Asia Business Helps Prudential Beat Profits
Prudential Plc posted a 6 percent increase in first-half profit as a jump in earnings at its Asia business helped the U.K.’s largest insurer to beat analyst estimates. The shares climbed to an almost four-month high. The company reported operating profit of 2.06 billion pounds ($2.69 billion) in the first six months of year, the statement showed Tuesday. That topped the 1.88 billion-pound average estimate of 18 analysts survey by Prudential. Its Asia business increased profit 15 percent to 743 million pounds and the company lifted its dividend by 5 percent to 12.93 pence per share. Chief Executive Officer Mike Wells discusses business and Brexit with Bloomberg's Francine Lacqua on "The Pulse."