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Legal & General Group PLC (LGEN.L)

LGEN.L on London Stock Exchange

272.10GBp
15 Nov 2019
Change (% chg)

0.50 (+0.18%)
Prev Close
271.60
Open
274.40
Day's High
275.00
Day's Low
271.00
Volume
4,084,572
Avg. Vol
16,181,567
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

Legal & General cuts global equities to underweight after recent rally

LONDON Legal & General Investment Management (LGIM), one of Europe's top asset managers, has cut its global equities stance to underweight after the recent rally across stocks amid fuelled by optimism over a possible U.S.-China trade deal, it said on Wednesday.