M&G beats forecasts with 2024 adjusted profits
19th Mar 2025 07:38
(Sharecast News) - Investment manager M&G swung to an annual loss in 2024 but posted a small, unexpected increase in adjusted earnings profits, helped by strong growth in asset management and cost cutting.
Read moreLondon close: Stocks rise on US jobless claims, ECB rate cut
12th Sep 2024 16:25
(Sharecast News) - London's stock markets closed with gains on Thursday, as investors digested an increase in US jobless claims and an interest rate cut from the European Central Bank.
Read moreM&G reports H1 net outflows of £1.5bn
4th Sep 2024 08:02
(Sharecast News) - Investment manager M&G reported net outflows of £1.5bn for the six months ended 30 June, excluding its Heritage division, a marked difference compared to net inflows of £700.0m at the same time a year earlier.
Read moreDirector dealings: M&G chair invests, Investec director offloads shares
20th Jun 2024 16:15
(Sharecast News) - Among the director dealings were disclosed to the market on Thursday were two involving executives from M&G and Investec Group.
Read moreLondon close: Stocks finish firmer ahead of Easter break
28th Mar 2024 16:08
(Sharecast News) - London's equity markets closed higher on Thursday ahead of the Easter break, despite lingering concerns over the UK's recessionary status in the latter part of last year.
Read moreLondon close: Stocks rise as BoE keeps rates on hold
21st Mar 2024 16:33
(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.
Read moreM&G beats profit forecasts with 28% profit growth
21st Mar 2024 07:11
(Sharecast News) - Savings and investments firm M&G beat analysts' forecasts with its 2023 results, with net client flows, adjusted profits and operating capital generation all up materially on the previous year.
Read moreThursday preview: Bank of Engand, M&G in focus
20th Mar 2024 16:04
(Sharecast News) - Investors' focus on Thursday will be firmly on the Bank of England's interest rate decision.
Read moreBerenberg lifts target price for M&G but keeps 'hold'
22nd Dec 2023 10:23
(Sharecast News) - Berenberg has hiked its target price for life insurance group M&G from 208p to 225p after updating its estimates for the IFRS 17 accounting adjustments.
Read moreDeutsche Bank upgrades UK insurers but downgrades Aviva
29th Nov 2023 10:14
(Sharecast News) - Deutsche Bank has raised its ratings for insurance peers Direct Line Group, Legal & General and M&G from 'hold' to 'buy', after turning more positive on the sector heading into next year, but has cut its rating on Aviva.
Read moreLondon close: Stocks slip after mountain of broker notes
28th Nov 2023 15:30
(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.
Read moreGoldman Sachs initiates coverage on M&G at 'buy'
28th Nov 2023 08:54
(Sharecast News) - Analysts at Goldman Sachs initiated coverage on investment manager M&G with a 'buy' rating and 240.0p target price on Tuesday, stating it had "attractive growth, capital returns, and valuation".
Read moreLondon close: Stocks turn higher on cooler US inflation report
14th Nov 2023 16:18
(Sharecast News) - London's stock markets had managed to turn positive by the close on Tuesday after a lower-than-expected inflation report from the United States boosted confidence while investors also mulled the latest UK jobs data.
Read moreRBC Capital downgrades M&G to 'sector perform'
14th Nov 2023 08:02
(Sharecast News) - RBC Capital Markets downgraded M&G on Tuesday to 'sector perform' from 'outperform' and cut the price target to 200p from 220p as it turned more cautious on asset management.
Read moreLondon close: Stocks firmer ahead of key inflation readings
13th Nov 2023 14:33
(Sharecast News) - London markets closed in a resilient state on Monday, maintaining positive momentum from the end of last week after solid gains on Wall Street on Friday.
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