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0 0 0.00218221494817235 0.00218221494817235 -0.00845608292416809 0.000272776868521495 0.000272776868521495 -0.0185488270594653
Stock impact report

UPDATE 1-Prudential gets H1 Asia boost; demerger expected by year-end [Reuters (UK)]

Prudential Public Limited Company (PUK) 
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Reuters
Prudential gets first-half Asia boost; demerger expected by year-end - Reuters 2 Min Read LONDON (Reuters) - British insurer Prudential ( PRU.L ) on Wednesday posted a 14% rise in half year operating profit, driven by robust growth in its Asian business, sending its shares higher. Group operating profit from continuing operations, excluding its M&G Prudential unit, which Prudential said would be demerged in the fourth quarter, was 2.02 billion pounds ($2.44 billion), thanks to a similar growth in profit from its core Asia market. “The group’s performance has again been driven by our Asian business, where we have delivered double-digit growth across our key metrics of operating profit,” Chief Executive Mike Wells said in a statement. “We are benefiting from growing demand for health, protection and savings across the region.” New business profit in Asia rose 10% over the six months to end-June, while assets under management at its Asia-focused fund unit Eastspring grew 12% to 169.5 b Show less Read more
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