FTSE 100: Prudential plc (LON: PRU) aims higher as Royal Bank of Scotland Group plc (LON: RBS) climbs

Royal Bank of Scotland Group plc and Prudential plc catch bullish trend

In brief: FTSE 100: Prudential plc (LON: PRU) earnings surpassed analysts' expectations in the first quarter. Company's shares are rising in price. Royal Bank of Scotland Group plc (LON: RBS) finds a foothold.

Prudential plc (LON: PRU) British insurance company has published data on the growth of profit in the first half, surpassed analysts’ expectations, thanks to higher revenues in Asia and one-time income in the U.S..

Prudential plc (LON: PRU) shares are approximately 68.50 points, rising in price at +6.50 (1.16%) in early trading. The company said that operating profit rose 41% to 968 million pounds ($ 1.5 billion) in the first half compared with a loss of 254 million pounds a year earlier. However analysts had expected an operating profit of 746 million pounds. Net profit was 442 million pounds compared with 254 million pounds of losses for the same period in 2009 In addition, Royal Bank of Scotland Group plc (LON: RBS) is 46.82 points, gaining +0.82 (1.78%) during the first minutes of trading.

Ukrainian Globalist
2010-08-12 08:43, Economics.

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