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M&G: FTSE 100 giant hits out at Rayner’s ground rent cap as it suffers loss
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M&G: FTSE 100 giant hits out at Rayner’s ground rent cap as it suffers loss
Asset manager M&G has swung to a loss driven by the Labour government’s introduction of a cap on existing ground rents. The FTSE 100 group hit out at the government after it reported a £165m loss for the first six months of the year, driven by a £325m write-down eating into its bottom-line. In its [...]
3 Sept, 06:41
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