M&G chief executive pockets £700k from Pru share sale

M&G chief executive Michael McLintock has raked in nearly £700,000 after selling shares in parent company Prudential.

McLintock, who is also an executive director at Prudential, sold 120,000 shares worth 577p each in the insurance giant, cutting his stake to 798,098 shares. The sale comes at a time when Prudential's share price has endured a difficult couple of months, losing 23% since March according to Reuters. Last night shares closed at 560p, well below its 52-week high of 781p. McLintock has been an executive director at the Pru since 2000.