Advertisement
UK markets close in 2 hours 4 minutes
  • FTSE 100

    8,054.97
    +14.59 (+0.18%)
     
  • FTSE 250

    19,631.92
    -87.45 (-0.44%)
     
  • AIM

    753.70
    -0.99 (-0.13%)
     
  • GBP/EUR

    1.1664
    +0.0019 (+0.16%)
     
  • GBP/USD

    1.2469
    +0.0006 (+0.05%)
     
  • Bitcoin GBP

    50,597.09
    -2,374.05 (-4.48%)
     
  • CMC Crypto 200

    1,345.37
    -37.20 (-2.69%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    82.30
    -0.51 (-0.62%)
     
  • GOLD FUTURES

    2,326.30
    -12.10 (-0.52%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,882.99
    -205.71 (-1.14%)
     
  • CAC 40

    7,977.25
    -114.61 (-1.42%)
     

Prudential considers other options besides minority IPO for U.S. business

March 24 (Reuters) - Prudential said on Tuesday it was actively evaluating other options in relation to its U.S. business Jackson along with preparations for a minority public offering, due to continued market turmoil on the coronavirus outbreak.

"Our business continues to be financially resilient," Prudential said in a statement as businesses and organisations globally suffer disruptions as governments move to stymie the spread of coronavirus.

Prudential, Britain's largest insurer, had announced plans earlier this month to float a minority stake in Jackson amid demands from rebel investor Third Point for a full break-up. (Reporting by Muvija M in Bengaluru; editing by Carolyn Cohn)