M&G (MNG)

Sector:

Financials

Index:

FTSE 100

199.35p
   
  • Change Today:
      1.45p
  • 52 Week High: 238.80
  • 52 Week Low: 183.05
  • Currency: UK Pounds
  • Shares Issued: 2,379.78m
  • Volume: 4,421,762
  • Market Cap: £4,744.09m
  • RiskGrade: 186

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

By Alexander Bueso

Date: Wednesday 20 Mar 2024

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


Bank Rate is widely expected to be held at 5.25%, but following weaker-than-expected inflation data published the day before, policymakers are expected to parti

Against that backdrop, consultancy S&P will publish the results of its manufacturing and services purchasing managers' surveys for the month of March in the UK, euro area and U.S..

A raft of other economic reports are set for release in the States.

They include the Philly Fed's regional factory index for the month of March, together with readings for weekly jobless claims and existing home sales.

Central banks in Norway and Switzerland will also announce their latest rate decisions with rates expected to remain on hold at 4.50% and 1.75%, respectively.

On the corporate side of things, M&G is due to post its 2023 results.

Consensus is that the investment manager will post full-year revenues of £996m for a total adjusted operating profit of £750m, although Nasib Ahmed at UBS has penciled-in £770m.

Ahmed is also anticipating an update out of the firm's management on potential tailwinds from the outperformance of its wholesale EU asset management funds.

The analyst expects that M&G will roll over its cumulative organic capital generation target of £2.5bn to 2024-26, whereas consensus has penciled in an OCG target of £2.8bn.

Thursday 21 March

TRADING ANNOUNCEMENTS

C&C Group (CDI)

INTERIMS

Regtech Open Project

INTERIM EX-DIVIDEND DATE

Beazley, Craneware, Fonix Mobile , Hargreaves Services, London Finance & Investment Group, NWF Group, Thorpe (F.W.), Tristel

QUARTERLY EX-DIVIDEND DATE

Abrdn Private Equity Opportunities Trust, British American Tobacco

FINALS

Aptitude Software Group , Aptitude Software Group , Aquis Exchange , Centamin (DI), Direct Line Insurance Group, Dowlais Group, Energean , Gulf Keystone Petroleum Ltd Com Shs (DI), Hostelworld Group , Ithaca Energy, Judges Scientific, M&G, National World , Next, Tribal Group

SPECIAL EX-DIVIDEND DATE

Primorus Investments

FINAL EX-DIVIDEND DATE

AIB Group (CDI), BlackRock World Mining Trust, Chemring Group, CLS Holdings, Conduit Holdings Limited Com Shs (DI), Crest Nicholson Holdings, DFI Retail Group Holdings Limited (Bermuda Regd), DFI Retail Group Holdings Limited (Jersey Reg), DFI Retail Group Holdings Limited (Sing.Reg), Glanbia (CDI), Globaldata, HGCapital Trust, Hikma Pharmaceuticals, Hongkong Land Holding Ltd. (Bermuda), Hongkong Land Holding Ltd. (Jersey), Hongkong Land Holding Ltd. (Sing.Reg), Jardine Matheson Holdings Ltd (Singapore Reg), Jardine Matheson Holdings Ltd. (Bermuda), Jardine Matheson Holdings Ltd. (Jersey), Mandarin Oriental International (Bermuda), Mandarin Oriental International (Jersey), Mandarin Oriental International (Singapore), Maven Income & Growth 3 VCT, Maven Income and Growth VCT 5, MTI Wireless Edge Ltd., Nichols, Oakley Capital Investments Ltd. (DI), Pearson, Schroders

EGMS

Dish TV India Limited GDR (Each Repr One Shr)

AGMS

Athelney Trust, Banco Santander S.A., Hyundai Motor Company GDR (Reg S), Jyske Bank A/S , Pressure Technologies, Pressure Technologies

UK ECONOMIC ANNOUNCEMENTS

BoE Interest Rate Decision (12:00)

Public Sector Net Borrowing (07:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (12:30)

Current Account (EU) (09:00)

Current Account (US) (12:30)

Existing Home Sales (US) (14:00)

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

Initial Jobless Claims (US) (12:30)



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

M&G Market Data

Currency UK Pounds
Share Price 199.35p
Change Today 1.45p
% Change 0.73 %
52 Week High 238.80
52 Week Low 183.05
Volume 4,421,762
Shares Issued 2,379.78m
Market Cap £4,744.09m
RiskGrade 186

M&G Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.04% below the market average9.04% below the market average9.04% below the market average9.04% below the market average9.04% below the market average
47.66% below the sector average47.66% below the sector average47.66% below the sector average47.66% below the sector average47.66% below the sector average
Price Trend
1.15% above the market average1.15% above the market average1.15% above the market average1.15% above the market average1.15% above the market average
3.45% above the sector average3.45% above the sector average3.45% above the sector average3.45% above the sector average3.45% above the sector average
Income
21.40% above the market average21.40% above the market average21.40% above the market average21.40% above the market average21.40% above the market average
15.15% below the sector average15.15% below the sector average15.15% below the sector average15.15% below the sector average15.15% below the sector average
Growth
74.33% below the market average74.33% below the market average74.33% below the market average74.33% below the market average74.33% below the market average
61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average

M&G Dividends

  Latest Previous
  2nd Interim Interim
Ex-Div 28-Mar-24 28-Sep-23
Paid 09-May-24 03-Nov-23
Amount 13.20p 6.50p

Trades for 26-Apr-2024

Time Volume / Share Price
16:36 15,000 @ 198.77p
16:35 1,648,958 @ 199.35p
16:35 896 @ 199.35p
16:35 3,130 @ 199.35p
16:35 4,584 @ 199.35p

M&G Key Personnel

CFO Kathryn McLeland
CEO Andrea Rossi

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