Views Article – Sharenet Wealth

Europe, News

Prudential shares cheer profit rise, demerger by Q4

** Shares of insurer Prudential Plc turn positive to trade as much as 2.6% higher at 1535p

** Co posts H1 operating profit up 14%, driven by growth in its Asian business, says M&G Prudential unit to demerge in Q4

** Shares were down as much as 0.8% before H1 report, now up 0.8% at 1507.5p as of 0908 GMT

** Says co is carefully monitoring developments in Hong Kong

** Says preparations are complete for move to group-wide supervision by Hong Kong insurance authority

** PRU shares have risen ~8% this year, outperforming the FTSE 350 life insurance index that is up ~5% YTD (Reporting by Yadarisa Shabong in Bengaluru)

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