Pru 'should merge with Resolution' - papers 24th Oct

UBS yesterday weighed into deliberations about Prudential’s future as Roger Hill, analyst at UBS, suggested the most likely outcome is the Pru - which has just announced cost-cutting measures at its first-half results - will opt for a slimmed-down UK business focused on annuities. Hill has suggested the Pru could sell the entire business to a third party for shares in an enlarged group, with such stock distributed to its shareholders, leaving it as a more focused play on international markets. While Resolution is perhaps not the only possible candidate, it is suggested its track record ...