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Spring Statement to dominate on Wednesday amid fallout from Brexit deal vote
While major fiscal measures are not expected, the result of Tuesday's vote on Theresa May's Brexit deal could put the chancellor on the spot
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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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Deutsche Bank trims price target for Prudential but still thinks the insurer is a “quality business - cheaply rated”
The German bank's analysts reduced their target price for the blue-chip firm to 2,100p, down from 2,225p previously, an 8% cut to reflect a lower US valuation
Prudential says M&G demerger on track as it reports growth in new business profits
Prudential boss Mike Wells said "the profitable growth prospects of our Asia businesses remain substantial"
FTSE 100 closes lower ahead of Prime Minister's Brexit statement
The UK blue-chip index closed down 19.97 at 7,033, while FTSE 250 shed over 75 points at 18,910
Prudential recruits JP Morgan's Michael Fallon to succeed Barry Stowe as boss of its North American unit
Falcon's annual salary will be US$800,000. He will have a maximum bonus opportunity of 100% of salary and will receive 10% of the Jackson bonus pool with 40% of any bonus deferred. Long-term incentive awards will be 400% of salary. Despite
Unilever becomes Unistayer but other blue-chip companies may quit the UK
As the Clash sang: should I stay or should I go? Any number of mining companies, big pharma, Diageo, Ferguson, Aggreko and Ashtead could all make the jump but three companies in the financial sector look the most likely to up sticks.
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Proactive news snapshot: Greatland Gold, European Metals, Chesnara, BigDish...
A glance at some of the day's highlights from the Proactive Investors newswire
Just Eat chairman Mike Evans leaves Chesnara as director to oversee Prudential split
Jane Dale will succeed Mike Evans as senior independent director at Chesnara
FTSE 100 closes in red; Royal Mail delivers share plunge
The UK blue-chip index closed down around 14 points at 7,495 as the stronger pound weighed
Finance houses no longer appear to love asset managers; why should you?
Suddenly, it's all the rage for insurance companies to offload their asset management businesses. Does this signify the top of the market?
Investments and investor services
FTSE 100 closes in red as trade worries and Brexit fears put investors off
The UK index of leading shares finished Thursday down around 11 points, or 0.15%, at 7,563.
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CRH to provide progress report on margin improvement initiatives
There are not many heavyweights expected to release results on Thursday but plenty will be going ex-dividend
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World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
Prudential lifts interim dividend as cash generation and profits rise
The group said it is making "good progress" on plans to split itself up with the demerger of M&G
Investments and investor services
FTSE 100 consolidates gains as sterling's woes continue
Sterling's fall was good news for the Footsie's many big dollar earners
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Finance in focus again on Wednesday as insurance and gambling sector heavyweights to report
Away from the banks, the financial sector will still be at the forefront of the market's mind as Prudential and Paddy Power Betfair prepare to release interim results
Investments and investor services
FTSE 100 closes higher, supported by gains in oil giants as crude prices rise
At the close, the UK blue chip index was 4.68 points higher at 7,663.78, just below the session peak of 7,681.86, having recovered from a low of 7,636.60
Equiniti shares jump as it expects full-year earnings to reach top end of market forecasts
Equiniti said revenues were boosted by contract renewals and new client wins
FCA to take no action against Lloyds Banking Group's Scottish Widows unit after long-running probe
The regulator had been investigating Scottish Widows and five other insurers since March 2016 after conducting a review of their treatment of longstanding customers
Prudential shares under pressure after Citigroup downgrade
Citigroup said it is "mindful" of new risks facing the insurance sector