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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Legal & General    LGEN   GB0005603997

LEGAL & GENERAL

(LGEN)
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Legal & General : Trustees of British Airways-sponsored retirement scheme close to pension buy-in deal -Sky News

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09/12/2018 | 04:58pm EST
FILE PHOTO: British Airways logos are seen on tail fins at Heathrow Airport in west London

(Reuters) - Trustees of British Airways-sponsored Airways Pension Scheme are close to a deal with Legal & General to insure more than 4 billion pounds ($5.22 billion) of its historic pension liabilities, Sky News reported on Wednesday.

The talks have been ongoing for months and could be concluded within days, Sky said, citing sources close to British Airways.

A spokesperson for the Airways Pension Scheme trustees declined to comment. Legal & General said it had no comment on the report.

($1 = 0.7664 pounds)

(Reporting by Philip George in Bengaluru; Editing by Mark Heinrich)

Stocks mentioned in the article
ChangeLast1st jan.
INTERNATIONAL CONSOLIDATED AIRLINES GROUP -2.11% 649.8 Delayed Quote.5.15%
LEGAL & GENERAL 0.23% 267 Delayed Quote.15.32%
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Financials (GBP)
Sales 2018 7 310 M
EBIT 2018 2 276 M
Net income 2018 1 837 M
Debt 2018 1 979 M
Yield 2018 6,16%
P/E ratio 2018 8,71
P/E ratio 2019 7,79
EV / Sales 2018 2,44x
EV / Sales 2019 2,02x
Capitalization 15 880 M
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Technical analysis trends LEGAL & GENERAL
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TrendsBullishBullishNeutral
Income Statement Evolution
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Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 2,87  GBP
Spread / Average Target 7,7%
EPS Revisions
Managers
NameTitle
Nigel David Wilson Group Chief Executive Officer & Executive Director
John Kingman Chairman
Jeff Davies Chief Financial Officer & Executive Director
Julia Susan Wilson Senior Independent Director
Mark Joseph Zinkula Director, CEO-Legal & Investment Management
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LEGAL & GENERAL15.32%20 474
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