Pru wants ex-FSA chief on board
1st Oct 2010 16:45
Sir Howard Davies, the former head of the Financial Services Authority (FSA), is in talks with Prudential about joining the insurer's board. The move is seen by many as an attempt to toughen the management team and appease shareholders following the messy non-acquisition of AIA earlier this year.
Read moreBrooks seven pocket £2.2m
24th Sep 2010 17:02
All seven executive directors of wealth management firm Brooks Macdonald have taken advantage of the share price more than doubling over the past year to reduce their shareholdings. They all sold shares at 895.5p each and raised £2.21m in total. The shares are 133% higher than one year ago. Inv
Read moreLondon afternoon: Buyers buzzing
13th Sep 2010 15:27
The leading index is near its best levels of the day following a strong start on Wall Street, fuelled by new Basel III bank rules and impressive Chinese factory output. London is up for the fourth session in a row and trading higher for the eleventh day out of twelve, up at a new four-month high. S
Read moreLondon midday:Miners and banks lift index
13th Sep 2010 12:20
London's strong start to the day has continued with banks, miners and the odd sprinkling of bid talk giving buyers lots to bite on. Banks are among the top risers after a less stringent than feared Basle III decision by the European banking body. Royal Bank of Scotland and Lloyds are both in demand
Read moreLondon open: Banks spur strong start
13th Sep 2010 08:38
Blue chips have moved higher first thing, extending last week's three-day winning streak to a fourth session following Basle III and bullish data out of China. Markets in the Far East surged following news that Chinese industrial production jumped a better than expected 13.9% year on year in August
Read moreSunday newspaper round-up: Prudential, Betfair, Vodafone...
12th Sep 2010 10:26
A group of Chinese investors is in the early stages of considering a takeover offer for Prudential, Britain's biggest insurer. The billionaire entrepreneurs were among the Asian backers who wanted to throw their weight behind Prudential's failed $35bn (£22.8 billion) takeover bid for its Asian riva
Read moreMonday newspaper round-up: British Airways, Income tax, Prudential...
6th Sep 2010 06:44
Willie Walsh has identified 12 airlines as potential acquisition targets once he completes the merger of British Airways and Iberia this year. The BA chief executive said that he had held discussions with executives of the Spanish flag carrier about future acquisitions, as he seeks to lead a wave o
Read moreWeek ahead: Prudential, Standard Life, Mondi...
6th Aug 2010 13:18
Prudential has had a six months to forget with the collapse of its $35.5bn deal to buy AIA, but its interim figures should help to restore its reputation a little. Its strong results through the debacle of the AIA deal are probably the only thing that saved chief executive Tidjane Thiam's job. Bro
Read moreFTSE 100 movers: Standard strong ahead of interims
3rd Aug 2010 15:44
Financials are generally strong but Footsie is still lower on the day. Standard Chartered is strong ahead of tomorrow's interim results. Man Group, Standard Life and Prudential are also higher. Banking group Investec is heading in the other direction after it raised £104.5m through a placing at 4
Read moreUK Life Insurers To Post Higher 1H Earnings, Dividends
2nd Aug 2010 13:16
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Many of the U.K.'s top life insurance companies are expected over the next three weeks to report slightly higher first-half earnings and interim dividends, boosted by cuts in costs, a focus on margins and some recovery in sales
Read morePacific & Orient Seeks Central Bank OK To Sell Stake In Insurance Unit
2nd Aug 2010 12:21
KUALA LUMPUR (Dow Jones)--Malaysia's Pacific & Orient Bhd (6009.KU) said Monday it is seeking approval from the central bank to begin talks to sell a stake in its insurance unit, Pacific & Orient Insurance Co. Bhd., to Prudential Holdings Ltd., which is a part of U.K. insurer Prudential PLC (PRU.LN)
Read moreMARKET TALK: UBS Cuts European Autos To Underweight
2nd Aug 2010 07:54
0654 GMT [Dow Jones] UBS downgrades its view on European auto sector to underweight from neutral. The sector has been the best performing one since the recent peak, while earnings momentum is at an 8-year high and may have peaked, says UBS. Valuations are no longer attractive says UBS and economic l
Read moreMARKET TALK: P&O +10.3%; Prudential Possibly Eyeing Stake
2nd Aug 2010 02:42
0142 GMT [Dow Jones] Pacific & Orient (6009.KU) +10.3% at MYR1.02; dealer says stock of general insurer may rise to test MYR1.10; this after The Edge quotes unnamed sources as saying U.K.'s Prudential (PRU.LN) looking to buy P&O's insurance business. Paper says Prudential had written to Bank Negara
Read moreMARKET TALK: P&O May Rise; Prudential Eyes Stake - Report
1st Aug 2010 00:50
2350 GMT [Dow Jones] Pacific & Orient (6009.KU) may rise to test MYR0.99 (Friday's intraday high) vs last Friday's close at MYR0.925 (+6.9%), says dealers; this on The Edge weekly report that UK's Prudential PLC (PRU.LN) looking at acquiring P&O's insurance business. Paper quoted unnamed sources as
Read morePrudential Eyes Stake In Malaysia General Insurer - Report
1st Aug 2010 00:10
KUALA LUMPUR (Dow Jones)--Prudential PLC (PRU.LN) is looking at acquiring the insurance business of Malaysian insurer Pacific & Orient Bhd. (6009.KU), The Edge weekly reported over the weekend, citing unnamed sources. The Edge reported that Prudential had written to Malaysia's central bank to se
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