However, this may be a buying opportunity. Indeed, Tesco shares recently hit a six-year low of 199p following the half-year results earlier in October. Shares in the supermarket chain are down 22% this year to 210p on concerns about inflationary cost pressures and the cost of living crisis. It’s not an easy time for the retailing sector. However, this still leaves plenty of upside potential. It also pays a decent dividend for income seekers, with a current yield of 10%.Īnalysts at brokers Deutsche Bank Aktiengesellschaft recently trimmed their price target on the shares from 230p to 200p. M&G has set a target to deliver operating capital of £2.5 billion to the end of 2024. Meanwhile, the shareholder Solvency II ratio came in at 214%. The asset manager saw net client inflows of £1.2 billion and operating capital generation increased by 40% on the previous year. Meanwhile, assets under management increased by 0.8% to £370 billion and the company unveiled a share buyback scheme worth £500 million. This reduction was due to changes to longevity assumptions and subsequent lower benefits. M&G posted relatively robust full-year results for 2021, with adjusted operating profits before tax of £721 million – although this was down on the previous year’s figure of £788 million in 2020. The shares have since recovered some ground to 178.5p but are still down 10% for the year. However, analysts at broker UBS said they do not expect blue chip life assurers, such as M&G and Aviva, to experience serious solvency ratio problems and that any issues are likely to be minor. Investors feared that pension funds would experience liquidity problems because of the devaluation of the pound and long-term interest rate increases. Shares in pensions and investments specialist M&G recently dipped by 17% following former chancellor Kwasi Kwarteng’s poorly received mini budget. How to choose the best investment platform.How to choose the best trading app in the UK.How to choose the best beginners' trading platform.How to find the best day trading platform.What is sectors trading and how does it work?.Instacart IPO: what you need to know and how to buy shares.What are futures and how do you trade them?.What are options and how do you trade them?.
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