Pru UK profits drop 6% despite sales rise in Q1

Laura Miller

Prudential's UK new business profit fell 6% in the first quarter of 2011, despite an increase in sales.

First quarter UK sales were driven 3% up to £199m by higher demand for onshore bonds and corporate pensions. But profits for the quarter fell despite the surge, down 6% to £65m on Q1 2010. The UK...

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