M&G tops analysts’ estimates for profit in the fiscal first half

M&G plc (LON: MNG) said on Wednesday that it is interested in introducing its flagship Prufund before the start of 2021. The retail savings product, it added, will be launched in mainland Europe. The company made the announcement as it published its financial update for the fiscal first half (H1) on Wednesday. Its peer, Standard Life Aberdeen, said last week that it concluded H1 in loss. Shares of the company jumped more than 2% in premarket trading on Wednesday and gained another 4% on market open. M&G that has a market cap of £4.62 billion is currently about 25% down