Edition:
United Kingdom

Prudential PLC (PRU.L)

PRU.L on London Stock Exchange

1,934.00GBp
18 May 2018
Change (% chg)

13.00 (+0.68%)
Prev Close
1,921.00
Open
1,922.50
Day's High
1,938.00
Day's Low
1,918.00
Volume
4,540,703
Avg. Vol
4,410,526
52-wk High
1,992.50
52-wk Low
1,650.00

Latest Key Developments (Source: Significant Developments)

Prudential CEO - Spin-Off of UK Division has nothing to do with Brexit
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Prudential ::HAVE AROUND 20 BILLION STG CLOSED ANNUITY BOOK REMAINING, NO PLANS TO SELL.CEO - THERE ARE NO EXECUTIVE FINANCIAL INCENTIVES IN THE DEMERGER.CEO MIKE WELLS - SPIN-OFF OF UK DIVISION HAS NOTHING TO DO WITH BREXIT.  Full Article

Prudential Says Agreed To Sell Its Consumer Finance Business In Vietnam for $151 Mln
Tuesday, 23 Jan 2018 

Jan 22 (Reuters) - Prudential Plc ::PRUDENTIAL PLC - REACHED AGREEMENT TO SELL 100% OF ITS CONSUMER FINANCE BUSINESS IN VIETNAM, PRUDENTIAL VIETNAM FINANCE CO LTD, FOR $151 MILLION.PRUDENTIAL PLC - AGREEMENT IS WITH SHINHAN CARD CO., LTD., A SUBSIDIARY OF THE SHINHAN FINANCIAL GROUP, A LEADING KOREAN FINANCIAL INSTITUTION‍​.PRUDENTIAL PLC - PRUDENTIAL AND SHINHAN HAVE ALSO AGREED A NEW LONG-TERM BANCASSURANCE PARTNERSHIP IN VIETNAM AND INDONESIA.  Full Article

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

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Barclays to sell on £4 billion Irish loan book as mortgage securitisation returns

LONDON Barclays will package up and sell on the 4 billion pounds worth of Irish home loans that it bought from UK rival Lloyds on Friday, in a sign of the resurgent appetite for securitised mortgages that played a big role in the 2007-8 financial crisis.