Edition:
India

Prudential PLC (PRU.L)

PRU.L on London Stock Exchange

1,715.50GBp
19 Jul 2019
Change (% chg)

-4.00 (-0.23%)
Prev Close
1,719.50
Open
1,728.50
Day's High
1,735.50
Day's Low
1,703.50
Volume
2,748,258
Avg. Vol
4,350,082
52-wk High
1,843.00
52-wk Low
1,324.99

Latest Key Developments (Source: Significant Developments)

Demerger will enable M&GPrudential to scale up-CEO
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Prudential PLC ::UNIT M&G PRUDENTIAL CEO JOHN FOLEY TELLS INVESTOR DAY ~DEMERGER GIVES US OPPORTUNITY TO SCALE UP SAVINGS AND ASSET MANAGEMENT BUSINESS.M&G PRUDENTIAL CEO JOHN FOLEY SAYS ~ HERITAGE BUSINESS REMAINS VITAL TO OUR FUTURE GROWTH.M&G PRUDENTIAL CEO JOHN FOLEY SAYS ~ HERITAGE, SAVINGS, ASSET MANAGEMENT UNDER SAME ROOF SOURCE OF COMPETITIVE ADVANTAGE.M&G PRUDENTIAL CEO FOLEY ~ LAID THE GROUNDWORK FOR EXPANSION IN NORTH AMERICA WITH NEW OFFICES.  Full Article

Prudential Says M&GPrudential On Track For c.145 Mln Stg Cost Savings By 2022
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Prudential PLC ::ANNOUNCES THAT M&GPRUDENTIAL IS HOLDING A CONFERENCE FOR INVESTORS AND ANALYSTS IN LONDON ON 3 JULY."PROFITABLE GROWTH PROSPECTS FOR M&GPRUDENTIAL ARE SUBSTANTIAL".FOR M&GPRUDENTIAL, SHAREHOLDER INVESTMENT OF C.£250M ON TRACK TO DELIVER ANNUAL SHAREHOLDER COST SAVINGS OF C.£145M BY 2022.  Full Article

Prudential Group Of Companies Raises Stake To 10.12% From 5% In Reach As Of June 24 -Filing
Tuesday, 25 Jun 2019 

June 25 (Reuters) - Prudential PLC ::PRUDENTIAL PLC GROUP OF COMPANIES RAISES STAKE TO 10.12% FROM 5% IN REACH PLC AS OF JUNE 24 -FILING.  Full Article

Prudential Raises Stake To 10.63% From 7.93% In Kier
Friday, 24 May 2019 

May 24 (Reuters) - Kier Group PLC ::PRUDENTIAL PLC GROUP OF COMPANIES RAISES STAKE TO 10.63% FROM 7.93% IN KIER GROUP PLC AS OF MAY 22 - FILING.  Full Article

Prudential Appoints Amy Yip As Non-Executive Director
Friday, 10 May 2019 

May 10 (Reuters) - Prudential Plc ::PRUDENTIAL APPOINTS NEW NON-EXECUTIVE DIRECTOR.APPOINTMENT OF AMY YIP AS A NON-EXECUTIVE DIRECTOR.YIP HAS SERVED AS AN EXECUTIVE DIRECTOR OF HONG KONG MONETARY AUTHORITY.  Full Article

Prudential Corporation Holdings Plans To Sell 37.3 Mln Shares Of ICICI Prudential Life Insurance
Monday, 25 Mar 2019 

March 25 (Reuters) - PRUDENTIAL CORPORATION HOLDINGS::PLANS TO SELL 37.3 MILLION SHARES OF ICICI PRUDENTIAL LIFE INSURANCE VIA OFS.OPTION TO SELL ADDITIONAL 15.9 MILLION SHARES OF ICICI PRUDENTIAL LIFE INSURANCE.FLOOR PRICE FOR SALE AT 300 RUPEES PER SHARE.  Full Article

UK competition watchdog targets loyalty penalties crackdown
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - :COMPETITION AND MARKETS AUTHORITY (CMA) HAS TODAY ANNOUNCED A PACKAGE OF REFORMS TO TACKLE SUBSTANTIAL LOYALTY PENALTY IMPACTING MILLIONS OF PEOPLE..INVESTIGATION HAS UNCOVERED DAMAGING PRACTICES INCLUDING CONTINUAL YEAR ON YEAR STEALTH PRICE RISES; COSTLY EXIT FEES; TIME-CONSUMING AND DIFFICULT PROCESSES TO CANCEL CONTRACTS OR SWITCH TO NEW PROVIDERS; AND REQUIRING CUSTOMERS TO AUTO-RENEW OR NOT GIVING SUFFICIENT WARNING THEIR CONTRACT WILL BE ROLLED OVER.A NUMBER OF RECOMMENDATIONS ARE BEING MADE TO REGULATORS AND GOVERNMENT TO HELP STOP LOYAL CONSUMERS BEING RIPPED OFF. THESE INCLUDE:CRACKING DOWN ON HARMFUL BUSINESS PRACTICES USING ENFORCEMENT AND REGULATORY POWERS.SETTING OUT CLEARLY PRINCIPLES BUSINESSES ACROSS ALL MARKETS SHOULD FOLLOW, SUCH AS PEOPLE BEING ABLE TO LEAVE A CONTRACT.CMA WILL ALSO BE LOOKING AT WHETHER CONSUMER LAW SHOULD ALSO BE REINFORCED.THERE IS EVIDENCE OF FIRMS CONTINUALLY RAISING PRICES IN THE INSURANCE MARKET. .FIRMS SHOULD BE PUBLICLY HELD TO ACCOUNT FOR CHARGING EXISTING CUSTOMERS MUCH MORE; REGULATORS SHOULD PUBLISH SIZE OF LOYALTY PENALTY IN KEY MARKETS AND FOR EACH SUPPLIER ON A YEARLY BASIS..  Full Article

Prudential Cuts Stake In Close Brothers To 5.42 Pct From 6.58 Pct-Filing
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Close Brothers Group PLC ::PRUDENTIAL PLC CUTS STAKE IN CLOSE BROTHERS TO 5.42 PERCENT FROM 6.58 PERCENT-FILING.  Full Article

Prudential Appoints Michael Falcon Chairman, CEO Of North America Business Unit
Friday, 12 Oct 2018 

Oct 12 (Reuters) - Prudential PLC ::PRUDENTIAL PLC - DIRECTORATE CHANGE.PRUDENTIAL PLC - BARRY STOWE TO RETIRE AS CHAIRMAN AND CHIEF EXECUTIVE OF NORTH AMERICAN BUSINESS UNIT, TO BE SUCCEEDED BY MICHAEL FALCON.  Full Article

Quilter Comments On FCA Clearing Life Insurers Of Customer Mistreatment
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Quilter PLC ::QUILTER PLC - CLOSURE OF FCA INVESTIGATIONS.QUILTER PLC - NOTES ANNOUNCEMENT BY FCA THAT ITS REVIEW INTO FAIR TREATMENT OF LONGSTANDING CUSTOMERS IN LIFE INSURANCE SECTOR, HAVE EACH BEEN CLOSED.QUILTER - OLD MUTUAL WEALTH LIFE ASSURANCE LTD VOLUNTARY REMEDIATION PROGRAMME ANNOUNCED IN MARCH CONTINUES AND IS UNAFFECTED BY TODAY'S ANNOUNCEMENT.  Full Article

Insurer Prudential says M&GPrudential's cost savings on track

July 3 Britain's biggest insurer Prudential Plc said on Wednesday that investments in M&GPrudential was on track to deliver an annual cost savings of about 145 million pounds ($182.22 million) by 2022.