Pru hires City fixer as profit eases tension


first_img KCS-content Pru hires City fixer as profit eases tension More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com whatsapp Share Show Comments ▼center_img whatsapp Tags: NULL PRUDENTIAL has hired a troubleshooter to help repair its tattered relations with City investors after the collapse of its $35.5bn (£22bn) attempt to buy AIG’s Asian arm.After a wave of criticism over its handling of shareholders, the FTSE 100 titan has poached insurance industry veteran Steve Riley from Clive Cowdery’s Resolution business. Riley started at Prudential this week with the special remit of liaising with fund managers and sell-side analysts.Institutional investors repeatedly blasted Prudential and boss Tidjane Thiam for “shambolic” communication during the aborted bid. Finance director Nic Nicandrou said Riley would be an important go-between for the company and its holders.“One of the lessons we’ve learned is, while we felt we were having a good dialogue with investors, it was clear there was more we could have done in that regard,” he told City A.M.But some shareholders were critical. The head of equities at a funds house said: “It doesn’t really wash. It might help around the edges but it will take a lot more than that to rebuild confidence.”The news came as Prudential smashed forecasts with first-half operating profits boosted 41 per cent by soaring Asian performance to £968m. Group sales rose 28 per cent to £1.7bn. Prudential upped its dividend five per cent to 6.6p per share. Thursday 12 August 2010 8:28 pm Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndolast_img

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