Pru sees investors pull out of share funds

Prudential has seen more of its fund management customers switch away from equity-based products because of their fear of a stock market correction.

Pru legal victory tears up hefty pensions bill

Prudential has secured a court victory against members of its own pension scheme over changes that could have landed the insurer with a bill for millions in backdated payments.

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Pru customers to share £4m refund after error

Insurance giant Prudential is paying out £4 million in redress to thousands of policyholders who lost money following an administrative blunder.

Pru boss's bonus 'to be paid in shares'

Prudential yesterday said chief executive Tidjane Thiam's 2010 bonus would be paid in deferred shares, rather than 50 per cent cash, after the insurer racked up big costs in a failed bid for AIA last year.

L&G trounces Pru with 24% spike in divi despite fall in profit to £1bn

Life insurer Legal & General yesterday cheered investors with a better-than-expected dividend hike despite lower profits and said it was poised to cash in on cutbacks in state pensions and welfare payouts.

Pru results a boost for investors … and the boss

INSURANCE giant Prudential surprised shareholders by proposing a 20 per cent increase in its final dividend yesterday as it posted results that impressed the City and helped put last year's failed takeover of American Investment Group's Asian business behind it.

Pru boss could get bonus of £4.3m

The chief executive of insurer Prudential could be awarded a bonus worth up to £4.3 million this week, it was reported yesterday.

Chinese eye a stake in the Pru

CHINESE investors are believed to be considering buying a strategic stake in Prudential or even making a bid for the UK insurer's Asian business.

Pru's 35% profits leap helps patch up damage from AIA bid

Prudential's efforts to rebuild bridges with investors over its botched Asian deal-making were given a boost yesterday when first-half profits topped City forecasts.

Prudential aims to fend off calls for change with robust interim results

PRUDENTIAL will outstrip City forecasts this week when it reports robust interim results that it hopes will defuse calls for a boardroom clear-out following the failed £24 billion bid for AIG's Asian operations.

AIG set to launch Prudential bid

BAILED-out American insurance giant AIG is expected to turn the tables on the Prudential and launch a bid for some or all of the UK insurer following an IPO of its Asian business, analysts have said.

Two new directors for Prudential may mute calls for resignations

PRUDENTIAL is planning to hire two directors in a move that could pave the way for the departure of chairman Harvey McGrath, reports said yesterday.

Fidelity set to call for Pru chairman's resignation

FUND manager Fidelity is expected to call for the resignation of Prudential's chairman when it meets the insurer today.

Prudential board fights calls to quit after failed bid for AIG's Asian arm

THE board of insurer Prudential yesterday faced down calls to resign over its aborted bid for AIG's Asian unit as it unveiled strong sales figures.

Pressure mounts ahead of rough AGM for Prudential

Chief executive Tidjane Thiam is under pressure over AIA

Pru chief offers to quit over failed AIA bid

PRUDENTIAL boss Tidjane Thiam yesterday apologised for "mistakes" in the abortive $35 billion (£24.3bn) bid for AIG's Asian arm, AIA, and said he would resign if shareholders wanted him to go.

Thiam under threat for AIA overreaching

PRUDENTIAL chief executive Tidjane Thiam's job hung in the balance yesterday as some investors suggested his head should roll for the embarrassing failure of the insurer's $35.5 billion (£24bn) bid for AIG's Asian arm, AIA.

Pru's bid near collapse as AIG rejects any price cut

PRUDENTIAL's blockbuster bid for AIG's Asian business was on the brink of collapse last night after it failed to secure a price cut from $35 billion (£23.8bn) to $30.38bn.

Insurer's chief back from takeover talks

PRUDENTIAL boss Tidjane Thiam returned from the US yesterday as hopes rose that late-night talks might succeed in cutting 10 per cent from the Pru's $35.5bn (£24bn) takeover bid for AIG Asia.

Prudential's move for AIA on knife-edge over price

SPECULATION was mounting last night that Prudential may walk away from its blockbusting deal to swallow the Asian arm of US insurer AIG if it cannot renegotiate the price.

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