Pru hot topic - papers 20 October

The FT says the news is being received as another change in strategy by a company that in February this year was still pushing a gloomy outlook on the UK market. “They've got a huge job to do to sell this to us. They were very negative on the UK market only recently,” the paper quotes one top-10 investor in the company. And, while talk is of earmarking certain amounts of the new money for expansion in Asia, especially India, there is also concern among equities analysts about just how the money may be spent in the UK, with plans seen as lacking “clarity”. The Daily Telegraph notes ...