NEIL SHAH | EDISON INVESTMENT RESEARCH
While CEO Nigel Wilson warns of the remaining macro economic uncertainty as the ‘monetary methodone’ of QE is withdrawn, L&G investors can take heart that its business is producing cash from its own operations to maintain its financial and share price momentum.
BARRIE CORNES | PANMURE GORDON
L&G has reported solid 2013 results very slightly below expectations… 2014 has started well and although there remains the usual economic uncertainties L&G remains well placed to deliver again in 2014. Although the shares have had a strong performance, we think that there is much still to go for.
EAMONN FLANAGAN | SHORE CAPITAL
[The firm] reported better than expected cash results and a dividend in line with our forecasts, but better than the market had expected… These results demonstrate the group’s success in delivering on cash.