if you 'buy the rumor and sell the news, is all this rain a rumor?
these two shares are stuck between interims maybe worth a quick .10p short?

more rain forecast, or don't they pay out claims anymore?

Credit Suisse Neutral 231.70 175.00 240.00 Retains

Bank of America Merrill Lynch Buy 238.80 239.70 - 250.00 Retains

LEGAL & GENERAL'S FIRST US INVESTMENT MANAGEMENT ACQUISITION - GLOBAL INDEX ADVISORS, INC.

Legal & General Group Plc ("Legal & General" or the "Group") has today agreed to acquire the business of Global Index Advisors, Inc ("GIA"), an Atlanta based investment advisor focused on target date funds ("TDF"). GIA is in the top 51 of target date providers in the US. The acquisition, by the Group's subsidiary Legal & General Investment Management America, Inc ("LGIMA"), for a maximum consideration of $50.4m, is expected to complete mid 2014, subject to Fund shareholder approval.

L&G Prelims 2013 - Part 1

L&G Prelims 2013 - Part 2


NET CASH UP 16% TO £1BN. DIVIDEND UP 22%.
NET CASH DIVIDEND COVER TOWARDS 1.5 IN TWO YEARS.

FINANCIAL HIGHLIGHTS - CONTINUED STRONG PERFORMANCE:

· NET CASH GENERATION UP 16% TO £1,002M (2012: £865M)
· OPERATIONAL CASH GENERATION UP 9% TO £1,042M (2012: £958M)
· OPERATING PROFIT UP 7% TO £1,158M (2012: £1,087M)
· PROFIT BEFORE TAX UP 10% TO £1,134M (2012: £1,033M)
· PROFIT AFTER TAX UP 12% TO £896M (2012: £798M)
· EARNINGS PER SHARE UP 10% TO 15.20P (2012: 13.84P)
· RETURN ON EQUITY 16.1% (2012: 15.4%)
· FULL YEAR DIVIDEND UP 22% TO 9.30P PER SHARE (2012: 7.65P PER SHARE)
· NET CASH DIVIDEND COVER TOWARDS 1.5 IN TWO YEARS

On the 200ma.

A couple of weekend articles :-

What does Budget pensions revolution mean for insurance stocks in the long run?

Life insurers urge regulator to intervene in pensions shake-up

Hmmm :- LEGAL & GENERAL WINS LARGEST EVER UK BULK ANNUITY CONTRACT: £3BN TRANSACTION FOR ICI PENSION FUND

LONDON, March 26 (Reuters) - British life and pensions group Legal & General LGEN.L expects the size of the UK market for individual annuities to shrink by around three-quarters after 2015 when retirees will no longer be forced to buy them. The forecast, delivered in a speech to an investor conference in London on Wednesday by L&G Chief Executive Nigel Wilson follows a radical shakeup of the pensions system announced by finance minister George Osborne. L&G expects the market to shrink from 11.9 billion pounds ($19.64 billion) currently, to around 2.8 billion pounds. The reforms, due to be implemented in April next year, effectively scrap a system forcing most retirees to swap their pension savings for an annuity that pays out an income for life, giving them a choice in how they want to invest their savings. Wilson said L&G expects retirees to take more of their savings in cash and rely more on their property as a source of retirement income. "We certainly expect to see more cash being taken out, either singly for small pots or across several years, and we expect to see more use of the housing asset as pots get depleted more quickly," he said.

Tempting to short..... only reason why I'm not is it would overexpose my portfolio right now.

Wash your mouth out! :-)

Hey ironically I also hold these as equities for the yield, bought years ago just after the crash for well under £1, my son also has some in his trust fund. That's a separate issue though to a potential short play, you must have considered it yourself as a hedge....

Yes I did last week - not so sure now though.

2hr chart above indicates there going down, we already know we're looking at a potential fall in earnings moving forward. They're only 10% of the 240p high, I'd expect these to fall to at least 192p.. There in my top 5 plays right now, just need that all telling reversal candel..

I'll watch with interest! :-)

Today's press statements on potential FCA review

Legal & General Group Plc - Response to today's press statements on potential FCA review

Legal & General notes media speculation about the FCA's potential review of the charging basis for legacy back books. We expect further, official clarification from the FCA when it publishes its business plan, and in view of today's disorderly market we are requesting that the FCA bring forward the publication of the plan.

We have a strong and substantive commitment to treating our customers fairly and offering low-charging, good value products.

Legal & General does not outsource customer administration: our customers benefit from the continuity of a single product and service provider. Our operating practices ensure we provide good value to our customers, and we have operated a programme of ongoing product reviews for more than 10 years. We focus on high standards in governance: management of our with profits fund is subject to independent scrutiny from the With Profits Actuary and the With Profits Independent Person.

We therefore look forward with confidence to working with the FCA once it issues official guidance about the potential review.

End

Its a sell down 7%.

150p over the next few weeks wouldn't surprise me....

I shall now go and wash my mouth out before I get told off..

:-)

A bit of a cockup with the way the announcement was presented 1st thing - marginally better after some clarification.

1st Quarter Results 2014

LEGAL & GENERAL: NET CASH UP 21% WITH RECORD SALES



GROUP HIGHLIGHTS:

• NET CASH GENERATION UP 21% TO £301M (Q1 2013: £249M)

• OPERATIONAL CASH GENERATION UP 6% TO £297M (Q1 2013: £281M)


BUSINESS HIGHLIGHTS:

• RECORD BULK PURCHASE ANNUITY PREMIUMS OF £3,045M (Q1 2013: £357M)

• ANNUITY ASSETS UP 15% TO £38.3BN (Q1 2013: £33.3BN)

• LGIM TOTAL AUM UP 5% TO £462.6BN (Q1 2013: £441.2BN)

• LGIM INTERNATIONAL AUM UP 21% TO £63.2BN (Q1 2013: £52.4BN)

• LGIM NET FLOWS OF £3.8BN (Q1 2013: £4.7BN)

• UK RETAIL PROTECTION SALES UP 56% TO £42M (Q1 2013: £27M)

• WORKPLACE AUA UP 32% TO £9.1BN (Q1 2013 £6.9BN)

• COFUNDS AUA UP 25% TO £65.6BN (Q1 2013 £52.3BN)

• US PROTECTION SALES UP 12% TO $38M (Q1 2013: $34M)

• £1.0BN OF DIRECT INVESTMENTS COMPLETED IN Q1

Deutsche Bank Buy 220.00 220.00 236.00 239.00 Retains

Barclays Capital Overweight 220.70 220.00 - 252.00 Reiterates