FTSE holds as Prudential's profits rise

clock

The FTSE 100 Index is little changed this morning, slipping 2 points to 5963.1 points with gains by Corus Group and Prudential.

Prudential has gained 1.2% to 612p after it reported a profit increase of 58% to £448m in the second half as life and pension sales in Asia and the US rose. Full-year operating profit rose 34% to £1.71bn, beating the £1.58bn median estimate of 10 analysts. Sales rose 21% and the company lifted its full-year dividend to 16.32p a share, from 15.84p. Corus has rallied 5.6% to 80.5p after it posted a 61% decline in fourth-quarter profit to £67m as energy and raw material prices rose. The median estimate of five analysts surveyed by Bloomberg was for a profit of £53m. Meanwhile, BSkyB has ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read
Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read
Partner Insight: Understanding the investment universe

Partner Insight: Understanding the investment universe

Invesco
clock 12 April 2024 • 6 min read