Broker tips: Dr Martens, M&G, Aviva
13th Nov 2023 11:32
(Sharecast News) - Dr Martens slumped on Monday after Barclays downgraded shares of the iconic bootmaker to 'equalweight' from 'overweight' and cut the price target to 140p from 174p.
Read moreJPMorgan upgrades M&G to 'neutral'
13th Nov 2023 07:51
(Sharecast News) - JPMorgan Cazenove upgraded M&G to 'neutral' from 'underweight' on Monday as it revisited the UK life sub sector following a period of poor relative performance.
Read moreLondon close: Stocks mixed as interest rate concerns simmer
28th Sep 2023 16:12
(Sharecast News) - London stocks finished with a varied performance on Thursday as investors pored over the latest US jobless claims data, with underlying anxieties regarding interest rates still bubbling away.
Read moreM&G beats estimates for 1H profits and net client flows
20th Sep 2023 07:07
(Sharecast News) - Global investment manager M&G posted stronger-than-expected interim profits and net client flows.
Read moreM&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 more