|Bid||267.20 x 195200|
|Ask||280.00 x 855900|
|Day's range||266.60 - 269.19|
|52-week range||204.08 - 279.90|
|PE ratio (TTM)||10.41|
|Forward Dividend & Yield||0.19 (5.44%)|
|1y target est||264.47|
British mid-caps jumped to a record closing level on Wednesday as investors grew more comfortable with the smaller, more domestically-focused stocks, while the FTSE 100 held its ground as third quarter earnings trickled in. The FTSE 250 (.FTMC) was up 0.6 percent on the day, closing at a record 20,263.1 points. Mid-caps have strongly outperformed the bigger index this year, up around 12 percent against the FTSE 100's 6 percent rise.
British mid-caps jumped to a record closing level on Wednesday as investors grew more comfortable with the smaller, more domestically-focused stocks, while the FTSE 100 held its ground as third quarter ...
The UK's top share index held its ground on Wednesday as third quarter earnings trickled in, with shares in Reckitt Benckiser dipping after a disappointing update. Britain's blue chip FTSE 100 index was ...
Publisher Pearson (PSON.L) said on Tuesday it had agreed a deal to insure a third of its pension scheme liabilities totalling 1.2 billion pounds with Legal & General (LGEN.L) and Aviva (AV.L). The deal "substantially reduces" the risk that Pearson would be unable to fund future retiree benefits and was agreed at no further cost to the company, it said in a nine-month trading update. Under the so-called 'buy-in bulk annuity', the insurers take on some of the risk of the pension scheme, which remains with the company.
LONDON, Oct (Shenzhen: 000069.SZ - news) 17 (Reuters) - Pearson (Xetra: 858266 - news) said pressures weighing on its North American business were starting to ease, enabling the group to nudge its full-year profit outlook higher and record the first positive trading update for the education group in recent years. Hit by the shift to digital from paper textbooks, Pearson (Amsterdam: PR8.AS - news) has cut thousands of jobs and launched a rental and online business following a string of profit warnings. On Tuesday it said the rate of decline within its North American Higher Education courseware business had eased, while a reduction in its tax rate and a deal to insure part of its pension obligations would help its financial performance.
LONDON, Oct (Shenzhen: 000069.SZ - news) 17 (Reuters) - Publisher Pearson said on Tuesday it had agreed a deal to insure a third of its pension scheme liabilities totalling 1.2 billion pounds ($1.6 billion) with Legal & General (LSE: LGEN.L - news) and Aviva (Other OTC: AIVAF - news) . The deal "substantially reduces" the risk that Pearson (Xetra: 858266 - news) would be unable to fund future retiree benefits and was agreed at no further cost to the company, it said in a nine-month trading update. Under the so-called 'buy-in bulk annuity', the insurers take on some of the risk of the pension scheme, which remains with the company.
Emerging markets extended gains on Wednesday, with equities rising half a percent and sovereign dollar debt yields at a new three-year lows, underpinned by buoyant economic data worldwide and a dollar ...
G A Chester runs the rule over Legal & General Group plc (LON:LGEN) and a high-yield stock you've probably never heard of.
Legal & General Group plc (LON: LGEN) pays top dividends, and here's a long-term income stock that's a good match.
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A former finance chief of Standard Chartered (BSE: 580001.BO - news) is being lined up as the next chairman of TSB, an appointment that would herald his return to a UK-based bank after a three-year absence. Sky News has learnt that Richard Meddings is in talks about joining the board of TSB, Britain's sixth-biggest high street lender. City insiders said that Mr Meddings would join initially as a non-executive director but that he was expected to succeed Will Samuel as the bank's chairman next year.
British fund manager Legal & General Investment Management said on Friday it would vote against the re-election of the chairman of retailer Sports Direct over continued concerns about the company's governance. LGIM, the fund arm of insurer Legal & General (LSE: LGEN.L - news) , said it had voted against the chairman's re-election since 2014 and had opposed the re-election of all the company's non-executive directors in 2016.
This tasty dividend treat could complement insurer Legal & General Group plc (LON: LGEN) very nicely, says Harvey Jones.
The premium housebuilder Cala Group has revived secret talks about a £700m sale - months after a takeover by a Chinese property giant collapsed. Sky News has learnt that Cala's shareholders have asked Lazard (Frankfurt: A0DQP8 - news) , the investment bank, to begin sounding out prospective bidders in the last fortnight. Cala is jointly owned by Legal & General (LSE: LGEN.L - news) , the insurer, and Patron Capital, the specialist real estate investment firm.
Britain's Prudential (Amsterdam: PD8.AS - news) moved to fend off competition from passive funds on Thursday, merging its M&G (Shanghai: 603899.SS - news) asset management and UK and European insurance businesses to save costs and improve its products. The lure of lower-cost index funds has driven a round of consolidation in the active funds sector, with deals such as the formation earlier this year of Janus Henderson through the merger of a U.S. and a UK fund firm. Prudential said the combined M&G Prudential business manages 332 billion pounds ($430 billion) in assets for over 6 million customers and employs more than 9,000 people.
Theresa May's former policy chief is heading for a quickfire return to his former City employer just weeks after quitting his Downing Street role. Sky News has learnt that John Godfrey is in advanced talks about a senior job at Legal & General (LSE: LGEN.L - news) , the FTSE-100 insurance and investment giant where he worked for nearly a decade. Sources said that Mr Godfrey attended a half-year results presentation given by L&G's chief executive, Nigel Wilson, earlier this week, as "an observer".
Editor: Susan Thomas, +44 207 542 6880 Global Picture Desk: +65 6870 3775 Global Graphics Desk: + 65 6870 3595 Receive this schedule by email: http://mediaexpress.reuters.com TOP STORIES Trump's "fire ...
The bulk annuity market in Britain was worth nearly 5 billion pounds ($6.5 billion) in the first half and may top 10 billion this year for the third year in a row, consultant Hymans Robertson said on Wednesday. The growth in the bulk annuity market comes as companies look to insulate themselves from exposure to pension schemes by getting insurers to take on the risk of part, or all, of their defined benefit or final salary schemes. "The growth potential is massive," said James Mullins, partner and head of risk transfer solutions at Hymans Robertson.