St James’s Place calls in ex Prudential boss as its new chief executive September 13, 2023 London wealth manager St James’s Place has appointed the former boss of insurance giant Prudential as its new chief executive today as veteran Andrew Croft prepares to step down later this year.
Prudential shares bounce as chief lays out new Asia push August 30, 2023 Prudential announced a fresh growth push into Asia and Africa today as it laid out a hefty warning missive to investors over the slowing global economy.
New man from the Pru to lay out Asia-focussed growth plan August 27, 2023 Prudential is set to unveil its latest trading performance next week as shareholders hope for a revival under its new boss.
Prudential’s CFO leaves after ‘falling short of standards’ but insurer gives few details May 31, 2023 Prudential Plc said on Wednesday its chief financial officer, James Turner, would leave the company after a code of conduct investigation into a recent recruitment showed he had fallen short of its standards. Turner, who has been with the Asia-focused company for 12 years before resigning, will stay on for four months to support a transition [...]
Prudential: Insurance giant vows to stay listed on London stock exchange after posting uptick in profits on pivot to Asia March 15, 2023 Prudential today confirmed it intends to remain listed in the City following speculation the 175-year-old insurer had plans to switch the the London Stock Exchange for New York. A spokesperson for the insurance giant today confirmed to City A.M. the firm has “no plans” to exit the London Stock Exchange. It comes after Prudential today [...]
Prudential: New CEO gears up for first day at insurance giant February 23, 2023 Anil Wadhwani is to start his role as chief executive of Prudential on Saturday 25 February, the company has announced As previously announced in May 2022, Anil Wadhwani will join Prudential as chief executive. He will present 2022 Full Year Results on 15 March 2023 and will begin meeting with investors and stakeholders thereafter. Mark FitzPatrick, chief executive since 1 [...]
Prudential shares continue to slide as Covid hits insurer’s profits August 25, 2022 Shares in Asia-focused insurer Prudential continued to slip over the previous day as investors maintained their scepticism towards the firm’s claims its recent losses are simply the result of Covid. The London listed firm’s shares have lost more than 30 per cent of their value since the start of 2022, as stringent Covid policies across [...]
China’s zero-Covid policy hits Prudential’s business August 10, 2022 London insurance company Prudential today said it had suffered steep losses from its Hong Kong business due to China’s zero-Covid policy. The Asian focused insurer said profits from underwriting new policies fell 31 per cent in Hong Kong and four per cent in Mainland China. Covid restrictions in Prudential’s other cornerstone markets – Indonesia, Malaysia, [...]
Prudential share price tumbles as Jackson Life demerger gets pushed back May 13, 2021 Prudential’s demerger of its US arm Jackson Life has been pushed back to the second half of the year, the insurer announced today, causing its share price to tumble. The group had originally hoped to complete the demerger in the second quarter of this year, however it has now been pushed back to Q3 or [...]
Prudential share price tumbles nine per cent on Jackson demerger plan January 28, 2021 The share price of insurer Prudential fell eight per cent today following news it would split off its US business through a demerger. Following pressure from activist investor Third Point, Prudential agreed to split off its US business Jackson through a demerger that could raise between $2.5 and $3bn in new equity. In response Prudential’s [...]