|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||23.84 - 23.84|
|52-week range||16.50 - 24.00|
|PE ratio (TTM)||16.96|
|Forward dividend & yield||N/A (N/A)|
|1y target est||14.00|
Bitcoin may have surged a staggering 700 percent since the start of the year but most investors at a Reuters Summit this week said they had not been tempted to play the volatile cryptocurrency. The difficulty of assigning a fair value to a speculative instrument that is less than a decade old and lacks the fundamentals that drive other asset classes was the main reason for steering clear of bitcoin, investors speaking at the Reuters Global Investment 2018 Outlook Summit said. Others said the cryptocurrency's use for criminal purposes such as money laundering was another reason to stay away, as was the widespread perception that the bitcoin rally was another bubble destined to burst.
Prudential expects its Asian business to double in size every five to seven years, the British life insurer said after reporting the region drove a 17 percent rise in new business profit during the first nine months of 2017. Britain's largest insurer, which traditionally saw its revenue fairly equally split between Asia, the United States and Britain, has pushed ahead with Asian growth in recent years. Asia was "in some ways, ours to lose", Chief Executive Mike Wells told investors on Thursday after Prudential said that new business profit in the region rose 15 percent to 1.61 billion pounds, helped by higher sales and rising interest rates.
HONG KONG, Nov 16 (Reuters) - Prudential Asia executives say -- * Asian asset manager Eastspring in process of establishing wholly-owned presence in China * Eastspring recruiting to establish onshore investment ...
Nov 16 (Reuters) - Prudential Plc * NEW BUSINESS PROFIT INCREASED 15 PERCENT TO £1,616 MILLION IN FIRST NINE MONTHS IN ASIA * 9-MONTH LIFE INSURANCE NEW BUSINESS PROFIT INCREASED BY 17 PER CENT TO £2,469 ...
NEWARK, N.J.--(BUSINESSWIRE)-- Prudential Retirement, a unit of Prudential Financial, Inc. ( NYSE:PRU ), and Pension Insurance Corporation (PIC), have entered into their fifth longevity reinsurance transaction ...
HONG KONG/SINGAPORE (Reuters) - Prudential Plc (PRU.L) has kicked off the sale of its Vietnam consumer finance unit, which could fetch up to $150 million (113.06 million pounds), as the UK firm sharpens focus on its core insurance business in the Southeast Asian nation, people familiar with the process said. An adviser has been appointed as part of the sale process of Prudential Vietnam Finance Company Ltd, which is in an early stage, two of the sources said.
Britain's Direct Line Insurance Group said on Friday it had appointed Penny James, head of risk at insurer Prudential, as chief financial officer. James will succeed John Reizenstein as CFO on March 1, ...
Britain's Prudential sold its broker-dealer network in the United States for $325 million to LPL Financial, the insurer said on Wednesday. The purchase price may rise to $448 million subject to some transaction ...
Britain's Prudential (Amsterdam: PD8.AS - news) moved to fend off competition from passive funds on Thursday, merging its M&G (Shanghai: 603899.SS - news) asset management and UK and European insurance businesses to save costs and improve its products. The lure of lower-cost index funds has driven a round of consolidation in the active funds sector, with deals such as the formation earlier this year of Janus Henderson through the merger of a U.S. and a UK fund firm. Prudential said the combined M&G Prudential business manages 332 billion pounds ($430 billion) in assets for over 6 million customers and employs more than 9,000 people.
After an initial jolt as North Korea and the United States swapped military threats this week, world markets have calmed somewhat as next steps are assessed and investors attempt to separate rhetoric from ...
British insurer Prudential said it had bought a majority stake in Nigeria's Zenith Life to give it access to the African country's fast-growing insurance market. It said it had also signed a deal with ...
The various government bail-outs during the financial crisis have had a mixed track record in the near-decade since. Northern Rock's branches were sold to Virgin Money, under whose brand they trade successfully today, while the taxpayer still retains a 72% shareholding in Royal Bank of Scotland (LSE: RBS.L - news) that, at some point in coming months, may be sold down. Created back in October 2010, its assets were B&B's mortgage book (B&B's branches and savings business had been sold to Santander in 2008), along with mortgages and personal loans from the Rock.
Britain's 'bad bank', which is charged with winding down the assets of two bailed-out lenders, said it expects to sell the remainder of its Bradford & Bingley's mortgage portfolio by March next year, as it seeks to recoup taxpayers' money. UK Asset Resolution (UKAR) said in 2016 it would sell Bradford & Bingley's 15.65 billion pound ($20.2 billion) mortgage portfolio in two or three tranches, after the an earlier sale was delayed in the aftermath of the country's vote to leave the European Union. It sold the first tranche in March to insurer Prudential (Amsterdam: PD8.AS - news) and buyout firm Blackstone (NYSE: BX - news) for 11.8 billion pounds.
Wall Street rose, while the U.S. dollar and bond yields fell on Wednesday after Federal Reserve meeting minutes signaled a gradual approach to interest rate hikes, and oil prices dipped on a draw of U.S. ...
British insurer Prudential (Amsterdam: PD8.AS - news) reported a 25 percent rise in first-quarter new-business profits on Thursday, driven by a strong performance in Asia, and announced the appointment of a new chief financial officer in a management reshuffle. The company said in a statement before its annual general meeting that the head of its Asian business, Tony Wilkey, is stepping down in July after more than 10 years with Prudential "to pursue new challenges" and will be replaced by group CFO Nic Nicandrou.
Governance adviser PIRC recommended on Tuesday that Prudential shareholders oppose the insurer's pay policy and report, and the re-election of chairman Paul Manduca at the company's annual general meeting ...