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FTSE 100 closes down on Budget day as World Health Organization declares coronavirus a pandemic
Footsie closed down over 83 points on Wednesday to finish at 5,876
Company
Prudential PLC
LON:PRU
Prudential PLC is a provider of life insurance, investment and savings products. In October 2019 it spun off its UK-focused arm M&G PLC, leaving Prudential as an Asia-led group. Prudential PLC has 20 million customers and is listed on stock exchanges in London, Hong Kong, Singapore and New York. Prudential PLC is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.
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UK budget and corporate results to be delivered in shadow of coronavirus
The first outing for Chancellor of the Exchequer Rishi Sunak will be joined by results from life insurers Prudential and Standard Life Aberdeen
Deutsche Bank upgrades Prudential to ‘buy’ from ‘hold’ following activist investor break-up call
“Though not a new concept, this is the first time that pressure is coming from an aggressive activist investor,” the German bank's analysts said
Prudential becomes latest target of investor activism
The insurance giant is currently under pressure from its second-largest shareholder, hedge fund Third Point, to break up its US and Asian businesses
Prudential prepared to discuss break-up proposal from US hedge fund
Third Point has US$14bn under management and is led by corporate activist Dan Loeb
Prudential completes acquisition of Thai mutual fund manager
Prudential's Asian asset management business Eastspring is now Thailand's fourth-largest asset manager
The pros and cons of demergers
Much like its counterpart, merging, a demerger can present its own set of advantages and disadvantages, the latter of which could leave investors out of pocket
Prudential shares revalued downwards following split from UK business M&G
The split, originally announced in March 2018, will leave Prudential to focus on its Asian and US markets, while M&G takes up the UK and European segments
Insurance giant Prudential to complete £7bn demerger in fourth quarter
Prudential is separating its UK business, which will be called M&G PLC, from its US and Asian operations
Prudential, Balfour Beatty and UK inflation data to dominate Wednesday’s news agenda
Wednesday looks like being the busiest day of an otherwise quiet week
FTSE 100 closes in the red as Hong Kong tensions reverberate around markets
Tensions in Hong Kong have become increasingly violent since June this year
Prudential investors await demerger update expected in interim results
It looks set to a quiet week of corporate news while UK inflation and employment data will be in the spotlight on the macro-economics front
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FTSE 100 closes sharply lower as US jobs fail to inspire; RBS top laggard
"The [jobs] report will more than likely be brushed aside as Fed Chair Powell and US President Trump continue to clash horns in a power struggle," said Nick Kilbey, a sales trader at Foenix Partners
Investments and investor services
FTSE 100 closes firmly higher as Wall Street shares head north; sterling slides
The UK benchmark index closed over 56 points higher, at 7,353, aided by the fall in the pound
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Burberry and Thomas Cook in the spotlight; ex-divs to take 26 points off the FTSE 100
Numbers from Countryside Properties, National Grid, and Wincanton will also be among Thursday's highlights.
Debenhams to close 22 stores next year as part of CVA plan
Several London-listed REITs have Debenhams stores on their books
Prudential split in two makes four for Deutsche
Prudential’s planned spin-off of its UK business could eventually lead to a further demerger of its US arm, reckons Deutsche Bank
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Blue chips to swerve Thursday’s Brexit fall-out, small caps will be in spotlight
IGas and Gulf Keystone are on the agenda, meanwhile Brexit will likely be a talking point for Eddie Stobart Logistics.
Prudential profits rise more than expected as it makes 'continued progress' with M&G demerger
“I am confident that, given the extent of our opportunities and our proven ability to execute and innovate, we are well positioned to continue to grow profitably," said Prudential boss Mike Wells.
FTSE 100 closes marginally higher ahead of next Parliamentary vote on Brexit
The January US Durable Goods Orders and Shipments Report showed that business equipment investment got off to a sluggish start this year, Berenberg Capital Markets noted