Life insurer Prudential tumbles as it turns to Hong Kong investors in £2.1bn equity drive By Lucy White For The Daily Mail Published: 17:16 EDT, 20 September 2021 | Updated: 17:16 EDT, 20 September 2021 Shares in Prudential fell after the life insurer announced plans to raise £2.1billion from investors in Hong Kong. The stock, … Read more
China travel curbs take toll on Prudential with sales of its policies in Hong Kong down 48% By Daily Mail City & Finance Reporter Published: 22:22 BST, 13 May 2021 | Updated: 22:22 BST, 13 May 2021 Border lockdowns have caused Prudential’s Hong Kong business to suffer Travel restrictions between Hong Kong and mainland China marred … Read more
Prudential slashes dividend as it retreats from the US: Insurer to focus on fast-growing markets in Asia and Africa By Matt Oliver For The Daily Mail Published: 22:01 BST, 11 August 2020 | Updated: 22:51 BST, 11 August 2020 Insurance giant Prudential slashed the dividend in half as it announced plans to spin off its … Read more
Pensioners are being forced to look for work and cancel holidays amid a payments backlog at one of Britain’s biggest insurers. One reader told Money Mail he had been waiting for the Prudential to release his pension pot for almost a month, while another had to wait three months for compensation. Savers have also complained … Read more
Prudential plans listing or partial sale of its US arm following pressure from activist investor Prudential has been urged by Third Point to spin off its US arm The activist investor wants the Pru to focus on Asian markets instead Third Point built a 5 per cent stake in the Pru By Daily Mail City & … Read more
Prudential bosses in shake-up talks BEFORE hedge fund called for a break-up By Lucy White For The Daily Mail Published: 21:55 GMT, 26 February 2020 | Updated: 21:55 GMT, 26 February 2020 Prudential was planning a major overhaul before US hedge fund Third Point demanded a break-up this week. The 172-year-old life insurer, which is … Read more
The activist demand that the Prudential sell its American arm Jackson Life was a bit of a shock. But the idea will be familiar to the Pru board, chaired by City grandee Paul Manduca. As part of a continuing strategic review, the future of America’s top annuity insurer Jackson Life has been under discussion for … Read more