Taxpayer to foot bill for Pru AIA bid - papers

The embattled insurer will seek to offset a chunk of its estimated £400m costs for the failed takeover tilt against its tax liabilities, City sources say. It means Prudential could end up paying the taxman tens of millions less than it would otherwise have done had its planned swoop on AIA not collapsed in June, the Daily Mail reports. Boss Tidjane Thiam will outline his plans to mitigate the cost of his Asian misadventure when the British insurance giant unveils half-time results on Thursday. Read more...