Prudential's UK and Europe head Jackie Hunt steps down
21st Oct 2015 14:47
(ShareCast News) - Jackie Hunt will step down as chief executive of Prudential UK & Europe with immediate effect. The FTSE 100 insurer said group investment director John Foley will fill the role alongside his current duties until a permanent successor is announced in due course. Chief executive
Read moreSunday newspaper round-up: Global recession, Glencore, Prudential
4th Oct 2015 19:29
(ShareCast News) - Emerging economies risk "leading the world economy into a slump", with lower growth and a rout in financial markets, according to the latest Brookings Institution-Financial Times tracking index. Released ahead of the annual meetings of the International Monetary Fund and World Ban
Read morePrudential considers moving headquarters to Asia
4th Oct 2015 13:06
(ShareCast News) - British-based insurance group Prudential is reportedly reviving proposals to move its headquarters to Asia to avoid new European Union regulations. The plans are believed to have been first laid out three years ago when Tidjane Thiam was chief executive and are now being re-examin
Read morePrudential appoints Lord Turner and David Law as non-exec directors
15th Sep 2015 12:05
(ShareCast News) - Insurer Prudential has appointed Lord Turner of Ecchinswell and David Law a non-executive directors with immediate effect. Turner, who is currently chairman of the Institute for New Economic Thinking and a non-executive director of OakNorth Bank, has been appointed a member of the
Read moreFTSE 100 movers: Miners and financials drive third successive uptick
9th Sep 2015 14:55
(ShareCast News) - The FTSE 100 index was higher for the third day of the week, led by miners and financials stocks. Diversified miner Anglo American was the leader of the pack with an hour to go on Wednesday as it confirmed the sale of loss-making Rustenberg mining and concentrating operations to S
Read moreFTSE 100 movers: Financials on a flier as risk-on returns
8th Sep 2015 14:03
(ShareCast News) - The FTSE 100 index built on a strong start on Tuesday, rising 1.5% to 6,162.86 points by mid-afternoon with the financial sector leading the charge. Pensions and investment company Hargreaves Lansdown, which is due to publish results on Wednesday, and Aberdeen Asset Management tus
Read moreMorgan Stanley recommends adding exposure to European stocks
26th Aug 2015 09:33
(ShareCast News) - The ongoing weakness in emerging markets and China won't significantly dent the European economy, Morgan Stanley said in its most recent equity strategy note. The bank said it expects equities to be higher in three months, adding that current volatility in markets is likely to be
Read moreWednesday tips round up: Adecco, Prudential
12th Aug 2015 09:52
(ShareCast News) - It is over to Adecco's incoming chief executive Alain Dehaze to show he was the right hire to lift profitability, the Financial Times' Lex column said. Recruitment specialist Adecco's selling, general and administrative expenses outpaced revenue in the first half of this year. Ad
Read moreLondon close: UK stocks end in the red after China cuts renminbi
11th Aug 2015 16:15
(ShareCast News) - UK stocks ended Tuesday's session in the red after China's central bank devalued its currency, adding to concerns about the slowdown in the world's second largest economy. Overnight, the People's Bank of China cut the renminbi's daily fixed rate to the dollar by 1.9% to 6,228, the
Read moreFTSE 100 movers: Prudential rallies as first-half numbers impress, Burberry slumps on yuan devaluation
11th Aug 2015 14:36
(ShareCast News) - London's FTSE 100 index was down 0.8% at 6,681 at 1500 BST, as the devaluation of the yuan hit the heavily-weighted mining sector. Prudential was the standout gainer after the insurer posted a better-than-expected 17% rise in first-half operating profit and lifted its interim divi
Read morePrudential beats expectations with 17% rise in first-half operating profit
11th Aug 2015 09:33
(ShareCast News) - Insurer Prudential rallied after posting a better-than-expected 17% rise in first-half operating profit and lifting its interim dividend on the back of strong performances in all of its business units. In its first earnings release under new chief executive Mike Wells, Prudential
Read moreLondon close: Stocks rebound as Fed official suggest later rate hike
10th Aug 2015 16:25
(ShareCast News) - UK stocks regained ground at close of trading on Monday after a US Federal Reserve official suggested a September rate hike may not be on the cards as many expect. Fed vice chairman Stanley Fischer on Monday told Bloomberg he doesn't expect the first rate hike in nine years to occ
Read moreTuesday preview: Prudential's new CEO delivers first half results
10th Aug 2015 15:31
(ShareCast News) - Prudential is on Tuesday expected to report an increase in earnings, driven by growth in the Asia business. The UK's largest insurer by market value is forecast to report a 14% jump in International Financial Reporting Standards operating profit to £1.73bn. UBS has predicted posi
Read morePrudential appoints Penny James as chief risk officer, executive director
10th Aug 2015 10:48
(ShareCast News) - Insurer Prudential has appointed Penny James as chief risk officer and as an executive director with effect from 1 September. James was previously director of group finance at Prudential and led the company's Solvency II programme. She was also a member of the Group Executive Risk
Read moreWeek ahead: Data rumbles due to disturb City's summer quiet
7th Aug 2015 13:16
(ShareCast News) - The corporate results season has past its peak and tails off as summer holidays empty out the City, but the week ahead is due to see some big financial news nonetheless, including Eurozone second quarter GDP, a UK labour market update, with US retail sales and industrial productio
Read more