Prudential plc stock slips as $1.2bn buyback kicks off; investors eye March results
Prudential plc shares fell 1.4% to 1,179 pence in early London trading Wednesday after the insurer began a $1.2 billion share buyback. The company purchased 316,603 shares on Jan. 6 and will cancel them, reducing its issued share capital to about 2.548 billion shares. Prudential said there is no guarantee the buyback will be completed in full.