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Prudential PLC (PRU.L)

PRU.L on London Stock Exchange

1,966.00GBp
16 Jan 2018
Change (% chg)

2.00 (+0.10%)
Prev Close
1,964.00
Open
1,968.00
Day's High
1,981.50
Day's Low
1,964.50
Volume
1,423,049
Avg. Vol
4,950,459
52-wk High
1,984.00
52-wk Low
1,524.00

Latest Key Developments (Source: Significant Developments)

Prudential names John Foley as CEO of combined UK business
Thursday, 10 Aug 2017 04:31am EDT 

Aug 10 (Reuters) - Prudential Plc ::TO COMBINE ITS ASSET MANAGER, M&G, AND PRUDENTIAL UK & EUROPE (PRUDENTIAL UK&E) TO FORM M&G PRUDENTIAL.JOHN FOLEY, CURRENTLY CHIEF EXECUTIVE OF PRUDENTIAL UK&E, WILL BECOME CHIEF EXECUTIVE OF M&G PRUDENTIAL AND REMAINS A MEMBER OF PRUDENTIAL PLC BOARD.ANNE RICHARDS WILL REMAIN CHIEF EXECUTIVE OF M&G AND A MEMBER OF PRUDENTIAL PLC BOARD.ANNE RICHARDS AND CLARE BOUSFIELD, CEO INSURANCE FOR PRUDENTIAL UK&E, WILL BECOME DEPUTY CHIEF EXECUTIVES OF M&G PRUDENTIAL.SHAREHOLDERS ARE EXPECTED TO CONTRIBUTE £250 MILLION TOWARDS M&G PRUDENTIAL'S INVESTMENT, TO BENEFIT FROM COST SAVINGS OF £145 MILLION PER ANNUM BY 2022.  Full Article

Prudential combines M&G and UK & Europe divisions, H1 profit up 5 pct
Thursday, 10 Aug 2017 04:30am EDT 

Aug 10 (Reuters) - Prudential Plc :Prudential plc - hy17 results - business review.Group ifrs operating profit 1 of £2,358 million, up 5 per cent.Asia new business profit 5 of £1,092 million, up 18 per cent.Ifrs operating profit 1 of £953 million, up 16 per cent.Asia ifrs operating profit 1 of £953 million, up 16 per cent.Us life insurance ifrs operating profit 1 of £1,079 million, up 7 per cent.Uk life retail ape sales of £721 million, up 22 per cent.Prufund sales up 29 per cent to £564 million.m&g first half external asset management net inflows of £7.2 billion.m&g and prudential uk & europe to be combined to create a leading savings and investments provider.2017 first interim dividend of 14.50 pence per share, up 12 per cent.Combining m&g and prudential uk & europe will allow us to better leverage our considerable scale and capabilities.  Full Article

Britain's 'bad bank'UKAR reports 33 pct fall in FY underlying pretax profit
Tuesday, 4 Jul 2017 02:16am EDT 

July 4 (Reuters) - UK Asset Resolution Limited:Balance sheet reduced by a further 9 bln stg bringing the total reduction to 81.5 bln stg (70 pct) since formation of UKAR in 2010.Reflecting the 31 pct reduction in the year’s average balance sheet size, FY underlying profit before tax reduced by 33 pct to 706 mln stg.Overall, lending balances reduced by 45 pct in the year to 19.5 bln stg.Net government loan repayments of 3.3 bln stg, bringing total repayments to 23.7 bln stg since UKAR was formed.Mortgage accounts three or more months in arrears, including possessions, have reduced by 28 pct bringing the total reduction to 88 pct since formation.Due to the low margin on loans sold to prudential plc, the sale resulted in an accounting loss of 384.7 mln stg.  Full Article

M&G says managing part of UK government's new digital infastructure fund
Friday, 30 Jun 2017 09:59am EDT 

June 30 (Reuters) - * Prudential unit m&g investments says uk government has appointed it to manage a portion of government 400 million stg digital infrastructure investment fund:.  Full Article

Moody's says UK insurers' asset management firms set to capitalize on pensions expertise
Wednesday, 22 Mar 2017 02:21am EDT 

Moody's: UK insurers' asset management firms set to capitalize on pensions expertise . Higher dependence on asset management revenues will increase UK insurers' exposure to tough conditions in the asset management industry, . Believes insurers and fund managers in UK are increasingly competing for same pool of assets and leading to cost convergence in some cases Source http://bit.ly/2nI0dft ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Prudential CEO-no need for M&G, Eastspring to acquire asset managers
Tuesday, 14 Mar 2017 06:00am EDT 

Prudential : Chief executive mike wells says doesn't see need for m&g, eastspring to acquire other asset managers . Chief financial officer nic nicandrou says uk 33 billion pound annuities back book is significant contributor to uk profits . Chief financial officer nic nicandrou says profitability of uk life business should increase steadily . Chief executive mike wells says very pleased with early signs and direction on u.s. Dol rule Further company coverage: [PRU.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Prudential says Ann Godbehere to retire from board at AGM
Thursday, 23 Feb 2017 06:12am EST 

Prudential Plc : Ann Godbehere will retire from board at conclusion of annual general meeting on 18 May 2017. . Ann Godbehere has been a non-executive director since august 2007, chairman of audit committee since October 2009 .David Law, a non-executive director since September 2015, will succeed Godbehere as chairman of audit committee.  Full Article

Farmland Partners, Prudential announce termination of management agreement
Tuesday, 21 Feb 2017 09:13am EST 

Farmland Partners Inc : Farmland Partners Inc and prudential announce termination of management agreement .Farmland Partners - FPI and prudential will work through march 31, 2017 to transition all management activities at which time agreements will terminate.  Full Article

Prudential bidding 3 bln pounds of 12.5 bln pounds of Bradford & Bingley mortgages sold by UK government- FT
Tuesday, 14 Feb 2017 10:29pm EST 

: Prudential bidding for about 3 billion STG of 12.5 billion STG of Bradford & Bingley mortgages being sold by UK government - FT .Groups due to submit offers for Bradford & Bingley mortgages include PIMCO, Och-Ziff, Carval and Elliott, Blackstone, Cerberus and Paragon Bank -FT.  Full Article

Hiscox appoints Louise Dennett as group finance director
Monday, 13 Feb 2017 07:03am EST 

Hiscox Ltd : Announced appointment of Louise Dennett to newly-created role of director of finance change for group . Dennett joins Hiscox from Prudential Plc, where she has held a number of senior roles over past 26 years .At Hiscox, Dennett will report to Hiscox Group Chief Financial Officer Aki Hussain and will be based in group's London office.  Full Article

UPDATE 1-Thai SCB, Prudential reach bancassurance deal

BANGKOK, Jan 10 Siam Commercial Bank Pcl , Thailand's second largest bank by assets, and Prudential Life Assurance (Thailand), a unit of UK-based Prudential Plc, have signed a bancassurance partnership deal aimed at the lender's wealthy clients.