M&G set to cut 10% of jobs to boost sluggish profits

Fund manager M&G is to cut staff numbers by 10% following a fall in pre-tax profits from £1.62bn to £1.149bn.

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Fear of contagion as second property fund suspended

There are growing concerns that more property funds will be suspended after Prudential halted dealing in its UK Property Fund late on Friday.

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M&G suspends £2.5bn property fund as withdrawals leap

Fund manager M&G has temporarily suspended dealing in its M&G Property Portfolio Fund and feeder fund after a sharp rise in investor withdrawals.

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Fidelity poaches new CEO Anne Richards from rival M&G

Fidelity has recruited experienced investment professional Anne Richards as chief executive from rival M&G where she was CEO of M&G Investments.

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