Update: M&G Property Portfolio suffers contract delays as suspension continues

Raising cash levels

M&G Investments' stricken property fund has suffered "delays to contractual agreements" due to coronavirus-related market uncertainty as the firm continues to attempt to sell assets.

M&G said it had sold a further £4.9m of assets and exchanged a further £39.8m since its February update, taking total assets that have exchanged or are under offer to £296.8m. Assuming all these assets...