M&G's newly installed chief executive Andrea Rossi said on Thursday his asset management and insurance business was capable of boosting profits independently, and had no plans to engage with predators reportedly circling the company.
Operating profit fell 27% to 529 million pounds, but this beat analyst forecasts after higher revenues than expected from the fund arm.
The company announced a final dividend of 13.4 pence per share, taking its total dividend for the year to 19.6 pence.Macquarie Group Ltd was in the early stages of exploring a takeover bid of more than 5 billion pounds for M&G, but had yet to make an approach to the company's board.
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