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Pin to quick picksM&G Share News (MNG)

Share Price Information for M&G (MNG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 199.35
Bid: 199.30
Ask: 199.40
Change: 1.45 (0.73%)
Spread: 0.10 (0.05%)
Open: 199.45
High: 199.75
Low: 197.90
Prev. Close: 197.90
MNG Live PriceLast checked at -

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London stocks round off March quarter with healthy gains

Thu, 28th Mar 2024 17:37

JD Sports climbs as pre-tax profit in line with guidance

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Spirent Communications jumps on Keysight deal

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FTSE 100 climbs 0.3%, FTSE 250 up 0.4%

March 28 (Reuters) -

Britain's main stock indexes ended the March quarter on a positive note as data confirmed that Britain's economy entered shallow recession in 2023, while JD Sports had its best day since April 2020 after confirming earnings guidance.

The bluechip FTSE 100 rose 0.3% and the midcap FTSE 250 index was up 0.4% on the day, hitting over one-year highs earlier in the session, with the benchmark index logging its best month since November 2022.

The resources-heavy index also ended the January-March quarter with around 3% gains, its highest since December 2022 but lagged its European peers.

JD Sports jumped 15.6% to a near three-month high after the sportswear retailer said its pretax profit for the year to Feb. 4 would meet guidance it downgraded in January in the range of 915-935 million pounds ($1.16-$1.18 billion).

"The company's scale and deep relationships with important brands has given it an advantage over many rivals and enabled it to expand across different geographies and become a major force in the sports retail world," said AJ Bell investment director Russ Mould.

Retailers' shares also led the sectoral gains with a 2.2% rise.

Precious metal miners and industrial metal miners boosted gains with a 1.9% and 1.3% advance, respectively, after prices of most base metals and gold rose, lifted by signs of stabilisation in China's broader economy.

On the macro front, official data confirmed Britain's economy entered a shallow recession last year, with GDP shrinking by 0.1% in the third quarter and by 0.3% in the fourth quarter, unchanged from preliminary estimates.

Investors will be focussed on a key reading of the U.S. personal consumption expenditure price index (PCE), the Federal Reserve's preferred inflation gauge, due on Friday, when most global markets will be shut for the Good Friday holiday.

Among other movers, Spirent Communications jumped 11.7% to the top of the midcap index on agreeing to Keysight Technologies's offer, valuing the firm at 1.16 billion pounds.

M&G, Smith & Nephew and Taylor Wimpey were down between 2.3% and 6.1% as they traded ex-dividend. ($1 = 0.7919 pounds) (Reporting by Siddarth S, Pranav Kashyap and Shubham Batra in Bengaluru; Editing by Sohini Goswami, Tasim Zahid and Costas Pitas)

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18 Apr 2024 09:30

IN BRIEF: Alison Morris set to join Quilter board in September

Quilter PLC - London-based wealth manager - Appoints Alison Morris as a non-executive director, with effect from September 9. Alison is currently a non-executive director of M&G Group Ltd, part of asset manager M&G PLC, and will step down from that role before joining the Quilter board. She has been a non-executive director of Paragon Banking Group PLC since 2020 and recently was made senior independent director. She has been on the Sabre Insurance Group PLC board since 2022.

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15 Apr 2024 09:49

M&G to add Edinburgh Investment Trust Chair Stheeman to board

(Alliance News) - M&G PLC on Monday said the chair of Edinburgh Investment Trust PLC, Elisabeth Stheeman, will join its board in August, bringing a "wide mix of executive and non-executive experience" to the firm.

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11 Apr 2024 08:59

LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher

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

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10 Apr 2024 09:01

LONDON BROKER RATINGS: Exane BNP raises Shell to 'outperform'

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

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10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

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28 Mar 2024 16:08

London close: Stocks finish firmer ahead of Easter break

(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.

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26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

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

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21 Mar 2024 16:33

London close: Stocks rise as BoE keeps rates on hold

(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.

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21 Mar 2024 09:26

TOP NEWS: M&G sees 28% jump in annual profit after cost reductions

(Alliance News) - M&G PLC on Thursday said lower costs drove its annual profit, and remains "well-positioned" going into the new financial year.

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21 Mar 2024 07:52

LONDON BRIEFING: Stocks called up thanks to New York rally

(Alliance News) - Stocks in London are to open higher on Thursday, after a global equity market rally following the latest interest rate call from the US Federal Reserve.

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21 Mar 2024 07:11

M&G beats profit forecasts with 28% profit growth

(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.

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20 Mar 2024 16:04

Thursday preview: Bank of Engand, M&G in focus

(Sharecast News) - Investors' focus on Thursday will be firmly on the Bank of England's interest rate decision.

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20 Mar 2024 07:20

TOP NEWS: Prudential earnings rise in 2023 as policy sales rebound

(Alliance News) - Prudential PLC on Wednesday credited strong growth in new business profit to a "relentless focus on execution" in Asia and Africa over 2023.

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14 Mar 2024 15:06

UK earnings, trading statements calendar - next 7 days

Friday 15 March 
Berkeley Group Holdings PLCTrading Statement
Volution Group PLCHalf Year Results
Monday 18 March 
Marshalls PLCFull Year Results
Seeing Machines LtdHalf Year Results
Serinus Energy PLCFull Year Results
SigmaRoc PLCFull Year Results
Team Internet Group PLCFull Year Results
Tuesday 19 March 
Atalaya Mining PLCFull Year Results
Close Brothers Group PLCHalf Year Results
DFS Furniture PLCHalf Year Results
Eagle Eye Solutions Group PLCHalf Year Results
Essentra PLCFull Year Results
Fintel PLCFull Year Results
Litigation Capital Management LtdHalf Year Results
Midwich Group PLCFull Year Results
Mpac Group PLCFull Year Results
MP Evans Group PLCFull Year Results
Pebble Group PLCFull Year Results
Personal Group Holdings PLCFull Year Results
Sabre Insurance Group PLCFull Year Results
Staffline Group PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
Yu Group PLCFull Year Results
Zotefoams PLCFull Year Results
Wednesday 20 March 
Computacenter PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
Kenmare Resources PLCFull Year Results
Prudential PLCFull Year Results
VietNam Holding LtdHalf Year Results
Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Stock Exchange PLCFull Year Results
Centamin PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Hostelworld Group PLCFull Year Results
Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Tribal Group PLCFull Year Results
  
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