LGEN.L - Legal & General Group Plc
| Previous close | 283.10 |
| Open | 284.30 |
| Bid | 275.00 x 195200 |
| Ask | 287.00 x 855900 |
| Day's range | 282.50 - 284.94 |
| 52-week range | 248.10 - 284.94 |
| Volume | 12,786,167 |
| Avg. volume | 19,317,363 |
| Market cap | 16.833B |
| Beta | 0.60 |
| PE ratio (TTM) | 8.95 |
| EPS (TTM) | 31.70 |
| Earnings date | 8 Aug 2018 |
| Forward dividend & yield | 0.15 (5.49%) |
| Ex-dividend date | 2018-04-26 |
| 1y target est | 284.94 |
- Bloomberg•3 days ago
Helena Morrissey Bets on Women in Workforce for Better Returns
Legal & General Investment Management launched a gender-diversity fund that Helena Morrissey, a campaigner and executive at the firm, said will help improve female representation at U.K. companies. Gender pay gaps aren’t among the criteria at launch but may be included later, LGIM said in a statement on Thursday. “Gender inequality is one of the key issues of our time and one that generates so much frustration,” said Morrissey, head of personal investing at LGIM, which oversees about 983 billion pounds ($1.3 trillion).
Reuters•3 days agoL&G fund shows Renewables Infrastructure leads the pack on gender
Just one of Britain's top 350 companies - Renewables Infrastructure Group (TRIG.L) - has a "perfect" record on gender diversity, as tracked in a new fund from Legal & General Investment Management. The L&G Future World Gender in Leadership UK Index Fund, or GIRL fund, is the first such fund to focus on British firms and tilts its relative holdings of each company based on how it performs on four measures of gender diversity. Companies are graded based on the degree of female representation on the board, among the executive body, in management as well as the broader workforce, factors LGIM is pushing companies it invests in to address.
- Reuters - UK Focus•4 days ago
L&G fund shows Renewables Infrastructure leads the pack on gender
Just one of Britain's top 350 companies - Renewables Infrastructure Group - has a "perfect" record on gender diversity, as tracked in a new fund from Legal & General Investment Management. The L&G Future World Gender in Leadership UK Index Fund, or GIRL fund, is the first such fund to focus on British firms and tilts its relative holdings of each company based on how it performs on four measures of gender diversity. Companies are graded based on the degree of female representation on the board, among the executive body, in management as well as the broader workforce, factors LGIM is pushing companies it invests in to address.
Sky News•5 days ago‘City superwoman’ Morrissey to unveil gender diversity fund
The "City Superwoman" who has played a vital role in increasing the number of women in British boardrooms is to spearhead the first mainstream fund that will invest in UK companies based on their gender balance. Sky News has learnt that Dame Helena Morrissey, the head of personal investing at Legal & General Investment Management (LGIM), will outline plans on Thursday for an index fund that will be weighted according to blue-chip companies' gender diversity across their workforces. LGIM, which has about £1trn in assets under management, has previously said that it will use its voting muscle at company annual meetings to oppose the re-election of FTSE-350 chairs who preside over boards with fewer than 25% female membership.
- Reuters - UK Focus•11 days ago
EMERGING MARKETS-Tepid dollar, strong commodities lift emerging stocks
Emerging market equities extended gains and some currencies bounced on Thursday as a tepid dollar and rising oil prices offset tensions over Iran's nuclear deal, while Malaysia's surprise election outcome ...
- Reuters•17 days ago
AXA's investment arm takes companies to task over diversity
AXA Investment Managers will vote in protest against companies which do not explain how they will boost the number of women on their boards, joining growing demands for workplace diversity. AXA IM, one of Europe's biggest fund managers and part of French insurer AXA Group (AXAF.PA), said the move followed five years of unsatisfactory private engagement with firms considered to have too few, if any, female decision-makers. "We are using our influence as investors through our engagement activities, to address this (diversity) in all markets, developed and emerging," Shade Duffy, Head of Corporate Governance, told Reuters.
- Reuters - UK Focus•17 days ago
AXA's investment arm takes companies to task over diversity
AXA Investment Managers will vote in protest against companies which do not explain how they will boost the number of women on their boards, joining growing demands for workplace diversity. AXA IM, one of Europe's biggest fund managers and part of French insurer AXA Group, said the move followed five years of unsatisfactory private engagement with firms considered to have too few, if any, female decision-makers. "We are using our influence as investors through our engagement activities, to address this (diversity) in all markets, developed and emerging," Shade Duffy, Head of Corporate Governance, told Reuters.
