Prudential warns of dropping sales - papers 16 January

Prudential is watching sales in Asia slip says the FT today, after the asurer said fourth quarter sales in places such as Taiwan and Singapore were being hit by the global economic slowdown. Overall, the figures from the company out today do not, however, make for bad reading. "Group insurance and investment sales rose by 54 per cent to £21.5bn ($24.5bn). Sales rose 46 per cent to £2.8bn on an annual premium equivalent (APE) basis, the industry measure that includes new annual premiums plus a 10th of all single premiums," the FT says. The company's UK sales grew thanks to a st...