Prudential sells US independent broker-dealer for US$325mln to LPL Financial LLC
Prudential has shed assets from its US business to focus on retirement products
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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Legal & General plans to bid for Prudential's UK annuity business
Legal & General is understood to have put money aside for a bid when Prudential’s annuity business is officially put up for sale
FTSE 100 stays weak, but off lows as US stocks rally
At 3.15pm, the UK benchmark index was down 64 points at 7,325, above the session low of 7,296.49 but still set for its worst week in nine months having dropped nearly 250 points in the last three sessions of the week
Prudential merges UK operations as Asia continues to drive profit growth in first half
Prudential expects the decision to combine its UK businesses to deliver cost savings of about £145mln per year by 2022
FTSE 100 plunges on North Korea fears
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
Archive
Prudential's chief Mike Wells to face questions on rumoured break-up at first half results
Prudential, Glencore and DFS Furniture are among the companies reporting results on Thursday
Prudential faces speculation of a break-up as it pulls out of UK annuity market
Investors have said Prudential has been more open to the idea of a break-up
FTSE 100 closes up but misses record high
The FTSE 100 index closed 10.79 higher at 7,542. The session peak was 7,549, and the day’s low was 7,518
FTSE 100 ends lower but European shares fare worse
London stocks were on the front foot this morning, but they quickly retreated this afternoon...
HSBC's co-head of investment bank in line for possible promotion as next chief executive
A former Goldman Sachs financier. employed to revamp HSBC's investment bank could be set to take over as boss of the UK bank
M&G stars as Prudential profits power ahead
Group new business profit rose by a quarter to £856mln, up 25%
FTSE 100 closes lower as Trump fears grow; Dow Jones crashes
The UK blue chip index closed down 18.56 points at 7,503
Insurer Prudential gets a lift from price target hike by Jefferies international
In a note to clients, the US broker raised its target for Pru to 1,771p, from 1,640.5p, while keeping a ‘hold’ rating on the stock
Insurer Prudential gets a lift from Berenberg target hike, re-rating potential
Berenberg raised its target price for the FTSE 100-listed firm to 2,200p from 1,783p, and reiterated a ‘buy’ rating on the stock
Government to recoup £11.8bn of taxpayers' money from sale of Bradford & Bingley loans
Prudential and Blackstone have teamed up to purchase the buy-to-let mortgages of failed lender Bradford & Bingley
Pru upgraded to neutral by JP Morgan Cazenove as fears over US and UK operations recede
"We are optimistic about the Asian growth prospects as Prudential’s franchise is one of the strongest in the region," Caz said
Investments and investor services
FTSE 100 hits record high close, again
FTSE 100 stocks closed at a record high on Friday for a second successive session, after making a fresh intraday peak, and a good way for equity investors to end the week
FTSE 100 ends higher before Fed rate decision
FTSE 100 shares ended higher on Wednesday, thanks to buoyancy in the pharma and mining sectors while a US rate card was considered in the bag, priced and sold on the market
What Brexit means for UK insurers and are they equipped to weather the storm
Prudential's healthy capital buffer means the UK insurer is well placed to handle the uncertainties surrounding Brexit
Prudential's dividend yield lags behind UK insurance peers but outlook positive
Aviva and Standard Life is leading the way with dividend payments in the UK insurance sector