LGGNY Legal and General Group PLC featured news, full reports, and detailed charts
Legal and General Group PLC (LGGNY/LGGNY.PK) Wrap Up:
Legal & General Group Plc operates as a financial services company. It offers life assurance, critical illness cover, retirement income, buildings and content insurance, mortgage life insurance, travel insurance, and long term and general insurance products. The company also offers financial planning, savings, and investment products, such as pensions, unit trusts, individual savings accounts, and investment bonds. In addition, it provides a range of passive and active fund management products, including index tracking funds, active equity and fixed income products, and structured solutions, as well as property management services. It operates in the United States, the United Kingdom, the Ne...www.legalandgeneral.com
10,000 Employees
Founded in 1836
Legal and General Group PLC (LGGNY:OTC)
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Market Cap
813.9B
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Total Revenue
4.5B
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EBITDA
232.5M
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DILUTED EPS TTM
0.06
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P/E
1,095.9x
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P/S
NM
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Return On Asset
0.05
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Return On Equity
7.81
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| K = Thousands M = Millions B = Billions | ||
LGGNY Top Compensated Officers
Mr. Tim Breedon
Group Chief Executive Officer, Executive Dire...
Age: 50
Total Annual Compensation: £770.0K
Mr. John Pollock
Group Executive Director of Protection & Annu...
Age: 50
Total Annual Compensation: £370.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Legal and General Group PLC (LGGNY)
Legal & General Group Plc to Report Fiscal Year 2009 Results on March 25, 2010
11/4/2009
Legal & General Group Plc announced that they will report fiscal year 2009 results on March 25, 2010.
Legal And General May Seek JV Partner
10/4/2009
Legal & General Group Plc may be on the look out for a JV (joint venture) partner. Chief executive, Tim Breedon said that his firm will need to set up a joint venture with another insurer or a pension fund buyout group in order to write a new annuities business.
Legal & General Group plc Launches New Capital Guaranteed Bond 14
09/30/2009
Legal & General Group Plc has launched a three and a half year term Capital Guaranteed Bond 14, its latest capital guaranteed bond, which is available for investment until November 6, 2009. Capital Guaranteed Bond 14 is a fixed-term, three and a half year deposit investment. It guarantees the return of an investor's original capital at the end of the fixed term plus a return of 14% if the final index level of the FTSE 100 Index is the same as or above the initial index level. The minimum investment is GBP 500 and maximum individual cash individual savings account (ISA) investment is GBP 3,600 (2009/2010 tax year). The change to the ISA rules will mean that the cash ISA allowance will increase to GBP 5,100 for investors born on or before April 6, 1960 (that is age 50 before April 5, 2010) for investments received on or after October 6, 2009. There is no maximum for ISA transfers and deposit investments. The funds invested are placed with the deposit taker Cater Allen at the start of the investment. This investment does not take account of dividends that would be available through holding shares in the FTSE 100 Index directly.
LGGNY Competitors
| Company | Last | Change |
| Aberdeen Asset Management | 138.90 GBX | -1.70 |
| Ashmore Group | 296.60 GBX | -3.40 |
| Hargreaves Lansdown | 268.80 GBX | -5.20 |
| Henderson Group | 130.90 GBX | -0.60 |
| Schroders | 1,222 GBX | -4.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | LGGNY | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | NM | Not Meaningful |
| Price/Book | 123.9x |
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| Price/Cash Flow | 1,026.1x |
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| TEV/Sales | NM | Not Meaningful |
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LGGNY |
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LGGNY transactions
| Type Date |
Target |
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Merger/Acquisition
August 18, 2009 |
Arc International plc |
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Merger/Acquisition
July 10, 2009 |
Venture Production Plc |
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Buyback
May 27, 2009 |
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More Recent News About Legal and General Group PLC
More news for LGGNY
Europe Bearish On Payrolls
LONDON -- It was all about the payrolls on Friday, as European traders cautiously positioned themselves ahead of key jobs data to be released from the United States. The Dow Jones Eurostoxx index of the region's 50 leading shares was down by 0.8% at 2,785.93 points in early afternoon trading on the continent, with London's FTSE 100 index down by 0.8%, the Paris Cac 40 1.1% and Frankfurt's Dax 0.6%. Concerns about Friday's payrolls report follows disappointing U.S. jobless claims data on Thursday. Economists say the U.S. unemployment rate could top 10% when the Labor Department issues its monthly jobs report at 8:30 EST, a level not seen since June 1983. European losses were particularly heavy in financials and technology, with Commerzbank ( CRZBY - news - people ) down by 4.4% in Frankfurt and the British insurer Legal & General ( LGGNY - news - people ) losing 5.7% in London. European markets also lacked some direction from Asia as mainland Chinese markets were closed for Golden Week celebrations. Hong Kong's Hang Seng, in any case, had closed 2.7% lower. One notable decliner in Britain ...Click here to read the whole Article (external link)
Monster Mining Deal Delayed
Inquiries from Australian regulators and opposition from institutional shareholders are the latest hurdles hindering China's Aluminum Corp. of China, better known as Chinalco, from raising its stake in Rio Tinto by July as planned.Australia's Foreign Investment Board announced Monday that it would extend its review of (nyse: ACH - news - people )'s $19.5 billion investment in (nyse: RTP - news - people ) for up to 90 days after the initial 30-day evaluation period closed. Treasurer Wayne Swan will make the final decision after the board's review. The delay in the government's approval further complicates the deal, which has already aroused strong opposition from Rio Tinto's institutional investors. The Australian Foundation Investment Co. has expressed deep concern over the state-backed Chinalco having two seats on Rio Tinto's 15-member board and becoming involved in running the mining company, fearing it may bring corporate governance problems and potential conflicts of interest over investment decisions. "Existing shareholders have not been given the opportunity to recapitalize the company," AFIC said in a presentation given to shareholders filed with Australian Securities Exchange on Monday. "Significant influence has been given to Chinalco with no premium paid." ...Click here to read the whole Article (external link)
Options Drying Up For Rio Tinto
Major shareholders of Rio Tinto are up in arms over the mining giant's proposed $19.5 billion deal with the Aluminum Corp. of China. But for all the discontent, Rio's other options to pay down its massive debt -- a rights issue or counterbids by BHP Billiton -- would likely raise much less than what the state-owned Chinese producer is putting up.Drama continued to unfold Monday after Rio unveiled its plan last week to sell $12.3 billion worth of stakes in key assets and $7.2 billion worth of convertible bonds to its largest shareholder, (nyse: ACH - news - people ), or Chinalco. A flurry of press reports suggest some Rio shareholders are throwing their weight behind a discounted share sale or a counter-offer from rival (nyse: BHP - news - people ), or otherwise pressuring Rio's board to amend the terms of the Chinalco deal.Those shareholders, such as Rio's second-largest investor, (other-otc: LGGNY - news - ...Click here to read the whole Article (external link)
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