Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,217.81
    +3,083.04 (+6.54%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

Prudential plans IPO of U.S. business as 2019 profits rise 20%

Reuters - UK Focus
·1-min read

LONDON, March 11 (Reuters) - Britain's largest insurer Prudential said on Wednesday it was planning an initial public offering of part of its U.S. business as it reported a 20% rise in adjusted operating profit to $5.3 billion.

Prudential is facing pressure from hedge fund Third Point to spin off the whole of the U.S. business Jackson.

The profit numbers came in ahead of a forecast $5.1 billion, according to a company-supplied consensus forecast.

Prudential said it would pay a second interim ordinary dividend of 25.97 cents per share and was monitoring the coronavirus outbreak.

Prudential's main businesses are in Asia and the United States after it spun off its British unit last year.

(Reporting by Carolyn Cohn, editing by Sinead Cruise)