- Reuters•17 days ago
MOVES-Citigroup, JM Financial, TP ICAP, HSBC, Legal & General
(Adds Legal & General, TP ICAP, HSBC) May 3 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email moves@thomsonreuters.com. ...
Reuters•24 days agoBritish insurer L&G launches affordable housing arm to help beat shortage
British insurer Legal & General (LGEN.L) on Friday launched a unit to build affordable homes and said it aimed to build 3,000 homes a year within the next four years to become the country's leading private provider. Years of under-investment meant the country is producing 100,000 fewer homes a year than it needs, L&G said in a statement, while the annual shortfall for affordable housing is some 30,000 homes, leaving 1.3 million people on waiting lists. Legal & General Affordable Homes, part of the insurer's Legal & General Capital arm, would provide capital and work with a range of existing affordable housing providers to help manage the properties, it said.
- Reuters - UK Focus•24 days ago
British insurer L&G launches affordable housing arm to help beat shortage
British insurer Legal & General (LSE: LGEN.L - news) on Friday launched a unit to build affordable homes and said it aimed to build 3,000 homes a year within the next four years to become the country's leading private provider. Years of under-investment meant the country is producing 100,000 fewer homes a year than it needs, L&G said in a statement, while the annual shortfall for affordable housing is some 30,000 homes, leaving 1.3 million people on waiting lists. Legal & General Affordable Homes, part of the insurer's Legal & General Capital arm, would provide capital and work with a range of existing affordable housing providers to help manage the properties, it said.
Reuters•28 days agoEurope's pension problem spurs return of veteran investors
British pensions specialist Clive Cowdery has raised $2 billion (1.4 billion pounds) in commitments from investors for a new fund to buy up life insurance policies from companies struggling to make enough money to cover long-term payouts, sources told Reuters. The fund is one of a series of new ventures designed to capitalise on the difficulty life insurers and company pension schemes face in generating the returns required in an environment of low interest rates and tougher capital rules. Cowdery, founder of The Resolution Group, one of UK life insurance's biggest names, will be focusing on life insurance policies closed to new customers in continental Europe and the United States, three sources told Reuters.
- Reuters - UK Focus•28 days ago
Europe's pension problem spurs return of veteran investors
British pensions specialist Clive Cowdery has raised $2 billion in commitments from investors for a new fund to buy up life insurance policies from companies struggling to make enough money to cover long-term payouts, sources told Reuters. The fund is one of a series of new ventures designed to capitalise on the difficulty life insurers and company pension schemes face in generating the returns required in an environment of low interest rates and tougher capital rules.
- Reuters•last month
Asset manager L&G, trade body throw down diversity gauntlet
Legal & General Investment Management, one of Europe's biggest asset managers, has written to the chief executives of some of the world's top companies calling for more action on female representation on boards, gender pay gaps and climate change. LGIM, the fund arm of insurer Legal & General (LGEN.L), which manages nearly 1 trillion pounds ($1.4 trillion) in assets, has taken a lead in improving corporate governance and its voting intentions are keenly watched, particularly by major corporations, in which it is often a leading shareholder. In a shot across the bows for a number of companies, LGIM said it would vote against British companies where women did not represent at least a quarter of the board, and wanted a full breakdown of any gender pay gap and plans to close it.
- Reuters - UK Focus•last month
Asset manager L&G puts climate, diversity on agenda at AGMs
Legal & General Investment Management, one of Europe's biggest asset managers, has written to the chief executives of some of the world's top companies calling for more action on issues including climate change and board diversity. LGIM, the fund arm of insurer Legal & General (LSE: LGEN.L - news) , which manages nearly 1 trillion pounds ($1.43 trillion) in assets, has taken a lead in improving corporate governance and its voting intentions are keenly watched, particularly by major corporations, in which it is often a leading shareholder.
- Reuters - UK Focus•last month
Boards came under more L&G fund arm pressure in 2017
Legal & General Investment Management voted against company boards more often than ever before in 2017, opposing directors on issues including climate change, diversity and pay. Institutional investors are increasingly asking asset managers to hold companies to account over so-called Environmental, Social and Governance issues, which can have a large impact on a company's profits.
