Business Services Industry
Dealers clutching at straws after Prudential shock.
Knight Ridder/Tribune Business News, October, 2004
Daily Mail, London Knight Ridder/Tribune Business News
Oct. 23--Having fallen off a cliff this week in reaction to the shock heavily- discounted 3 billion pounds rights issue, insurance giant Prudential was in need of some divine intervention. It came in the shape of a completely off the wall rumour yesterday that HBOS, the UK's fourth largest bank by assets, is lining up a multi-billion pound cash bid for the company.
The jackanory was enough to send bears running for cover and the stock 15 4 pence higher before -- surprise, surprise -- HBOS said it had absolutely no intention of considering a move for the 9 billion pounds insurer. Pru closed 5 3/4 pence up on the day but still a sorry 70 pence down on the week.
Pru's chief executive...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
