Morgan Stanley trims target price for Prudential, but reiterates 'overweight'
17th Sep 2018 14:15
(Sharecast News) - Analysts at Morgan Stanley trimmed their target price for shares of Prudential but reiterated their 'overweight' recommendation for the stock ahead of its de-merger into an asset manager to be called M&G Pru and an insurer focused on the UK, US and, above all, Asia.
Read moreM&G Prudential to take on £3.5bn of parent's debt
17th Sep 2018 07:46
(Sharecast News) - M&G Prudential will take on around £3.5bn of subordinated debt when it demerges from Prudential Plc as part of a debt rebalancing process. subject to approval from its new board.
Read moreThursday broker round-up
30th Aug 2018 13:50
(Sharecast News) - Bellway: Deutsche Bank upgrades to buy with a target price of 2,745p
Read moreThursday broker round-up
9th Aug 2018 13:02
(Sharecast News) - BBA Aviation: Liberum upgrades to buy with a target price of 370p.
Read morePrudential's M&G plans 'progressing' as growth driven by Asia
8th Aug 2018 09:30
(Sharecast News) - Prudential said the planned split of its UK from its Asian and US businesses was "progressing well" in a half-year that saw profits hit by currency swings but still beat expectations thanks to one-offs.
Read moreAnne Richards leaves M&G Prudential for Fidelity
27th Jul 2018 11:02
(Sharecast News) - Ahead of the spin-off of Prudential's UK and Europe business, investment chief Anne Richards has quit to take up the role of chief executive of Fidelity International.
Read moreLondon close: FTSE gains on financials as US consumer inflation surprises
15th Feb 2017 17:15
(ShareCast News) - London stocks ended Wednesday higher as investors considered news that UK's jobless rate held steady at end-2016, with forecast-busting US inflation numbers helping boost global markets led north by financials. The FTSE 100 ended the session up 0.47% or 33.85 points at 7,302.41, s
Read moreSector movers: Financials, insurers pace gains as interest rates rise
9th Feb 2017 16:07
(ShareCast News) - Interest rate sensitive stocks such as life insurers and banks recovered some of their poise as government bond yields bounced back from their recent lows. Significantly, traders cited comments from US president Trump during the afternoon saying he would have "something phenomenal
Read moreSector movers: Cyclicals bounce back, Evraz in the lead
1st Feb 2017 15:46
(ShareCast News) - There was a clear split in the market on Wednesday as cyclicals bounced back and the more defensive segments of the market were relegated to the bottom of the pile. Thus, shares in Prudential and Aviva were to be seen pacing gains among life insurers as yields on benchmark 10-year
Read moreSector movers: Miners boosted by yuan strength
5th Jan 2017 15:35
(ShareCast News) - Miners and oil related companies were leading the pack north after China's currency rose for a second day, boosting prices for most commodities. As of 0720 GMT the onshore yuan was trading at 6.8120 against the US dollar and was up by 0.80% against the greenback, its best level si
Read moreFriday broker round-up
18th Nov 2016 18:17
(ShareCast News) - Tesco: HSBC reiterates buy with a target price of 260p. Sage: Goldman Sachs reiterates buy with a 870p target. Aggreko: Barclays stays at overweight with a 1000p target. Prudential: Barclays reiterates overweight with a 1748p target. IQE: Canaccord keeps at buy with a 51p targe
Read moreBofA Merrill upgrades St James's Place to 'buy'
18th Nov 2016 10:18
(ShareCast News) - Bank of America Merrill Lynch upgraded St James's Place as it took a look at the insurance sector on Friday, reversing some of its post-Brexit conservatism in the wake of a significant rise in bond yields. It upped St James to 'buy' from 'neutral' and lifted the price target to 1,
Read moreUK asset managers breath sigh of relief after 'benign' FCA probe
18th Nov 2016 07:46
(ShareCast News) - The financial watchdog is planning a tougher clampdown on UK asset management companies as it feels the sector has enjoyed big profits for many year by not competing very hard on prices and fees, though analysts said the industry will breathe a sigh of relief at the lack of bite f
Read moreThursday broker round-up
17th Nov 2016 13:00
(ShareCast News) - Kingfisher: HSBC reiterates hold with a target price of 380p. Astrazeneca: Berenberg reiterates buy with a 55p target. Aggreko: Jefferies stays at hold with a 750p target. Easyjet: Barclays reiterates equal-weight rating with a 1000p target. Amec Foster Wheeler: UBS keeps at ne
Read morePrudential nine-month new business profit up, to boost divi by 5% a year
16th Nov 2016 08:08
(ShareCast News) - FTSE 100 insurer Prudential reported a jump in new business profit for the first nine months of the year and said it plans to boost its dividend by 5% a year. New business in the first nine months of the year rose to £1.97bn from £1.66bn in the same period a year ago, with annual
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