Prudential (FY Results): bumper buybacks

Prudential (FY Results): bumper buybacks

Prudential reported full-year annual premium equal (APE) gross sales of $6.7bn, up 6% ignoring foreign money strikes, and underlying working revenue was up 5% to $3.3bn ($3.3bn anticipated). New enterprise revenue rose 12% to $2.8bn, pushed by larger volumes and bettering margins. The asset administration enterprise, Eastspring, noticed funds beneath administration rise 8% for the…

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HSBC says capital ratios need to improve before it resumes buybacks

HSBC says capital ratios need to improve before it resumes buybacks

Unlock the Editor’s Digest totally free Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. HSBC has stated it won’t make additional share buybacks till its capital ratios have improved following its privatisation of Hang Seng Bank, doubtlessly extending its earlier warning of a three-quarter suspension. Europe’s largest lender has…

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