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Prudential PLC (PRU.L)

PRU.L on London Stock Exchange

20 Jan 2017
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-3.50 (-0.23%)
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Latest Key Developments (Source: Significant Developments)

Prudential CEO still interested in "bolt-on" U.S. acquisitions
Wednesday, 16 Nov 2016 12:27pm EST 

Prudential investor day : Ceo mike wells says still interested in "bolt-on" acquisitions in united states . Cfo nic nicandrou says in an ideal world, would drop solvency ii capital rules Further company coverage: [PRU.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Prudential CEO sees 'significant' growth opportunities across business
Wednesday, 16 Nov 2016 04:52am EST 

Prudential : CEO Wells says sees "significant" growth opportunities across Asia, Europe, U.S. . CFO Nicandrou says Solvency II surplus at end-Oct 11.5 billion pounds, ratio 189 percent. . CFO says product and pricing changes have more than offset rate moves. . CFO says Indonesia sales still "relatively subdued". . CFO says U.S. annuity market still "disrupted" following Dept. of Labor ruling. . CFO says U.S. DoL ruling is "not an earnings event". . CFO says asset management unit has seen encouraging Q3 flows; external assets buoyed by market gains. . CFO says Eastspring seeing "small drift away" from higher fee business. . Asia head Tony Wilkey says on track to achieve 2017 objectives; onboarding 5,000 new customers a day. .Asia CEO Lilian Ng says seeing "robust demand" for insurance in Hong Kong..  Full Article

Prudential H1 operating profit rises 6 pct
Wednesday, 10 Aug 2016 04:38am EDT 

Prudential Plc : Prudential plc - hy16 results - business review . M&G H1 underlying operating profit 225 million stg . Group H1 operating profit 2.059 billion stg . Excluding uk bulk annuities from 2015 comparative results as prudential has withdrawn from this market. . Says macro-economic context looks certain to be challenging and unpredictable in short term . Uk operating profit 384 million stg . Says m&g cost-income ratio up 1 percentage point to 52 per cent . Us pre-tax operating profit 888 million stg . H1 profit after tax fell 54 percent to 687 million stg . H1 operating profit 2.059 billion stg . Ceo says well placed to capitalise on positive structural trends and remain distinctive in our ability to deliver both growth and cash . Says group solvency ii capital surplus £9.1bn down 6% . Says m&g, as expected has continued to experience significant net outflows in first half . Says m&g reported ifrs operating profit of £225 million reflecting impact of these outflows partially offset by lower costs . Life ape new business sales £3,030 million . Us operating profit 694 million stg . Asia pre-tax operating profit 682 million stg .Uk pre-tax operating profit 473 million stg.  Full Article

Prudential says Brexit could hurt co's UK domiciled operations
Wednesday, 10 Aug 2016 04:30am EDT 

Prudential Plc : The group has several UK domiciled operations, including prudential UK and M&G, and these may be impacted by a UK withdrawal from the EU . Increased volatility may create potential for a general downturn in economic activity and for further or prolonged interest rate reductions in some jurisdictions due to monetary easing and investor sentiment . Demand for insurance products may also be adversely affected . If sustained, this environment is likely to have a negative impact on insurance sector over time and may consequently have a negative impact on Prudential's business and its balance sheet and profitability . Ongoing uncertainty of when UK will leave EU and possibility of a lengthy period before negotiations are concluded may increase volatility in markets where group operates . Insurers may experience an elevated incidence of claims, lapses, or surrenders of policies, and some policyholders may choose to defer or stop paying insurance premiums .There may be a higher incidence of counterparty failures.  Full Article

India's ICICI Prudential Life Insurance files for IPO
Monday, 18 Jul 2016 01:16am EDT 

ICICI Prudential Life Insurance Co Ltd : India's ICICI Prudential Life Insurance files for initial public offering . IPO includes public offer of up to about 181.3 million equity shares . Equity shares proposed to be listed on BSE and NSE . Bofa Merrill Lynch, ICICI Securities, CLSA India, Deutsche Equities India, Edelweiss Financial global co-ordinators, book running lead managers . Further company coverage [ICIR.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

Prudential says Anne Richards will be appointed exec director on June 7
Wednesday, 25 May 2016 05:30am EDT 

Prudential Plc :Confirms that effective date of richards' appointment as an executive director of prudential will be 7 june 2016.  Full Article

Prudential PLC approves 2015 interim dividend
Tuesday, 11 Aug 2015 04:44am EDT 

Prudential PLC:Says a 2015 interim dividend of 12.31 pence per share will be paid on Sept. 24 in sterling to shareholders on the principal register and the Irish branch register at 6.00pm BST on Aug. 21.  Full Article

PrudentiaL PLC appoints Group Chief Executive
Saturday, 2 May 2015 03:13am EDT 

Prudential PLC:Appoints Mike Wells to succeed Tidjane Thiam as Group Chief Executive on June 1.  Full Article

Prudential PLC announces appointment of CEO
Friday, 1 May 2015 06:35am EDT 

Prudential PLC:Appoints Mike Wells to succeed Tidjane Thiam as Group Chief Executive on June 1.  Full Article

Prudential plc announces final dividend
Tuesday, 10 Mar 2015 04:35am EDT 

Prudential plc:Says the 2014 final dividend of 25.74 pence per ordinary share will be paid on May 21 in sterling to shareholders on the principal register and the Irish branch register on March 27.  Full Article

Fitch: Global Credit Growth Slows in 2016; Macro-Prudential Risks Decreasing

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Macro-Prudential Risk Monitor - January 2017 https://www.fitchratings.com/site/re/892224 NEW YORK, January 11 (Fitch) Real credit growth in 2016 slowed to the lowest level since the global financial crisis (GFC) in 2009, says Fitch Ratings in its latest Macro-Prudential Risk Monitor. Consequently, macro-prudential risk indicators (MPI scores) continue to trend lower. Fitch estimates that global median r