M&G reports record half-year operating profits of £435 million
Net inflows reached £2.4 billion while new propositions drove £1.7 billion in life sales, strengthening the company's diversified structure.
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International savings and investment group
mandg.comLast updated
In short: M&G reported strong half-year profits of £435 million and expanded its PruFund range while completing several bulk annuity transactions.
Net inflows reached £2.4 billion while new propositions drove £1.7 billion in life sales, strengthening the company's diversified structure.
The £29 million deal includes energy-efficient social rent properties managed by Pinnacle Group, marking the fund's entry into that sector.
He was former Chief Investment Officer, Fixed Income, and a highly respected figure in the investment industry
The joint venture will scale a multi-billion European CLO platform, combining M&G's expertise with Ontario Teachers' capital.
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M&G stock is trading at 357.70 pence on the London Stock Exchange, with analysts expecting significant upside and a focus on dividends and buybacks.
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