M&G shaves more than £200m off costs as it edges towards end of year target

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M&G is working towards its end-of-year cost saving target of £230mPhoto: Alamy Stock Photo

M&G has cut more than £200m in costs as the UK-listed savings and investments group heads towards an upgraded target it set at the start of the year.

Half-year results published on 3 September showed the FTSE 100 firm has shaved £213m in expenses since unveiling a transformation programme at the start of 2023.