Prudential rides out the storm to bolster profits August 12, 2014 The strong pound and changes to UK annuities failed to stop the country’s biggest insurer, Prudential, from surging to a better-than-expected rise in profit yesterday. The Pru, led by high-profile chief executive Tidjane Thiam, said operating profits rose seven per cent to £1.5bn for the six months ending June, beating analysts’ estimates. The [...]
London Report: FTSE flat as Pru data counter geopolitical tensions in Ukraine August 12, 2014 BRITAIN’S top shares yesterday were pegged back by tension between the west and Russia over Ukraine, although robust results lifted insurance and pensions group Prudential. The FTSE 100 closed down 0.4 of a point – flat in percentage terms – at 6,632.42 points. A convoy of 280 trucks that Russia said were carrying humanitarian aid [...]
Prudential RideLondon 2014 in pictures: Cyclists battle Bertha rainstorm on London streets August 10, 2014 Brave cyclists took to the streets today despite the heavy rainfall, light flooding and thunderstorms caused by storm Bertha in stark contrast to yesterday's sunshine. The second day of the cycling festival hosted the Surrey 100, Handcycle Classic and Surrey Classic races, however organisers were forced to shorten the route through Surrey due to rainfall [...]
Prudential Ride London 2014 route: Where to watch the weekend’s cycling August 8, 2014 Cyclists of all ages and abilities have the opportunity to ride past some of London’s most famous landmarks this weekend as 2014 Prudential Ride London rolls into town. In total, there will be five events taking place in the city between 9am on Saturday morning and 6pm on Sunday evening. However, some Londoners [...]
Subliminal messages from the Prudential? July 29, 2014 When we spotted this poster from the Prudential relating to the Ride London event this weekend, we couldn’t help but wonder whether the financial services firm was having a dig at Westminster, with red tape winding its way around the City in the poster. Subliminal message received Pru. (Shame it was probably just a flourish [...]
Former Pru chief Prettejohn appointed Scottish Widows chair April 24, 2014 Lloyds Banking Group has confirmed the appointment of Nick Prettejohn, former chief executive of Lloyd’s of London and Prudential UK and Europe, as chairman of Scottish Widows Group. Prettejohn, who’s also been on the board of the Prudential Regulation Authority and is a member of the BBC Trust, will take up his role in June. [...]
Shares hit new high at the Pru after bank deal March 12, 2014 INSURER Prudential saw its share price hit a record high yesterday after it unveiled a 17 per cent increase in operating profits. The group announced a strong set of results for 2013, including news that it has covered its solvency requirements 2.8 times over and increased its final year dividend by 15 per cent, to [...]
Prudential sets aggressive Asia growth targets December 10, 2013 PRUDENTIAL set out ambitious targets for growth in Asia yesterday, boosting investor confidence and sending its shares higher. The insurer told a shareholder conference it will target 15 per cent compound annual profit growth in its Asian life and asset management markets between 2010 and 2017. In addition, it is aiming to achieve £10bn of [...]
Prudential hits record high due to expansion August 12, 2013 PRUDENTIAL boss Tidjane Thiam was yesterday vindicated after his decision to bet the company on overseas expansion pushed the insurer’s share price to record highs. Just three years ago Thiam’s job was on the line following a bungled £20bn bid for Asian rival AIA that left the company with a near-£400m bill. But now [...]
Prudential climbs higher as operating profits rise and Asia soars August 12, 2013 British insurer Prudential was the highest climber on the FTSE this morning after reporting a better-than-expected 22 per cent boost in first half operating profits to £1.42bn. Basic earnings per share also increased 22 per cent, rising to 42.2p from 34.6p in the same period the year before. The share price this morning increased by [...]