Cowdery eyes Pru's UK insurance arm - report

The Sunday Telegraph said Cowdery had sounded out Pru executives over a possible deal, one of a number of recent approaches made by Resolution. Prudential is believed to be keen to negotiate a sale of the UK business, the paper said, although Pru believes any buyer would have to pay a large premium to the current implied stock market valuation. Resolution's other potential targets are understood to include Clerical Medical and Friends Provident. Prudential shares are up 5.7% to 301.25 on the speculation. IFAonline