M&G Share News (MNG)

M&G's bottom line hit by market volatility but client inflows hold up

(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.

Sunday newspaper round-up: Arm, China, M&G

(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

UK earnings, trading statements calendar - next 7 days

IN BRIEF: M&G Non-executive Director Massimo Tosato buys 61,100 shares

M&G PLC - London, UK-based global investment manager - Amends release from October 13 and states Massimo Tosato, independent non-executive director purchased 61,100 ordinary shares on October 12, not 60,700 as previously stated. Says the price paid averaged GBP1.64 per share, making for a total purchase amount of roughly GBP100,204.

LONDON MARKET CLOSE: Stocks fall after key US inflation gauge picks up

(Alliance News) - Stocks in London closed in the red on Friday after a closely-watch gauge of US inflation accelerated in January, keeping pressure on the US Federal Reserve to maintain a hawkish stance on interest rates.

LONDON BROKER RATINGS: Bryan Garnier starts Unilever with 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

LONDON BROKER RATINGS: Deutsche Bank double-upgrades easyJet to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

LONDON BRIEFING: UK wage growth slows, real wages continue to fall

(Alliance News) - Stocks in London are set to open higher on Tuesday morning, as fresh data revealed UK average pay slowed in last three months of 2022 and saw one of the biggest falls in real terms since records began.

LONDON MARKET CLOSE: Rate worries keep European stocks in check

(Alliance News) - Stock prices in London closed lower on Friday, as news that the UK managed to avert a recession failed to inspire equities, with interest rate worries hanging over markets again.

LONDON BROKER RATINGS: JPMorgan raises Trustpilot to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

LONDON BROKER RATINGS: Jefferies resumes Taylor Maritime with 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

LONDON BROKER RATINGS: Barclays raises Lloyds Banking and cuts NatWest

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Berenberg downgrades L&G and M&G to 'hold'

(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.

LONDON BRIEFING: Pets at Home raises guidance; IMF cuts UK GDP outlook

(Alliance News) - Stocks in London were set to open lower on Tuesday, following a forecast by the International Monetary Fund warning the UK economy will shrink this year, despite growth elsewhere.