Reuters•last monthBritain reviews powers of its accounting watchdog
Britain has launched a "root and branch" review of its audit watchdog after corporate scandals raised questions about its ability to police how accountants check the books of companies. The independent review of the Financial Reporting Council (FRC) aims to bolster Britain's reputation for upholding corporate standards, seen as critical to maintaining the country's attractiveness for investment after it leaves the European Union next year. Business minister Greg Clark said the review will be chaired by John Kingman, a former top finance ministry official and now chairman of insurer Legal & General (LGEN.L).
- Reuters - UK Focus•last month
Britain reviews powers of its accounting watchdog
Britain has launched a "root and branch" review of its audit watchdog after corporate scandals raised questions about its ability to police how accountants check the books of companies. The independent review of the Financial Reporting Council (FRC) aims to bolster Britain's reputation for upholding corporate standards, seen as critical to maintaining the country's attractiveness for investment after it leaves the European Union next year. Business minister Greg Clark said the review will be chaired by John Kingman, a former top finance ministry official and now chairman of insurer Legal & General (LSE: LGEN.L - news) .
Sky News•2 months agoKingman drafted in to lead review of embattled audit watchdog
Sir John Kingman, the former Treasury mandarin, is being lined up to lead a review of the Financial Reporting Council (FRC) that could shape the future of the embattled audit watchdog. Sky News has learnt that Greg Clark, the Business Secretary, has asked Sir John to oversee the inquiry, which follows controversy over the handling of probes into the collapses of high-profile companies such as Carillion . Sir John is among a "small number" of names being considered to lead the review and could be announced in the coming days if he is approved by Downing Street, according to a City source.
- Forbes•2 months ago
3 More FTSE 100 Dividend Bargains You Should Buy Today
There are plenty of blue-chip dividend stocks that could make you a fortune. This article looks at three of the best.
- Reuters - UK Focus•2 months ago
Funds ask Aviva to make clear preference shares are irredeemable
Six large institutional investors said on Friday that Aviva's decision to drop plans to cancel its preference shares addressed most of their concerns, but added issuers of preference shares should make ...
- Bloomberg•2 months ago
LGIM's Roe Will 'Continue to Dance' in Equities
John Roe, Legal & General Investment Management's head of multi-asset funds, discusses volatility and the outlook for global equities with Bloomberg's Mark Barton on "Bloomberg Markets: European Close." ...
Sky News•2 months agoFTSE chiefs to air Brexit concerns during summit with May
Some of Britain's leading corporate bosses are expected to raise concerns about Brexit's potential impact on their UK workforces during talks this week with Theresa May. Sky News understands that bosses from companies including BT, ITV (Frankfurt: A0BLQP - news) , Legal & General (LSE: LGEN.L - news) , Lloyds Banking Group and Virgin Money have been invited to a meeting on Thursday with the Prime Minister. Senior (Other OTC: SNIRF - news) figures from leading business lobbying groups such as the Confederation of British Industry (CBI) will also attend, according to a Whitehall source.
Sky News•2 months agoPrudential demerger to result in two FTSE 100 companies
For a lot of people, the Prudential (SES: K6S.SI - news) is synonymous with the "Man (Swiss: MAN.SW - news) from the Pru (HKSE: 2378-OL.HK - news) ", the friendly door-to-door agent who, for almost 150 years, collected insurance premiums from millions of Britons. In Asia and the US, the Pru's customer numbers have almost doubled since 2006, while its assets under management have multiplied eight-fold and its operating profits six-fold. As a business, in that time, the Pru has become immensely more profitable and much more international.
- Reuters•2 months ago
Legal & General Capital takes full ownership of Cala Homes
LONDON (Reuters) - Legal & General Capital (LGEN.L) has taken full control of British housebuilder Cala Homes in a deal that values the company at 605 million pounds, the FTSE-100 insurer said on Tuesday. ...
- Reuters - UK Focus•2 months ago
Legal & General Capital takes full ownership of Cala Homes
Legal & General Capital has taken full control of British housebuilder Cala Homes in a deal that values the company at 605 million pounds , the FTSE-100 insurer said on Tuesday. The insurer said it spent ...