M&G beats half-year profit expectations, cites Daiichi Life inflows
British insurer and money manager M&G beat half-year profit expectations and forecast low double-digit annual profit growth, with strong client inflows from Japanese partner Daiichi Life cushioning volatility amid the Iran war.
British insurer and money manager M&G LSE:MNG beat half-year profit expectations and forecast low double-digit annual profit growth on Thursday as strong client inflows from its Japanese partner Daiichi Life TSE:8750 cushioned the impact of market volatility due to the Iran war.