Investments and investor services
M&G's final offer knocked back by mortgage investor UKML
“The board believes that the terms of the Final Possible Offer continue to undervalue the company and its prospects"
Company
M&G PLC
LON:MNG
M&G Plc is a savings and investments business, managing investments for both individuals and for large institutional investors such as pension funds around the world. The investment manager was spun out from former parent Prudential in October 2019.
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Investments and investor services
M&G sees more retail investors desert as profits fall
Operating profits dropped to £309mln from £714mln, while there is an interim dividend of 6p
M&G suffers from popularity of passive funds
The asset manager suffered a £1.3bn in net outflows in its first set of full-year figures since it was demerged from Prudential in October
M&G dips as it warns of “pressure on profitability” from coronavirus
The asset manager warned the outbreak presented “significant uncertainty” and that further market turbulence could impact its capital strength
Regulators poised to step in to illiquid investments row
Issues around open-ended funds investing in illiquid assets are especially sensitive this year, with thousands of small investors sitting on millions of pounds of losses after the collapse of Neil Woodford’s empire
M&G "unexciting but cheap" for dividend potential, says Deutsche
Prior to being spun-off from Prudential, Deutsche analysts saw M&G as unattractive with “not much growth and too much debt”