Pru share price hit by regulation fears

Despite positive first quarter results, the stock market is pushing Prudential's share price down on anticipation of a change in regulation for assurance businesses. The company struggled to get through the 2000 and 2001 bear markets as its reserves, which were held in stock and shares, dropped in value. Significantly, it held as much as 2.7 million Marconi shares at the end of August last year. However, due to cutting costs through redundancies in its sales force, the company posted positive results and is looking to expand in the UK by re-engineering its retirement and savings produ...