Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

LEGAL & GENERAL

(LGEN)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Legal & General : seals another deal in £400m Cardiff regeneration project

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/30/2019 | 06:40am EDT

30 Jul 2019

Legal & General reveals that it is creating over 13,000 jobs, thousands of homes and improved infrastructure in the South West and Wales, through major regional regeneration schemes in towns and cities such as Bath, Bristol, Swindon, Weston-Super-Mare and Cardiff.

Legal & General announces today that it has exchanged contracts to complete the largest privately funded development in Wales, Cardiff Central Square, in partnership with the Welsh Government and Rightacres Property. Comprising over 500,000 sq ft, the final major element of the £400m regeneration scheme will include: the much anticipated new Bus Station; 318 Build to Rent (BTR) apartments; and 100,000 sq ft of Grade A office space.

Legal & General is dedicated to helping to drive regional economic growth in order to improve lives and deliver extraordinary social outcomes. It is using long-dated UK pension money to invest in our cities and towns; creating real jobs, high quality and varied housing and better infrastructure. This, in turn, boosts productivity and delivers vibrant communities in which people can live longer, healthier and happier lives. Legal & General has invested over £19bn into UK direct investments such as homes, urban regeneration, clean energy and transport infrastructure.

This latest deal in Wales follows Legal & General's announcement that it has signed the UK's largest bulk annuity transfer - a £4.6bn Pension Risk Transfer (PRT) with Rolls-Royce Pension Fund, covering approximately 33,000 in-payment pensioners.

Read the full press release via the link below

Cardiff Central Square is a prime example of how we are creating assets for Legal & General Retirement to back pension risk transfer deals... while delivering jobs, housing, infrastructure and exponential economic growth. This is inclusive capitalism at its best.

Kerrigan Procter, CEO of Legal & General Capital

Disclaimer

Legal & General Group plc published this content on 30 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2019 10:39:08 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LEGAL & GENERAL
09/20LEGAL & GENERAL : strengthens retail platform with new appointment
PU
09/20LEGAL & GENERAL : agrees individual annuity deal with Prudential
PU
09/20Legal & General to sell annuities to Prudential pensions savers
RE
09/20LEGAL & GENERAL : Tate & Lyle seals £930m pension deal with Legal and General
AQ
09/19LEGAL & GENERAL : completes c.£930 million buy-in with the Tate & Lyle Pension S..
PU
09/17LEGAL & GENERAL : Investment Management partners with London based index provide..
PU
09/12LEGAL & GENERAL : and Mitsubishi Estate launch major Hammersmith office scheme
PU
09/12LEGAL & GENERAL : Learning the trade at Legal & General Modular Homes
PU
09/11LEGAL & GENERAL : launches tech tools for workplace pensions to drive member eng..
PU
09/11LEGAL & GENERAL : announces £35m buyout of US law firm's UK pension scheme
PU
More news
Financials (GBP)
Sales 2019 25 726 M
EBIT 2019 2 302 M
Net income 2019 2 094 M
Finance 2019 2 291 M
Yield 2019 6,94%
P/E ratio 2019 7,38x
P/E ratio 2020 7,71x
EV / Sales2019 0,49x
EV / Sales2020 0,56x
Capitalization 15 009 M
Chart LEGAL & GENERAL
Duration : Period :
Legal & General Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LEGAL & GENERAL
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 288,06  GBp
Last Close Price 252,80  GBp
Spread / Highest target 42,4%
Spread / Average Target 13,9%
Spread / Lowest Target -20,9%
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
Sector and Competitors
1st jan.Capitalization (M$)
LEGAL & GENERAL9.44%18 749
BLACKSTONE GROUP INC77.42%34 982
T. ROWE PRICE GROUP INC25.65%26 935
FRANKLIN RESOURCES INC-1.08%14 778
AMUNDI37.02%14 030
HARGREAVES LANSDOWN9.79%12 018