|Bid||1,863.00 x 664800|
|Ask||1,863.50 x 208800|
|Day's range||1,862.00 - 1,874.50|
|52-week range||1,290.00 - 1,889.50|
|PE ratio (TTM)||17.45|
|Earnings date||8 Mar 2016 - 14 Mar 2016|
|Forward Dividend & Yield||0.58 (2.54%)|
|1y target est||2,021.06|
M&G Infracapital, part of savings company Prudential, is closing in on more that £1 billion to invest in preconstruction infrastructure projects and eyeing a further £1.5 billion for operational infrastructure...
Jackson National Life Insurance Company® today released the following statement in support of National Retirement Security Week on behalf of Barry Stowe, chairman and chief executive officer of the North American Business Unit of Prudential plc, Jackson’s parent company.
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 FTSE signed off September with a monthly loss on Friday, underperforming continental peers in a month that saw sterling shoot to its highest level since the Brexit vote. The FTSE 100 (.FTSE) index ended Friday's session 0.7 percent higher at 7,372.76 points, however, as GDP data showing that UK growth slowed to a four-year low in the second quarter put pressure on sterling on the day. While the disappointing GDP data stoked doubts as to whether the Bank of England would raise rates at its next meeting in November, recent hawkish rhetoric from the central bank has supported the pound.
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 ...
Britain's markets watchdog has asked an academic who accused the funds industry of being in "collective denial" over fees to come up with a common format for asset managers to publish their charges. The Financial Conduct Authority (FCA) is scrutinising the 6 trillion pound sector to see how it can offer better value for money. "We want to see more consistent and standardised disclosure of costs and charges to institutional investors," the FCA said on its website on Wednesday.
British-based investment firms' long-standing ability to manage billions of euros of assets elsewhere in Europe could be threatened by Brexit, new EU guidance suggests. Asset managers in London oversee funds worth 1.2 trillion euros ($1.4 trillion) in the EU - more than their peers in France, Germany and Italy combined, according to figures from UK industry body the Investment Association. Previously, many mangers had said they expected the impact of Brexit on their operations would be minimal compared with the reorganisations faced by many international banks and insurers.
Asset managers did not plan properly or have clear procedures for valuing their property funds under stressed market conditions such as those in the aftermath of Britain's June 2016 vote to leave the European Union, the UK's markets watchdog said on Thursday. Several property funds were suspended after the vote as a wave of investors tried to pull their money out amid speculation that Brexit would hit commercial property prices. The Financial Conduct Authority (FCA) examined the sector's responses and published its findings on Thursday, saying property funds should take external events into account as part of their planning for possible market squeezes.
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.
A leading adviser on Wednesday lent its weight to calls from dissident shareholders to remove Peter Hambro from the board of London-listed Petropavlovsk , the Russian-focused gold miner he founded in 1994. Dissident shareholders together holding an almost 40 percent stake have backed nominees to replace four out of six directors at Petropavlovsk (LSE: POG.L - news) , including Hambro. In an initial report, shareholder advisor ISS advised against supporting any of the dissident proposals, but on Wednesday it issued revised recommendations, saying it had received additional information.
Shareholders DE Shaw, M&G (Shanghai: 603899.SS - news) and Sothic said in a statement on Wednesday London-listed gold miner Petropavlovsk (LSE: POG.L - news) 's board needs an overhaul, but they have no intention of taking control of the company. Shareholders, including M&G and Sothic, have put forward resolutions ahead of the company's annual general meeting next week aimed at replacing Chairman Peter Hambro, who set up the Russian-focused miner in 1994. Three shareholder advisors - PIRC, Glass Lewis and ISS (LSE: 0QRS.L - news) have all said they recommend opposing the changes.
France is in talks with 30-50 asset managers who are considering setting up new outposts in Paris so that they can retain access to the European Union once Britain leaves, the ambassador for the French asset management lobbying group told Reuters. Britain's vote last June to leave the EU has sparked fierce competition among financial centres elsewhere in the bloc, including Paris, Frankfurt, Dublin and Luxembourg, to attract banks and other financial companies. Currently, EU rules allow a fund manager in London to sell and manage funds across the bloc, but it is unclear whether that will continue to the same extent after Brexit as the shape of future UK-EU trading relations has yet to be hammered out.