Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Legal & General Plc
  6. News
  7. Summary
    LGEN   GB0005603997

LEGAL & GENERAL PLC

(LGEN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Legal & General : London in need of affordable housing to power recovery, say insurers

07/13/2021 | 06:11am EDT

London will struggle to rebuild from the pandemic unless more affordable housing is built, insurers Legal & General have warned today.

The L&G Rebuilding Britain Index show housing is the poorest performing measure – behind jobs and economic prosperity – with affordable housing falling flat in London and the South East and West of England.

Nigel Wilson, CEO at Legal & General, said the findings came as “no surprise” despite positive GDP growth over recent months.

House prices remain 8.9 per cent up on 2020 and house building remains depressed, according to the Land Registry, leading to an imbalance between supply and demand.

Wilson said: “It is clear that the longer we wait in bringing forward further major schemes, the greater the risk of existing inequalities between and within our communities deepening further.

“As we begin the long road to recovery, it is up to all businesses and government to step up and invest in the growth opportunities. As the economy continues to unlock, so will our ability to start to act on these opportunities.”

Data from L&G suggest people are remaining economically cautious as the UK eases out of the Covid-19 pandemic and more time is needed to feel the impacts of investments and major schemes; but only a quarter of the UK population say local investment is making a noticeable impact where it is most needed and highlight the need for developments to scale and speed up.

The Government has made so-called “levelling up” a key plank of the UK’s economic recovery.

The post London in need of affordable housing to power recovery, say insurers appeared first on CityAM.

© City AM, source Newspaper

All news about LEGAL & GENERAL PLC
02:57aDEUTSCHE BÖRSE : Legal & General Investment Management Lists New Exchange-Traded Fund on X..
MT
09/22LEGAL & GENERAL : appoints Tanu Chita to lead strategy to deploy DC Pension money into VC ..
PU
09/22LEGAL & GENERAL : Ramifications And Recourse Of Medical Ill-Advice Regarding COVID-19 Vacc..
AQ
09/22LEGAL & GENERAL : agrees a ú250m buy-in transaction with the Selecta UK Pension Plan
PU
09/22Legal & General Capital Appoints Tanu Chita as Investment Director Within its SME Finan..
CI
09/15Energy Investors Releases Blueprint Report To Tackle Climate Change
MT
09/15LEGAL & GENERAL : ú5.3 billion lost from over 50s retirement pots throughout the course of..
PU
09/15LEGAL & GENERAL : Tax-free cash putting retirements at risk
PU
09/09LEGAL & GENERAL : LGIM's Industrial Property Investment Fund raises ú150m, affirming conti..
PU
09/09LEGAL & GENERAL : LGIM appoints Head of Institutional Sales for Asia
PU
More news
Analyst Recommendations on LEGAL & GENERAL PLC
More recommendations
Financials
Sales 2021 59 567 M 81 731 M 81 731 M
Net income 2021 1 979 M 2 716 M 2 716 M
Net Debt 2021 1 114 M 1 528 M 1 528 M
P/E ratio 2021 8,51x
Yield 2021 6,47%
Capitalization 16 819 M 23 099 M 23 077 M
EV / Sales 2021 0,30x
EV / Sales 2022 0,26x
Nbr of Employees 10 099
Free-Float 97,3%
Chart LEGAL & GENERAL PLC
Duration : Period :
Legal & General Plc Technical Analysis Chart | LGEN | GB0005603997 | MarketScreener
Technical analysis trends LEGAL & GENERAL PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 283,40 GBX
Average target price 318,81 GBX
Spread / Average Target 12,5%
EPS Revisions
Managers and Directors
Nigel David Wilson Group Chief Executive Officer & Executive Director
Jeff Davies Group Chief Financial Officer & Executive Director
John Kingman Chairman
Lesley Mary Samuel Knox Independent Non-Executive Director
Philip Arthur John Broadley Senior Independent Director
Sector and Competitors
1st jan.Capi. (M$)
LEGAL & GENERAL PLC6.46%23 099
BLACKSTONE INC.96.10%83 443
KKR & CO. INC.57.20%37 110
AMUNDI11.98%17 770
THE CARLYLE GROUP INC.52.70%17 376
FRANKLIN RESOURCES, INC.22.29%15 770