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?

Berenberg Buy 230.80 229.30 250.00 265.00 Retains

L&G H1 2014 Results Part 1

DIVIDENDS UP 21%, NET CASH UP 13%

FINANCIAL HIGHLIGHTS:
· NET CASH GENERATION UP 13% TO £567M (H1 2013: £500M)
· OPERATIONAL CASH GENERATION UP 8% TO £578M (H1 2013: £537M)
· OPERATING PROFIT UP 11% TO £636M (H1 2013: £571M)
· PROFIT AFTER TAX UP 9% TO £507M (H1 2013: £466M)
· EARNINGS PER SHARE UP 9% TO 8.51P (H1 2013: 7.82P)
· RETURN ON EQUITY 17.6% (H1 2013: 16.8%)
· INTERIM DIVIDEND UP 21% TO 2.90P PER SHARE (H1 2013: 2.40P)

BUSINESS HIGHLIGHTS:
· ANNUITY ASSETS UP 20% TO £38.5BN (H1 2013: £32.2BN)
· RECORD ANNUITY SALES OF £3.5BN (H1 2013: £1.4BN)
· LGIM AUM UP 7% TO £465.1BN (H1 2013: £433.0BN)
· LGIM TOTAL ASSETS1 UP 13% TO £653.7BN (H1 2013: £578.7BN)
· UK PROTECTION GWP UP 7% TO £743M (H1 2013: £692M)
· UK PROTECTION SALES UP 17% TO £123M (H1 2013: £105M)
· SAVINGS AUA UP 17% TO £117.8BN (H1 2013: £100.4BN)
· LGC NEW DIRECT INVESTMENT OF £1.6BN (H1 2013: £0.9BN)
· LGA SALES UP 11% TO $78M (H1 2013: $70M)

Deutsche Bank Buy 241.75 241.70 239.00 260.00 Retains

Goldman Sachs Neutral 238.40 238.40 220.00 235.00 Reiterates

Interim Management Statement

GROWTH IN ALL DIVISIONS. NET CASH UP 12%.



GROUP HIGHLIGHTS:

· OPERATIONAL CASH UP 8% TO £844M (Q3 YTD 2013: £780M)

· NET CASH UP 12% TO £827M (Q3 YTD 2013: £740M)


BUSINESS HIGHLIGHTS:

· ANNUITY ASSETS UP 16% TO £39.9BN (Q3 2013: £34.5BN)

· LGIM TOTAL ASSETS UP 14% TO £676.3BN (Q3 2013: £594.0BN)

· UK PROTECTION PREMIUM UP 6% TO £1,077M (Q3 YTD 2013: £1,016M)

· SAVINGS AUA UP 13% TO £119.7BN (Q3 2013: £106.2BN)

· LGC DIRECT INVESTMENTS INCREASED TO £4.6BN (Q3 2013: £2.1BN)

· LGA PREMIUM UP 10% TO $824M (Q3 YTD 2013: $746M)

Credit Suisse Neutral 243.40 250.00 265.00 Retains

StockMarketWire.com
Legal & General Group has won a bulk annuity contract with the TRW Pension Scheme removing £2.5 billion liabilities from TRW Automotive's balance sheet and insuring over 22,000 of the scheme's pensioners.

The scheme previously implemented a liability driven investment strategy with Legal & General Investment Management in 2007.

This £2.5 billion transaction follows the £3.0 billion bulk annuity contract with the ICI Pension Fund that Legal & General secured earlier this year, reinforcing Legal & General's position as the leading insurer in tailored pension de-risking solutions for large pension schemes.

Legal & General has now written £8.3 billion of total annuity transactions to date in 2014. Our Q3 Interim Management Statement on 4 November 2014 stated, at that time, we had secured £0.8 billion of bulk premium in the fourth quarter. This £0.8 billion very largely represented the initial tranches of the TRW transaction. Legal & General Retirement managing director Kerrigan Procter said: "We have worked with the TRW Pension Scheme over many years as they moved from Index Funds to Liability Driven Investment and now to buyout, all with Legal & General. It has been a pleasure to build such a great relationship and be in a position to help our client move all the way along their de-risking journey.

"2014 has been a landmark year in the pension de-risking market with the two largest bulk annuity transactions in the UK, both with Legal & General. These demonstrate the strength of Legal & General's tailored pension de-risking solutions."

New high today @248.60p.

Some nice TP hikes in the last few days :-

16 Dec 14 Deutsche Bank Buy 231.50 260.00 270.00 Retains
15 Dec 14 Citigroup Neutral 231.50 220.00 264.00 Retains
11 Dec 14 Nomura Buy 231.50 225.00 300.00 Upgrades

New high today @248.90p.

Berenberg Buy 238.60 238.60 265.00 290.00 Retains

New high today @252.90p.

This guy seems to think L&G may currently be the cat's whiskers!

He seems eminently sensible :-)

I'm up +150% on the my sipped shares - Prelims on 04 Mar 2015.

Skinny, I agree with both of you. I notice none of the LGEN threads has a chart and
this one's header is also dated. If you have the time and inclination,
could you start a new thread with a chart, please.

I can do or we could just get Ian to put a chart in the header here?

Yes, but the header here is ridiculous imo.

Ok.

Link to new thread