FTSE holds as Prudential's profits rise

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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 ...

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