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M&G's adjusted operating profit before tax rose to £797m at the end of 2023, up from £625m for the previous year

Asset Management Correspondent

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M&G posted a 28% increase in pre-tax profit last year after inflows into its asset management arm and cost savings helped buoy the UK-listed investments group.

M&G profit jumps 28% after inflows and cost cuts in 2023

David Ricketts

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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