M&G shares slide as adjusted profit growth outlook slows
M&G shares fell 1.7% to 337.22 pence after the U.K. investment manager said adjusted profit growth would slow. It also reported a 325 million pound hit tied to the U.K. government’s cap on existing ground rents.
By Michael HennesseyM&G shares declined after the U.K. investment manager said it expected adjusted profit growth to slow, as it recorded a hit of 325 million pounds ($438.3 million) due to the U.K. government's cap on existing ground rents.Shares fell 1.7% to 337.22 pence during early morning Euro…