Shares in the insurer Prudential surged this morning off the back of a Capital Management Update that included news of plans to initiate a $2 billion share buy back, for completion over the next two years. In addition, the company’s aggressive dividend policy remains in place, with an expectation of a 7-9% this year, too. Shares were topping the FTSE-100, up by more than 6% at 9am.




The soft drinks maker saw its share price surge on Friday amidst bid talk from Carlsberg and the stock has been given another leg up as the new trading week gets underway. Shares have advanced by almost 9% shortly after the open with news that PepsiCo – who Britvic has a bottling agreement with – wouldn’t object to any change of control. Whilst it doesn’t guarantee a deal will complete, it certainly removes what could have been a challenging barrier.


Frasers Group


Shares in Mike Ashley’s sprawling retail play Frasers found more support as the new week got underway, with THG announcing in a pre-AGM statement that the two businesses had agreed a tie-up. Frasers’ credit and loyalty scheme will be integrated into THG’s e-commerce platform, whilst THG has also sold its Coggles luxury line to the partner. Frasers’ Shares were sitting around 2% higher shortly after the opening bell.


Headlines we expect on Tuesday


Warehouse REIT Final Results

This time last year Gross Income £47.8m, Portfolio valuation £829m, LTV ratio 33.9%


IG Design Final Results

This time last year Revenue $890m, Adjusted profit $9.2m, Full year dividend 0c