M&G reports 5% profits rise for 2024
Transformation plans, including cost cuts and simplification of asset management business, boosts progress
Transformation plans, including cost cuts and simplification of asset management business, boosts progress
Follows the acquisition of Ravenscroft’s UK investment management business last year
Some 30% of shareholders have already voted in favour of the sale to Saltus
Removes the need for votes on significant or related party transactions
If approved, the deal would see the wealth manager transition to private ownership