M&G confirms long-term targets
20th Jul 2023 07:25
(Sharecast News) - M&G said on Thursday it remained on track to meet its financial targets, despite adopting new accountancy standards.
Read moreUK life insurers' exposure to Thames Water is 'minimal', Citi says
30th Jun 2023 10:59
(Sharecast News) - Analysts at Citi pointed out on Thursday that the UK life insurance sector's direct exposure to Thames Water was "minimal".
Read moreM&G pleased with first quarter amid volatile markets
8th Jun 2023 09:03
(Sharecast News) - Investment and wealth management company M&G said in its first quarter results on Thursday that despite volatile markets, it achieved net client inflows of £0.4bn excluding Heritage in the period.
Read moreM&G's bottom line hit by market volatility but client inflows hold up
9th Mar 2023 07:16
(Sharecast News) - M&G reported a big hit to its bottom line for 2022 as a result of market volatility, albeit alongside a second consecutive year of client inflows.
Read moreSunday newspaper round-up: Arm, China, M&G
5th Mar 2023 17:07
(Sharecast News) - News that Arm has chosen to float on the other side of the Atlantic is stunningly bad news for Britain. The rationale is straightforward, the business can fetch a higher valuation there. So too is the reason for that, even if some might argue otherwise. UK pension funds and insurance companies do not invest in British companies with their holdings currently standing at 1.8% and 2.5%, respectively. In fact, at 56.3%, its foreigners who own the lion's share. Back in 1997, insurance companies owned 23.6% and pension funds probably held a similar proportion back then. And where has the money gone instead, because of regulation and tax changes it had been funneled into gilts and other fixed-interest securities. But according to Credit Suisse, those flows appear set to turn around and head back into equities. - Financial Mail on Sunday
Read moreBerenberg downgrades L&G and M&G to 'hold'
31st Jan 2023 08:05
(Sharecast News) - Analysts at Berenberg downgraded insurers Legal & General and M&G from 'buy' to 'hold' on Tuesday, citing high correlation to credit and the UK economy, as well as a lack of organic growth in the latter's asset-management business.
Read moreM&G appoints Natixis COO to head up asset management unit
17th Jan 2023 07:59
(Sharecast News) - M&G said it had appointed former Natixis Investment Managers chief operating officer Joseph Pinto to head up its asset management business.
Read moreJefferies starts M&G at 'buy', sees range of options for new CEO
11th Nov 2022 13:35
(Sharecast News) - Analysts at Jefferies initiated their coverage of M&G at a 'buy', telling clients that the firm's projected surplus capital gneration and Solvency II ratio provided its new boss with a variety of options.
Read moreM&G taps Andrea Rossi as its new chief executive
29th Sep 2022 07:20
(Sharecast News) - M&G announced the appointment of Andrea Rossi as its next chief executive and an executive director on Thursday.
Read moreM&G H1 fund inflows improve, interim profits and AUM fall
11th Aug 2022 07:10
(Sharecast News) - Investment manager M&G said on Thursday that improved fund flows in the six months ended 30 June had helped it deliver a "resilient" operational and financial performance despite posting sharp declines in profits and assets under management.
Read moreJPMorgan upgrades L&G, downgrades Phoenix
8th Aug 2022 08:03
(Sharecast News) - In a note on the UK life insurance sector on Monday, JPMorgan Cazenove upped its stance on Legal & General but downgraded M&G and Phoenix Group.
Read moreM&G to buy financial advice provider Continuum
3rd Aug 2022 09:37
(Sharecast News) - M&G said on Wednesday that it has agreed to buy Continuum, a provider of independent financial advice, for an undisclosed sum.
Read moreHSBC upgrades M&G, St James's Place to 'buy'
3rd May 2022 08:46
(Sharecast News) - HSBC upgraded its stance on shares of M&G and St James's Place on Tuesday as it took a look at UK wealth managers.
Read moreJohn Foley to step down as M&G chief executive
27th Apr 2022 08:19
(Sharecast News) - M&G announced on Wednesday that group chief executive John Foley has informed the board of his intention to retire.
Read moreM&G announces £500m share buyback
8th Mar 2022 07:05
(Sharecast News) - M&G announced a £500m share buyback as the investment manager posted reduced annual operating profit resulting partly from changes to the expected death rate.
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