Prudential asset management profits up 28%

The asset management divisions at UK insurer Prudential increased their combined profits by 28% to £334m (€434m) last year, thanks to continued inflows and strong investment performance despite turbulent markets in the second half of the year.

UK-based M&G Investments increased profits by 25% to £254m from £204m the previous year, matching the previous year's profit growth of 25%.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached