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United Kingdom

Legal & General Group PLC (LGEN.L)

LGEN.L on London Stock Exchange

269.50GBp
22 Jun 2018
Change (% chg)

4.30 (+1.62%)
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265.20
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19,964,320
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17,116,065
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289.45
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Latest Key Developments (Source: Significant Developments)

New Legal and General strategy to deliver 8-10 percent profit growth per year
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Legal & General Group PLC ::NEXT STAGE OF LGIM'S GROWTH IS BASED ON A FOCUSED STRATEGY, WHICH ALSO FORMS AGENDA FOR EVENT, CONSISTING OF THREE KEY COMPONENTS.CONTINUED BROADENING OF OUR INVESTMENT CAPABILITIES TO MEET OUR CLIENTS' NEEDS.SUSTAINED FOCUS ON ADDRESSING SAVINGS GAP THROUGH OUR DC, RETAIL, AND PERSONAL INVESTING BUSINESSES.FURTHER INTERNATIONALISING OUR CORE STRENGTHS.THIS STRATEGY IS EXPECTED TO DELIVER LGIM OPERATING PROFIT GROWTH OF BETWEEN 8% TO 10% PER ANNUM OVER MEDIUM TERM, ASSUMING NORMAL MARKET CONDITIONS.  Full Article

Legal & General Agrees 325 Mln Stg Buy-In With Heathrow's Pension Scheme
Thursday, 14 Jun 2018 

June 14 (Reuters) - Legal & General Group PLC ::LEGAL & GENERAL AGREES £325M BUY-IN WITH HEATHROW'S PENSION SCHEME.COMPLETED £325 MILLION BUY-IN WITH BAA PENSION SCHEME, COVERING 1,300 PENSIONER MEMBERS.DEAL ACCOMPANIED BY AN INVESTMENT IN BESPOKE LONG DATED INDEX-LINKED £160 MILLION BOND, ISSUED BY HEATHROW AIRPORT LIMITED TO CO.  Full Article

Legal & General Investment Management Announces Authorisation Of Dublin Management Company
Monday, 14 May 2018 

May 14 (Reuters) - Legal & General Group PLC ::LEGAL & GENERAL INVESTMENT MANAGEMENT SAYS ITS DUBLIN MANAGEMENT COMPANY, LGIM MANAGERS (EUROPE) LTD , HAS BEEN AUTHORISED BY CENTRAL BANK OF IRELAND.  Full Article

Legal & General has mean gender pay gap of 30.5 pct-annual report
Wednesday, 7 Mar 2018 

March 7 (Reuters) - Legal & General ::HAS MEAN GENDER PAY GAP OF 30.5 PERCENT, MEDIAN GAP OF 31.6 PERCENT -ANNUAL REPORT.HAS MEAN GENDER BONUS GAP OF 65.6 PERCENT - ANNUAL REPORT.  Full Article

Legal & General says on track for a record year in 2017
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - LEGAL & GENERAL GROUP PLC ::CONTINUES TO SEE GREAT MOMENTUM IN ALL ITS BUSINESSES IN YEAR TO DATE AND HAS EXPERIENCED PARTICULARLY STRONG GROWTH IN RECENT WEEKS.LEGAL & GENERAL RETIREMENT (LGR) HAS DELIVERED TOTAL SALES FOR 2017 TO DATE 1 OF £6.2BN.ANNUITY SALES GENERATED £4.5BN OF ANNUITY PREMIUM.FY UK INDIVIDUAL ANNUITY PREMIUMS UP 93%, EQUIVALENT TO A 14% MARKET SHARE.BY END OF OCTOBER, INTERNATIONAL NET INFLOWS WERE £26.1BN.GENERAL INSURANCE (GI) GROSS WRITTEN PREMIUMS ARE UP 13% TO £305M BY END OF OCTOBER.  Full Article

Legal & General Group to sell mature savings business to Swiss Re
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Legal & General Group Plc ::LEGAL & GENERAL GRP - L&G HAS REACHED AGREEMENT TO SELL ITS MATURE SAVINGS BUSINESS TO REASSURE DIVISION OF SWISS RE LTD ("SWISS RE") FOR 650 MILLION POUNDS​.SAYS ‍BUSINESS BEING SOLD COMPRISES PRINCIPALLY RETAIL CUSTOMERS WHO HOLD TRADITIONAL INSURANCE BASED PENSIONS, SAVINGS AND INVESTMENT PRODUCTS​.EXPECTS FORMAL TRANSFER OF BUSINESS WILL BE COMPLETED IN MID-2019​.  Full Article

Legal & General Group buys retirement home for 51mln stg​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Legal & General Group Plc :‍Legal & General announces acquisition of a later living business called renaissance villages (rv) for a net purchase price of around 51 million pounds​.  Full Article

L&G names new residential development manager
Monday, 23 Oct 2017 

Oct 23 (Reuters) - LEGAL & GENERAL GROUP PLC ::‍APPOINTED JAMES ROBSON AS RESIDENTIAL DEVELOPMENT MANAGER, GROWING ITS DEDICATED BUILD TO RENT TEAM TO EIGHT.APPOINTMENT TO SUPPORT GROUP'S AMBITIONS TO HAVE 6,000 UNITS IN PLANNING, DEVELOPMENT OR OPERATION BY END OF 2019​.  Full Article

Chesnara gets valid acceptances for 267 pct of shares offered to raise funds for L&G deal
Tuesday, 13 Dec 2016 

Chesnara Plc : Received valid acceptances in respect of 12,465,882 open offer shares from qualifying shareholders . This represents approximately 267 per cent of open offer shares . Placing and open offer to raise gross proceeds of approximately £70 million .Results of placing and open offer.  Full Article

Legal & General says retirement division on track to double new business sales in 2016
Tuesday, 27 Sep 2016 

Legal & General Group Plc : Legal & General Group PLC says its retirement division on track to double its new business sales in 2016, with sales now at £5.4 billion (£2.9 billion, FY 2015). .Legal & General retirement sales since June 30 are 1.4 billion pounds, comprising of 1.2 billion pounds for pension de-risking, 130 million pounds of lifetime mortgages, and 90 million pounds of individual annuities..  Full Article

Aviva Investors shakes up investment teams in broad overhaul

LONDON, June 22 Aviva Investors, the fund arm of insurer Aviva, on Friday announced an overhaul of its investment teams in an effort to boost performance, including the creation of several new teams.