Stellar Diamonds shares leap as court approves its acquisition by NWF
A look at some of the biggest risers and fallers in London on Wednesday
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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FTSE 100 closes higher as Dow Jones climbs after host of data
Britain's blue chip index closed up around seven points, or 0.10%, at 7,139..
Prudential split makes strategic sense as seismic shifts in financial sector roll on
Richard Hunter, head of markets at interactive investor, commented: “News of a demerger driven by geography is one which makes commercial and strategic sense"
Prudential to spin-off M&G Prudential and sell £12bn of UK annuity portfolio
The company hiked its dividend by 8% as it reported an increase in full year operating profit, led by double-digit growth in Asia
Investments and investor services
FTSE 100 closes in red as Wall Street suffers, but miners show support
FTSE 100 closed down around six points at 7,132 but big cap miners were up
Morrisons is not the basket case it once was
Previews of results statements from supermarket chain, Morrisons; insurer behemoth, the Pru, and infrastructure contractor, Balfour Beatty
Capita collapse could create bigger headache than Carillion's demise
Capita won more than 10 times the number of UK public sector contracts awarded to Carillion over the past two years, according to data firm Tussell
Capita shares rally as M&S extends digital customer contact partnership by further five years
In a statement, Capita said the contract renewal and expansion commences April 2018 and is worth approximately £70mln over the contract term
Capita shares drop as Prudential terminates contract for UK life and pensions administration
The FTSE 250-listed outsourcing group said Prudential has decided to terminate the contract as part of a wider customer and technology transformation programme
Deutsche Bank upbeat on European insurance sector, raising price targets for a swathe of UK names
The bank's analysts said insurers "look reasonably positioned – cushioned against market weakness by strong balance sheets and on PEs that are well within the long-term trading range”
FTSE 100 closes higher as US tax reform hopes cheer global traders
The UK blue chip index closed up 46.44 points at 7,537
Aviva and Prudential are top picks for 2018, says Barclays Capital
A ‘goldilocks’ economy should allow stable delivery of dividends, says the bank's number crunchers
Analyst lauds 'terrific' Prudential's nine-month numbers
“The strength of the group's business model across the globe is unparalleled, to us, with a powerful balance sheet to match,” said Shore Capital's Eamonn Flanagan
Insurers L&G and the Pru feel the love from Citigroup
L&G was upgraded to 'buy'; the Pru was already rated a 'buy' and has had its target price lifted
Uber calls on former BoE advisor to become UK chair as it fights to keep London licence
Last month Transport for London decided Uber was not "fit and proper to hold a private hire operator licence"
FTSE 100 holds on to gains despite late swoon
The FTSE 100 was its gains eroded as the Jackson Hole chinwag got under way
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