Prudential Says No Resignations Were Called For By Fidelity
21st Jun 2010 16:53
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. insurer Prudential PLC (PRU.LN), which is facing a backlash from some shareholders over the failed $35.5 billion acquisition of American International Group Inc.'s (AIG) Asian unit, said Monday that no resignations were cal
Read moreMonday newspaper round-up: Budget, Prudential, BP
21st Jun 2010 06:33
Official forecasts will show George Osborne's emergency Budget hitting growth and costing jobs in the short term, government sources said last night, but the austerity measures will also create a brighter climate for the economy by the end of the parliament, the FT reports. In a tough Budget that
Read moreEx-Zurich boss could replace Pru chairman, reports
20th Jun 2010 13:04
The former boss of Zurich Financial Services, Jim Schiro, is reported to head a list of possible replacements for Prudential chairman Harvey McGrath. It has been rumoured that McGrath may be forced to resign following Prudential's failed $35.5bn bid for AIG's Asian business. "Harvey is on his way
Read moreFidelity To Demand Prudential Chairman Resignation -Newspaper
20th Jun 2010 12:19
LONDON (Dow Jones)--U.S. fund management group Fidelity is to demand Monday the resignation of Harvey McGrath, Chairman of U.K. insurance group Prudential PLC (PRU.LN), the Sunday Times reports without citing sources. The newspaper says a group of shareholders are also thought to be sounding out
Read moreSunday newspaper round-up: Budget, Prudential, BP
20th Jun 2010 12:11
The Chancellor, George Osborne, is expected to deliver on Tuesday one of the harshest Budgets in decades, as he attempts to grapple with the bloated public-sector debt legacy left by Labour. Sources close to Mr Osborne said this week's emergency Budget had been finalised by Friday, breaking with the
Read moreBP Shares Gain In Mildly Higher FTSE 100
18th Jun 2010 11:55
By Sarah Turner Of MARKETWATCH BP shares gained in British share trading on Friday, paring a fraction of the steep losses made since the explosion that sparked a massive oil spill in the Gulf of Mexico. BP (BP) climbed 4% to 374 pence, taking losses since the explosion on April 20 to 4
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
17th Jun 2010 09:56
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0856 GMT [Dow Jones] Standard & Poor's Equity Research upgrades Prudential (PRU.LN) to buy from hold, "now that the dust h
Read moreMARKET TALK: S&P Equity Research Raises Prudential To Buy
17th Jun 2010 09:56
0856 GMT [Dow Jones] Standard & Poor's Equity Research upgrades Prudential (PRU.LN) to buy from hold, "now that the dust has begun to settle after the termination of the American International Assurance transaction." Updates earnings forecasts to allow for positive comment around the AGM on sales in
Read morePru's big shareholders turn on McGrath
17th Jun 2010 09:11
Prudential's failed $35.5bn bid for AIG's Asian business has yet to claim a boardroom scalp, though it's looking increasingly likely that chairman Harvey McGrath may be first out the door. McGrath defended his fellow directors, especially under-fire chief executive Tidjane Thiam, at a lively AGM ea
Read moreThursday newspaper round-up: BP, Mansion House speech, banks
17th Jun 2010 06:09
BP has suspended dividend payments for the rest of this year and moved to slash its capital expenditure bill after agreeing to finance a $20bn (£13.5bn) clean-up and compensation fund for the Gulf of Mexico oil spill, says the Telegraph. The decision, which comes after weeks of speculation over the
Read moreDEALWATCH: Prudential Factor Adds To The M&A Go-Slow
16th Jun 2010 17:22
By Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The collapse of U.K. insurer Prudential PLC's (PRU.LN) $35.5 billion bid to buy American International Group Inc.'s (AIG) Asian operations has dramatically underscored to boards and shareholders the risks of big, transformational
Read moreBroker tips: Pru, BSkyB, N. Brown
16th Jun 2010 13:10
The determination by the management of Prudential to boost the company's presence in Asia may pay off in the long term for the insurer but Nomura Securities thinks that insurers with a greater UK focus than the Pru may do better in the near to medium term. Although Nomura agrees with the convention
Read moreBroker snap: Nomura neutral on the Pru
16th Jun 2010 11:47
The determination by the management of Prudential to boost its presence in Asia may pay off in the long term for the insurer but Nomura Securities thinks that insurers with a greater UK focus than the Pru may do better in the near to medium term. Although Nomura agrees with the conventional wisdom
Read moreMARKET TALK: Nomura Reinitiates Pru At Neutral; Lifts Target
16th Jun 2010 10:29
0929 GMT [Dow Jones] Nomura reinitiates coverage of Prudential (PRU.LN) at neutral and raises the price target to 700p from 680p. Continues to view its Asian franchise as highly attractive but thinks the market already recognizes this. In contrast, thinks Legal & General (LGEN.LN) and Aviva (AV.LN)
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
16th Jun 2010 10:29
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0929 GMT [Dow Jones] Nomura reinitiates coverage of Prudential (PRU.LN) at neutral and raises the price target to 700p fro
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