Prudential executive directors take pay cut amid Covid-19 crisis
9th Apr 2020 12:41
(Sharecast News) - Prudential said on Thursday that its executive directors will take a pay cut due to the coronavirus pandemic.
Read moreLegal & General says it still intends to pay dividend
3rd Apr 2020 20:40
(Sharecast News) - Legal & General said on Friday that it will pay a final dividend for 2019 despite a warning from the Bank of England.
Read moreEurope midday: Insurers, oil and gas shares pace gains
24th Mar 2020 12:56
(Sharecast News) - Stocks are holding near their best levels of the session, helped by reports that US Senate leaders have agreed on a spending plan and that Germany might ramp-up its own stimulus.
Read morePrudential looking at more options for Jackson capital raise
24th Mar 2020 08:52
(Sharecast News) - UK insurer Prudential said it was actively looking at other options for its US unit Jackson along with plans for a minority public offering, as market turmoil continued due to the coronavirus outbreak.
Read morePrudential expands partnership with Thailand's TMB Bank
19th Mar 2020 13:42
(Sharecast News) - Prudential announced on Thursday that its Thailand subsidiary was entering into a strategic bancassurance partnership with TMB Bank, with an initial term of 15 years, to provide its suite of health and wealth solutions to TMB's "large and growing" customer base.
Read moreFriday broker round-up
13th Mar 2020 13:17
(Sharecast News) - Balfour Beatty: UBS upgrades to buy with a target price of 350p.
Read morePrudential plans partial IPO of US Jackson business
11th Mar 2020 08:47
(Sharecast News) - Prudential announced plans for a partial public offering of its US business as the insurer reported a 20% increase in adjusted operating profit.
Read moreWednesday preview: Budget 2020, Prudential in the spotlight
10th Mar 2020 17:42
(Sharecast News) - All eyes on Wednesday will be on the Chancellor's budget for 2020 and what measures he may announce to help offset the near-term hit to the economy from the coronavirus.
Read moreSunday newspaper round-up: Prudential, Bank of England, Supermarkets
8th Mar 2020 20:55
(Sharecast News) - Prudential is set to reveal plans for a partial float or sale of its American insurance business as an activist investor circles. The FTSE 100 giant is expected to outline its intention to offload a stake in Jackson, which has four million customers in the US, alongside its annual results on Wednesday. Jackson, founded in Michigan in 1961 and owned by the Pru since 1986, would be worth between $6bn (£4.5bn) and $10bn, according to insiders, although it would be towards the lower end of that range today given the cut in US interest rates in response to the coronavirus and the flight to safety that pushed yields on 10-year US Treasuries to a record low of less than 0.7%. - The Sunday Times
Read moreSunday newspaper round-up: Coronavirus, Turkey, NMC Health
1st Mar 2020 19:03
(Sharecast News) - Twelve more people have tested positive for the coronavirus in the UK, with one of the patients having no known travel to any of the affected countries. The new cases were announced as Prime Minister Boris Johnson told reporters that he was "very, very confident" that the NHS could cope with an outbreak and urged the public to do their bit by following public health advice. - The Daily Telegraph
Read moreWednesday broker round-up
26th Feb 2020 12:48
(Sharecast News) - Associated British Foods: Berenberg downgrades to hold with a target price of 2,700p.
Read moreFriday broker round-up
14th Feb 2020 12:38
(Sharecast News) - SSE: Morgan Stanley downgrades to equal weight with a target price of 1,620p.
Read moreMonday broker round-up
10th Feb 2020 12:52
(Sharecast News) - Consort Medical: RBC Capital Markets upgrades to sector performer with a target price of 1,010p.
Read moreRecent share price weakness in Prudential set to be 'temporary', Deutsche Bank says
3rd Feb 2020 14:15
(Sharecast News) - For analysts at Deutsche Bank, Prudential's recent share price weakness was set to be temporary.
Read morePrudential hires Shriti Vadera as next chair
30th Jan 2020 10:27
(Sharecast News) - Prudential has recruited Shriti Vadera as its next chair in a move that cements the former government minister's position as one of the most powerful women in the City.
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