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Pin to quick picksPrudential Share News (PRU)

Share Price Information for Prudential (PRU)

London Stock Exchange
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Share Price: 747.00
Bid: 750.80
Ask: 751.40
Change: -3.00 (-0.40%)
Spread: 0.60 (0.08%)
Open: 747.00
High: 756.80
Low: 743.60
Prev. Close: 750.00
PRU Live PriceLast checked at -

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UK's FTSE 100 gains on energy boost; real estate stocks slip

Mon, 10th Jul 2023 17:30

Water utility firms rise on Thames Water news

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Miners under pressure after weak China data

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BT Group down on CEO's plan to step down

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Real estate stocks fall on HSBC's bearish outlook on sector

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FTSE 100 up 0.2%, FTSE 250 adds 0.1%

July 10 (Reuters) - UK's FTSE 100 ended higher on Monday as gains in energy firms outpaced losses in mining stocks after weak Chinese economic data renewed slowing demand concerns.

The blue-chip FTSE 100 gained 0.2%, while the more domestically focussed FTSE 250 midcap index added 0.1%.

Oil major Shell rose 1.0% after Deutsche Bank raised its price target on the stock, while the broader oil and gas sector added 0.7%.

Industrial metal miners lost 0.7%, tracking a fall in most base metal prices.

Top metals consumer China said producer prices fell at their fastest pace in over seven years in June, while consumer prices teetered on the edge of deflation.

"The continued loss of power in the Chinese economy is concerning investors," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.

China-exposed stocks like insurer Prudential fell 0.4%, while lenders Standard Chartered and HSBC Holdings lost 0.8% and 0.5%, respectively.

Debt-ridden water company Thames Water said its investors agreed to pump 750 million pounds ($960 million) into the firm, lifting water utility firms United Utilities Group and Severn Trent up 1% and 1.5% respectively.

A bearish note from HSBC on the UK real estate weighed on the sector, pushing the real estate investment trusts (REITs) and real estate sector down nearly 0.5% each.

Travel stocks led gains, up 1.6% following last week's 3% fall.

Telecoms firm BT Group fell 0.2% as the company began its hunt for a new chief executive after incumbent Philip Jansen said he planned to step down.

The FTSE 100 is down 2.3% for the year, versus a 5.6% gain in the pan-European STOXX 600 index. Citigroup downgraded UK stocks to 'neutral' and upgraded European shares, on a lack of exposure to growth stocks and a stronger pound.

Meanwhile, Bank of England Governor Andrew Bailey reiterated the central bank's commitment to "see the job through" and get inflation back to target. (Reporting by Shashwat Chauhan and Shristi Achar A in Bengaluru; Editing by Dhanya Ann Thoppil, Sohini Goswami and Christina Fincher)

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23 Jan 2024 07:43

JPMorgan reiterates 'overweight' rating on Prudential

(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Prudential on Tuesday as it said concerns about the stock reflect fear rather than fundamentals.

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22 Jan 2024 08:34

LONDON MARKET OPEN: FTSE 100 follows New York into the green

(Alliance News) - Stock prices in London opened higher on Monday, propelled by gains on Wall Street at the end of last week.

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17 Jan 2024 17:05

European shares slide more than 1% on hawkish ECB remarks, disappointing China data

Dec. EZ final consumer prices at 2.9% on yearly basis

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17 Jan 2024 12:00

LONDON MARKET MIDDAY: UK inflation uptick, weak China data hits stocks

(Alliance News) - Stock prices in London were lower at midday Wednesday, as hotter-than-expected UK inflation data served as a setback to early rate cut expectations.

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17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

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16 Jan 2024 18:14

IN BRIEF: Prudential completes GBP31.8 million share buyback programme

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Completes share buyback programme that was announced earlier this month. Across programme, which began on Monday last week, buys back 3.9 million shares at an average of GBP8.27 each for a total GBP31.8 million.

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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5 Jan 2024 09:50

IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

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29 Dec 2023 07:59

London open: Gains modest but stocks rise to seven-month high

(Sharecast News) - UK stocks edged higher to a seven-month high on Friday morning, though gains were likely to be limited in a shortened trading session ahead of the New Year's break.

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28 Dec 2023 12:27

London midday: Stocks reverse gains to turn lower at lunchtime

(Sharecast News) - London's stock markets had turned negative by lunchtime on Thursday, reflecting a subdued trading environment during the typically quiet period between Christmas and New Year.

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28 Dec 2023 09:02

LONDON MARKET OPEN: China-exposed firms rise as stocks drift higher

(Alliance News) - Stock prices in London opened slightly higher on Thursday, with investors feeling quietly optimistic on the penultimate day of trading for 2023.

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20 Dec 2023 09:51

Prudential and partner invest more in China life insurance venture

(Alliance News) - Prudential PLC on Wednesday said that, together with its local partner, it has invested an additional CNY2.5 billion, about USD351 million, into a life insurance joint venture in China.

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20 Dec 2023 07:46

Prudential approves $351m capital increase for CPL unit in China

(Sharecast News) - International insurance giant Prudential has approved a capital increase for its business in Mainland China to drive growth.

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6 Dec 2023 15:15

London close: Stocks rise as investors digest US jobs data

(Sharecast News) - London's stock markets finished with a positive performance on Wednesday, with the FTSE 100 and FTSE 250 both closing in the green.

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5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

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