Edition:
United Kingdom

Prudential PLC (PRU.L)

PRU.L on London Stock Exchange

1,983.50GBp
19 Jan 2018
Change (% chg)

4.00 (+0.20%)
Prev Close
1,979.50
Open
1,975.00
Day's High
1,992.50
Day's Low
1,971.50
Volume
2,029,519
Avg. Vol
4,949,849
52-wk High
1,992.50
52-wk Low
1,524.00

Latest Key Developments (Source: Significant Developments)

Capita Says Prudential's Life, Pensions Business Administration To be Transferred From Capita
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Capita Plc ::PRUDENTIAL SAID ADMINISTRATION OF ITS LIFE AND PENSIONS BUSINESS TO BE TRANSFERRED FROM CAPITA TO NEW SUPPLIER ON JULY 31.PRUDENTIAL'S LIFE AND PENSIONS OPERATIONS EXPECTED TO CONTRIBUTE REVENUE OF ABOUT 80 MILLION STG TO CAPITA IN FY 2017.‍CAPITA WILL CONTINUE TO ADMINISTER PRUDENTIAL'S INTERNATIONAL OPERATIONS​.  Full Article

Capita's Life, Pensions Business Administration To be Transferred From Capita
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Capita Plc ::‍ANNOUNCED THAT ADMINISTRATION OF ITS LIFE AND PENSIONS BUSINESS WILL BE TRANSFERRING FROM CAPITA TO A NEW SUPPLIER ON 31ST JULY 2018​.‍CAPITA WILL CONTINUE TO ADMINISTER PRUDENTIAL'S INTERNATIONAL OPERATIONS​.LIFE AND PENSIONS OPERATIONS ARE EXPECTED TO CONTRIBUTE REVENUE OF AROUND £80M TO CAPITA IN FULL YEAR TO DECEMBER 2017..  Full Article

Siam Commercial Bank and Prudential Thailand Sign Unit-Linked Bancassurance Partnership
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Prudential Plc ::SIAM COMMERCIAL BANK- HAS SGREED WITH PRUDENTIAL LIFE ASSURANCE AGREED TO ESTABLISH A BANCASSURANCE PARTNERSHIP.SIAM COMMERCIAL BANK- PARTNERSHIP TO JOINTLY DEVELOP AND PROVIDE INSURANCE SOLUTIONS FOR SCB'S WEALTH SEGMENT CUSTOMERS.SIAM COMMERCIAL BANK- SCB AND PRUDENTIAL THAILAND WILL INITIALLY OFFER THREE-UNIT LINKED PRODUCTS WITH BOTH REGULAR AND SINGLE PREMIUM OPTIONS.  Full Article

Prudential CEO says no decision on UK annuity book yet; eyes U.S. M&A
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Prudential :CEO Mike Wells says Asia 'in some ways ours to lose'; need to get better in health and protection..Says still looking at bolt-on U.S. deals, yet to see one at the right price..Says still looking at external options for UK annuity business, no decision yet..Says excess capital from sale of UK annuity book would be returned to shareholders..CFO Mark Fitzpatrick says Asia growth broad-based, high quality; UK asset management wholesale inflows at record 9-month level..Says confident can grow dividend by 5 percent a year, "even under stress"..  Full Article

Prudential says 9-mth ‍life insurance new business profit up 17 pct
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Prudential Plc :‍NEW BUSINESS PROFIT INCREASED 15 PERCENT TO £1,616 MILLION IN FIRST NINE MONTHS​ IN ASIA .9-MONTH ‍LIFE INSURANCE NEW BUSINESS PROFIT INCREASED BY 17 PER CENT TO £2,469 MILLION​.  Full Article

M&G lends $683 mln to Lodha to develop prime London property
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Prudential Plc :m&g investments says provides 517 million pounds ($682.49 million) stg loan to lodha uk to develop 1, grosvenor square, london.  Full Article

Prudential names Mark Fitzpatrick as group CFO
Thursday, 18 May 2017 

May 18 (Reuters) - Prudential Plc ::Prudential appoints Mark Fitzpatrick as group cfo.Prudential appoints Nic Nicandrou as chief executive of Prudential Corporation Asia.Tony Wilkey is to step down as chief executive of PCA and from board of Prudential Plc.  Full Article

Prudential reports hgiher Q1 new business profit
Thursday, 18 May 2017 

May 18 (Reuters) - Prudential Plc ::Q1 group new business profit of 856 million stg, up 25 percent (up 42 percent).Broad-Based growth in Asia, with Q1 new business profit up 26 per cent 2,3 (up 45 percent) to 561 million stg.Q1 US separate account assets up 5 percent to $157 billion; UK PRUfund assets up 11 percent to 27.5 billion stg.Q1 group shareholders' solvency II surplus estimated at 12.4 billion stg; equivalent to a cover ratio of 198 percent.Q1 asset management external net inflows of 5.7 billion stg from M&G and Eastspring.Completed sale of its Life Insurance Subsidiary in Korea, PCA Life Insurance Co Ltd, to Mirae Asset Life Insurance Co Ltd for consideration of KRW170 billion (equivalent to 117 million stg).  Full Article

Prudential H1 operating profit rises 6 pct
Wednesday, 10 Aug 2016 

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 

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

Britain's FTSE edges down, Interserve in post-Carillion scare

LONDON, Jan 17 UK shares edged down on Wednesday with a flurry of corporate news triggering sharp moves, such as for Interserve after the Financial Times reported the UK government was monitoring the contractor in light of the collapse of competitor Carillion.