Prudential PLC (PRU.L)
24 Jun 2019
Thu, Jun 13 2019
** Prudential Plc's valuation capped at 10% upside on either sum-of-parts or cash flow basis, JP Morgan writes in a note
LONDON Britain's biggest insurer, Prudential, has transferred 36 billion pounds ($47.33 billion) in customer assets to its new Luxembourg subsidiary ahead of Brexit, it said on Wednesday, as the company reported a six percent rise in operating profit.
* Dividend up 5 pct to 49.35 pence, below forecast (Recasts with comments from media call, adds analyst, updates shares)
LONDON, Jan 31 Embattled British lender Metro Bank said the Prudential Regulation Authority had identified "potential inconsistencies" in the risk weighting of some of its loans, prompting an internal review that later led to a massive fall in its capital.
A federal judge has dismissed a racketeering lawsuit accusing Morningstar and Prudential of steering investors into retirement funds that paid high fees to Prudential, ruling that the alleged conduct did not constitute racketeering.