Prudential 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.
Read morePrudential signs Vietnamese insurance partnership deal
6th Jan 2020 08:24
(Sharecast News) - Prudential on Monday said it had reached a deal offering its life insurance products to customers of Vietnam's Southeast Asia Commercial Joint Stock Bank (SeABank).
Read morePrudential division acquires most of Thanachart Fund Management
27th Dec 2019 15:49
(Sharecast News) - Prudential announced on Friday that its Asian investment management business Eastspring Investments has successfully completed its acquisition of 50.1% of Thanachart Fund Management from Thanachart Bank Public Company and Government Savings Bank, with Thanachart Bank holding the remaining 49.9% stake.
Read moreWednesday broker round-up
4th Dec 2019 16:07
(Sharecast News) - Moneysupermarket: RBC Capital Markets downgrades to underperform with a target price of 300p.
Read moreWednesday broker round-up
4th Dec 2019 11:19
(Sharecast News) - Moneysupermarket: RBC Capital Markets downgrades to underperform with a target price of 300p.
Read moreTuesday broker round-up
19th Nov 2019 13:08
(Sharecast News) - B&M: Citigroup downgrades to neutral with a target price of 405p.
Read moreThursday broker round-up
24th Oct 2019 13:38
(Sharecast News) - Reckitt Benckiser: UBS downgrades to neutral with a target price of 6,200p.
Read more