Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

254.40p
   
  • Change Today:
    -1.10p
  • 52 Week High: 256.30p
  • 52 Week Low: 205.80p
  • Currency: UK Pounds
  • Shares Issued: 5,980m
  • Volume: 11,918,156
  • Market Cap: £15,212m
  • RiskGrade: 166

Tate & Lyle agrees ?930m pension de-risking deal with L&G

By Frank Prenesti

Date: Thursday 19 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Sugar and sweeteners group Tate & Lyle said it had agreed a £930m pension scheme bulk annuity insurance buy-in with Legal & General.
The de-risking of the scheme means the company will save £20m in annual contributions, said Tate & Lyle chief financial officer Imran Nawaz on Thursday.

Under the deal Tate & Lyle would no longer bear any investment, longevity, interest rate or inflation risk not contribute any incremental funding into the scheme.

"This transaction represents a good outcome for our UK scheme members, the company and our shareholders. We have supported the scheme over many decades and made significant cash contributions to remedy a deficit that has existed between the scheme's assets and liabilities," Nawaz said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Legal and General Market Data

Currency UK Pounds
Share Price 254.40p
Change Today -1.10p
% Change -0.43 %
52 Week High 256.30p
52 Week Low 205.80p
Volume 11,918,156
Shares Issued 5,980m
Market Cap £15,212m
RiskGrade 166

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.86% above the market average83.86% above the market average83.86% above the market average83.86% above the market average83.86% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Price Trend
52.91% above the market average52.91% above the market average52.91% above the market average52.91% above the market average52.91% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
84.11% above the market average84.11% above the market average84.11% above the market average84.11% above the market average84.11% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
97.87% below the market average97.87% below the market average97.87% below the market average97.87% below the market average97.87% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 2
Buy 6
Neutral 6
Sell 1
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Legal and General Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 24-Aug-23
Paid 06-Jun-24 26-Sep-23
Amount 14.63p 5.71p

Trades for 28-Mar-2024

Time Volume / Share Price
16:42 40,508 @ 254.40p
16:35 6,182,605 @ 254.40p
16:35 25,557 @ 254.40p
16:35 1,888 @ 254.40p
16:35 12,115 @ 254.40p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies

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