|Bid||9.88 x 0|
|Ask||22.85 x 0|
|Day's range||22.85 - 22.85|
|52-week range||22.85 - 22.85|
|Beta (3Y monthly)||0.44|
|PE ratio (TTM)||19.87|
|Forward dividend & yield||0.64 (2.79%)|
|1y target est||14.00|
Iliad’s subscriber and revenue results came slightly below consensus expectations, UBS says. 1116 GMT - Greek bank stocks are again under heavy pressure after it was announced that MSCI Standard Greek Index removed three of the country’s four main banks and downgraded them to the MSCI Small Cap.
Prudential , Britain's largest insurer, said new business profit from its life insurance operations rose 17 percent in the first nine months of the year, driven by another robust performance in Asia. After a tough year for many asset managers, however, Prudential said its two fund management units, M&G Investments and Asia-focused Eastspring, had both posted net outflows of external client money. "A key positive in Prudential's trading update is a move up in Asian volume growth," said KBW analyst Greig Paterson in a note to clients, flagging an 'outperform' rating and 2,100 pence price target, although he called the outflows "disappointing".
The French train maker Alstom said earnings undershot forecasts, while Germany’s E.ON reported a jump in adjusted income.
The company said new business profit in Asia, where a burgeoning middle class has boosted demand for insurance, rose 15 percent to 1.76 billion pounds. The life insurer, which has a market value of around 42 billion pounds, is in the process of demerging that will see the UK and European insurance and asset management units of the 170-year-old company split off into a separate company. The planned demerger was on track, Prudential said in the business performance update ahead of an investor day event in Singapore.
UK-based life insurer Prudential said its profits from new business rose by 17 per cent in the first nine months of the year, driven by record performances in some of its Asian operations. In a statement ahead of the investor day, Prudential said that Asian new business profits — a measure of profits on new business sold in the period — grew 15 per cent to £1.8bn in the nine months to the end of September thanks to strong sales of health and protection products. In the US, profits at Prudential’s Jackson business rose 22 per cent to £716m as the company reaped the benefits of higher interest rates and tax reforms.
China is committed to opening up its financial sector like it has indicated, but it will be on its own time, said Mike Wells, Prudential Group CEO on Tuesday.
The Financial Times headquarters on the south bank of the river Thames is on the verge of being acquired by M&G as part of a deal that will see WPP, the advertising group, move into the building. The building at One Southwark Bridge, which has been occupied by the newspaper since 1989, had been due to be marketed in October. Talks between Pearson and buyers are in an advanced stage, two people said, adding that a preliminary agreement may be reached and announced as soon as this week.
Investing.com - Prudential Financial (NYSE:PRU) reported third quarter earnings that missed analyst's expectations on Wednesday and revenue that topped forecasts.
Eastspring Investments, Prudential Plc's Asian asset management business, said on Tuesday it had received a licence to set up a wholly-owned unit in China to manage non-retail funds in the world's second-largest economy. The company has also registered the private fund management unit with the Asset Management Association of China (AMAC), it said in a statement, a prerequisite before a foreign firm is allowed to raise capital in that country. The fund management licence will allow Eastspring to offer wealthy individuals and institutional investors investment products covering equities, fixed income and multi-asset segments in the onshore market.
A group of federal regulators on Wednesday lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis. The unanimous decision by the Financial Stability Oversight Council closed the books on its actions tagging selected big financial companies as potential threats. It was the latest example in the Trump administration's push to unwind Obama-era regulatory requirements aimed at averting another financial meltdown.
Britain's largest listed insurer Prudential Plc is eager to make acquisitions in Asia and is eyeing distribution partnerships with banks in countries including Indonesia and Vietnam to boost growth, its Asia chief executive said. The plans underscore Asia's key role as a profit driver for the insurer, which is in the process of splitting itself into two.
At least five insurers, including Britain's Prudential and Canada's Sun Life , have bid for Commonwealth Bank of Australia's (CBA) majority stake in an Indonesian insurance venture, people with knowledge of the process said. The stake sale, which could value the venture at between $250 million and $300 million, has also received second-round bids from insurer FWD Group, Singapore-listed Great Eastern Holdings, and Indonesia's Sequis Life, three people said.
Prudential Plc (SGX: K6S), DBS Group Holdings Ltd (SGX: D05) and Jardine Matheson Holdings Limited (SGX: J36) are the largest companies listed in Singapore.
The unit, Prudential Capital Energy Partners, is sponsored by Prudential Capital Group, the private-capital arm of Prudential Financial Inc.’s global investment-management business.
Prudential Financial Inc is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field. The direct-to-consumer service marks a sea change for Newark, New Jersey-based Prudential, the largest U.S. life insurance company by assets, managing $1.4 trillion, according to a filing. Prudential is also one the oldest U.S. insurance and investment companies, which has traditionally sold its products through a large network of advisers as well as employer-sponsored insurance and retirement plans.
Insurer Prudential plans to consolidate all non-British European insurance business in its Dublin subsidiary as part of preparations for Britain's exit from the European Union, a letter to clients seen by Reuters showed. Policies from Malta, France, Germany and Ireland would all transfer to its Irish company, Prudential International Assurance PLC (PIA), from the UK-based Prudential Assurance Company Limited (PAC). Business currently being written through a Polish branch of PAC would transfer to a new Polish branch of PIA, the company wrote.
Singapore is well positioned to take advantage of the rapid growth that InsurTech will see in the coming years.
HONG KONG, Aug 15, 2018 - (Media OutReach) - Prudence Foundation, the community investment arm of Prudential Corporation Asia, and Turner's Cartoon Network have turned to the next generation of Asian kids to provide inspiration for a new music video of Cha-Ching(TM) Money Smart Kids ("Cha-Ching"), the globally recognised and award-winning financial literacy programme that's now in its eighth year. Following a regional search for the most talented kids on TV, online and social media, six young individuals were identified to lend their voices to a rap song called "10 Things", which will begin airing on Cartoon Network on 15 August.
Investing.com – Chinese insurance giant Ping An Insurance (HK:2318) is considering acquiring the U.K.-based Prudential Plc's (LON:PRU) Asian business, which could be valued at $51.5 billion, Bloomberg reported on Thursday, citing people familiar with the matter.
(Adds Prudential Plc, Yandex, Shenzhen Energy, Fox, Starwood, Lanxess; Updates HNA Group) Aug 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Wednesday: ...
Insurer Prudential is unlikely to split into two before late 2019, it said on Wednesday as growth in Asia helped it beat first-half profit forecasts. Britain's largest listed insurer said in March it planned to demerge M&G Prudential, its UK and Europe life insurance and asset management business, into a separate business with a London listing. The remaining Prudential business will focus on Asia and the United States.