Outflows suffered by M&G hit profits at parent arm Prudential in 2016, despite the fund management arm returning to net inflows in the fourth quarter.
Prudential reported group IFRS operating profit, based on longer-term investment returns, was 2% lower at £4.3bn for the 12 months to end of December 2016, while M&G's operating profit were also 4% lower...
Negotiations had stalled recently
As January 2018 deadline looms
Number of groups making announcements this week
Natixis also linked
More focus on global equities