Exclusive: Prudential to hire ex FCA regulator Clive Adamson March 9, 2015 Clive Adamson, who quit the Financial Conduct Authority (FCA) as director of supervision ahead of a critical report into its conduct before Christmas, is joining the Prudential, two sources have told City A.M. Adamson is understood to be joining Prudential’s UK business, possibly in a non-executive capacity. Although Adamson’s departure from the FCA was widely [...]
Prudential lifts new business profits despite annuity slump November 18, 2014 Insurance giant Prudential grew its new business profit by 17 per cent in the first nine months of 2014, up to £1.5bn from £1.4bn in the same period of last year. The company reported that UK new business profit grew by 28 per cent in the first three quarters, to £209m, while annual premium equivalent [...]
Prudential backs Swansea energy project October 20, 2014 PRUDENTIAL has been named as the cornerstone investor in the £1bn Tidal Lagoon Swansea Bay Project, which has been designed to generate electricity by harnessing the power of the sea. Through its investment arm, M&G, Prudential will provide up to £100m for the project.
Prudential boss to join 21st century board September 29, 2014 Tidjane Thiam, Prudential chief executive, has been nominated to join the board of Rupert Murdoch’s 21st Century Fox (whose upcoming movie Gone Girl, pictured, featuring Ben Affleck, has received rave reviews). Thiam, circled above, said he was “delighted to be nominated”. A final decision will be made on 14 November at the firm’s annual meeting.
Jeff Randall: From Sky soap box to Prudential sounding board August 17, 2014 So, Jeff Randall’s off the to the Pru. The veteran business hack, whose career has seen him go from The Telegraph, to the BBC to Sky (from where he stepped down earlier this year) is to become an adviser to Prudential boss Tidjane Thiam. Ah, I hear you say, another journo heads-off into a PR [...]
Star Man from the Pru’s results turns spotlight on to Standard Chartered – Bottom Line August 12, 2014 It’s little surprise that the chief executives of Standard Chartered and Prudential “have a very good existing relationship,” to quote the latter. Peter Sands and Tidjane Thiam may come from very different corners of the world – Sands was born in England, Thiam in the Ivory Coast – yet these days both can regularly be [...]
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 [...]