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 [...]