONS.CLAIRE SINGLETON APPOINTED AS CEO OF LEGAL & GENERAL HOME FINANCE.  Full Article

Aviva dividend move ends new CEO’s brief honeymoon
Thursday, 7 Mar 2019 

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.:.  Full Article

L&G CFO Davies-no sale of general insurance business
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Legal & General Group PLC ::CFO JEFF DAVIES SAYS "FROM TIME TO TIME" GET OFFERS FOR GENERAL INSURANCE BUSINESS, NOTHING TO REPORT OVER SALE.L&G CFO DAVIES - ACTIVELY QUOTING ON 20 BILLION POUNDS IN POSSIBLE BULK ANNUITY DEALS.  Full Article

L&G Backs Electric Vehicle Charge Point Operator Pod Point
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Legal & General Group PLC ::.  Full Article

Legal & General Names Michelle Scrimgeour CEO Of Investment Management Arm
Monday, 25 Feb 2019 

Feb 25 (Reuters) - Legal & General Group PLC ::DIRECTORATE CHANGE.MICHELLE SCRIMGEOUR APPOINTED CEO OF LGIM.MICHELLE SCRIMGEOUR WILL JOIN LGIM FROM COLUMBIA THREADNEEDLE INVESTMENTS, WHERE SHE IS CURRENTLY CHIEF EXECUTIVE OFFICER.  Full Article

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Legal & General's Morrissey steps down amid BoE speculation

LONDON Helena Morrissey, who has reportedly been interviewed for the job of governor of the Bank of England, is leaving her post as head of Legal & General's personal investing business, the company said on Friday.