Prudential plc shares slip after buyback update; what investors watch next
Prudential (PRU.L) repurchased 330,946 shares on Jan. 9 as part of its new $1.2 billion buyback program. The stock slipped about 0.3% to 1,157 pence in early London trading Monday. Shares were acquired via J.P. Morgan Securities at an average £11.5684 each and will be cancelled, reducing the share count to about 2.55 billion. Traders are watching buyback pace and upcoming Bank of England rate decisions.