M&G shares: hasty reaction

Prudential (PRU) investors have received another FTSE 100 holding in their share portfolios. Following approval earlier this month, and after more than a year of planning, the financial giant this week de-merged its UK-focused asset management arm, M&G (MNG), allowing it to focus on rapid growth in Asia and the US. For every Prudential share owned, investors were handed one in M&G.