London, Feb 5, 2026, 09:35 GMT — Regular session
- Prudential shares dipped roughly 0.5% in early London trading following the insurer’s announcement of its latest share buyback.
- The group acquired 286,469 shares at an average price of £12.2883 and announced plans to cancel them.
- Thursday’s Bank of England decision and Prudential’s full-year results next month are drawing investor attention.
Prudential plc shares dipped on Thursday following the insurer’s announcement of its latest buyback under a $1.2 billion repurchase plan. By 09:35 GMT, the stock was down 0.5% at 1,210 pence, after fluctuating between 1,198.5p and 1,214.5p. (Investing)
Daily buyback notices are nothing new, yet they’ve turned into a key gauge for investors watching if Prudential can maintain its cash returns amid the market’s growing volatility. The real test arrives with the group’s full-year results due next month.
Sentiment in London remained cautious ahead of the Bank of England’s decision scheduled for 1200 GMT, with expectations firmly set on holding the Bank Rate at 3.75%. James Mashiter, fixed-income portfolio manager at SEI, noted the central bank will want “further evidence that inflation is falling towards its 2% target.” Meanwhile, ING economist James Smith anticipated officials would keep “options open.” (Reuters)
Prudential bought 286,469 shares on Wednesday, paying an average of £12.2883 each, with prices fluctuating between £12.2050 and £12.3750. The company intends to cancel these shares, which will leave total voting rights at 2.541 billion, it said. (Investegate)
Prudential’s buyback programme, launched on Jan. 6, is set to run until Dec. 18, 2026, with a cap of $1.2 billion. It combines $500 million from recurring capital returns and $700 million raised through the ICICI Prudential Asset Management Company IPO. J.P. Morgan Securities plc is handling the execution. The company also mentioned separate “neutralisation” buybacks aimed at offsetting dilution from employee and agent share schemes. CEO Anil Wadhwani commented at the programme’s start: “I am pleased with the progress we are making in executing our strategy.” (Investegate)
UBS stuck to its buy rating this week, raising the 12-month price target to 1,400p, Proactive Investors reported. The broker cited a higher valuation for ICICI AMC following its listing. UBS also forecasted Prudential would return about 16% of its market value over the next three years and pointed to potential for “small upside surprises” in upcoming results. (Proactiveinvestors NA)
Prudential slipped alongside other UK insurers, with Aviva dropping 1.7% and Legal & General down roughly 1% in early trading. (Investing)
But buybacks won’t always shore up stocks when the market dips, and Prudential has warned that the speed and timing of these returns could change depending on market swings. If repurchases slow down—or if cash flow falters—investors will zero in on how well the company is executing its strategy.
All eyes are on Prudential’s 2025 full-year results, set for March 19 in Hong Kong (March 18 in the UK). Investors want clarity on capital returns and how the business is faring across its Asian markets. (Prudentialplc)
