prudential plc (PUKPF) Key Developments
Prudential plc Announces Executive Changes
May 1 15
Prudential plc announced the appointment of Mike Wells to succeed Tidjane Thiam as Group Chief Executive on 1 June 2015. Mike Wells has served on Prudential plc's Board since January 2011 and is currently President and Chief Executive of Jackson National Life Insurance Company. He has worked in life insurance, retirement services and asset management for 29 years and has served in senior and strategic positions at Jackson since joining in 1995.
Prudential plc Presents at Milken Institute, Global Conference 2015, Apr-27-2015 05:00 PM
Apr 23 15
Prudential plc Presents at Milken Institute, Global Conference 2015, Apr-27-2015 05:00 PM. Venue: 2025 Ave Of The Stars, Los Angeles, CA 90067, California, United States. Speakers: Tidjane Thiam, Group CEO.
ICICI Prudential Cancels Plans To Sale Stake
Apr 23 15
ICICI Prudential Life Insurance Company Ltd. has canceled its plan to sell stake in the company. ICICI Bank Ltd. (NSEI:ICICIBANK) and Prudential Plc (LSE:PRU) had initiated a process to sell at least 5% stake in the company to raise $300 million. The company has failed to lure global investors at a price it desired. Several bulge bracket private equity and sovereign wealth funds that were initially interested in owning a portion of ICICI Prudential have pulled out.
Prudential plc Proposes Final Dividend for the Year Ended 31 December 2014, Payable on 21 May 2015
Apr 9 15
Annual General Meeting of Prudential plc will be held on May 14, 2015. The shareholders to approve and declare a final dividend of 25.74 pence per ordinary share of the company for the year ended 31 December 2014. If approved, the recommended final dividend will be payable on 21 May 2015 to shareholders on the register of members at the close of business on the record date of 27 March 2015.
Prudential plc Announces Unaudited Consolidated Earnings Results for the Full Year Ended December 31, 2014
Apr 9 15
Prudential plc announced unaudited consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported total revenue, net of reinsurance of GBP 60,126 million compared to GBP 52,375 million a year ago. Profit before tax (being tax attributable to shareholders' and policyholders' returns) was GBP 3,154 million compared to GBP 2,082 million a year ago. Profit before tax attributable to shareholders was GBP 2,614 million compared to GBP 1,635 million a year ago. Profit for the year attributable to equity holders of the company was GBP 2,216 million or 86.8 pence per diluted share compared to GBP 1,346 million or 52.7 pence per diluted share a year ago. Net cash flows from operating activities were GBP 1,828 million compared to GBP 1,324 million a year ago. Purchases of property, plant and equipment were GBP 172 million compared to GBP 221 million a year ago.