Insurer Prudential (PRU) led the index, up 5.7% at £19.30 on its plans to hive off its recently formed United Kingdom and European M&G Prudential group into a separate London-listed FTSE 100 business.
'There is also the value release potential from the exit of £34bn of United Kingdom annuity assets to consider, with redeployment possibly leading to an additional 5% value release over time'.
"This will enable it to play a greater role in developing the savings and retirement markets in the United Kingdom and Europe through two of the financial sector's most trusted brands, while Prudential plc will be able to focus on the attractive returns and growth potential of its market-leading businesses in Asia and the USA", he explained.
Commenting on the results, Mike Wells, Group Chief Executive, said, "Our clear, consistent strategy, high-quality products and constantly improving capabilities have enabled us to deliver excellent progress across the Group, led by double-digit growth in our Asia business".
Prudential said on Wednesday it is splitting off its savings and investment-focused business M&G Prudential, which will be headquartered in London.
M&G Prudential will be led by its current chief executive John Foley and will continue its drive to become a more capital-efficient and customer-focused business, targeting growing demand for comprehensive financial solutions. This news also follows the decision to sell off £12 billion of its United Kingdom annuities book to Rothesay Life.
The transition to a Part VII transfer will see all of the underlying assets and policy liabilities transferred to Rothesay Life, subject to regulatory and court approval. The separation of the United Kingdom and European unit will enable each business to hone in on specific strategic objectives. Prudential's shares are changing hands 5.97 percent higher at 1,934.55p.
Gerard Craft of Niche won "Best Chef: Midwest" in 2015 , and Kevin Nashan of Sidney Street Cafe took the same award past year . The list announced Wednesday includes those whittled down from a list of semifinalists announced in February .
Nothing has been confirmed about what will be revealed at E3 but past year Microsoft revealed the Xbox One X and games for it. They will be doing things in a similar fashion this year but with more inclusion with the fans at the Microsoft Theater.
Potentially impacted areas include Wise, Russell and Washington counties in Virginia along with Johnson County in Tennessee. With spring just a week away, this should be our last brush with accumulating snow for winter.
Gasoline stocks fell by 6.3 million barrels, compared with analysts' expectations in a Reuters poll for a 1.2 million-barrel drop. Zanganeh says USA oil production will remain under control and not flood the market.
TA source told AP that McCabe is suspected of misleading internal investigators about a media leak, an allegation he denies. Strzok was removed from the Mueller team in July, though the reason for his ouster was not reported until December.
Mississippi State, which won 32 straight games before losing to SC , opens play on March 17 against 16-seed Nicholls State. Barring one of the greatest upsets in the history of the sport, UConn will play the victor of that game Monday at Gampel.
Broadcom's access to the president may have led it to underestimate what was needed to win the approval process. The saga took a surprising turn on Monday 12th, when the White House issued an order blocking the purchase .
Kono told reporters Wednesday that he "regretted" that Tillerson was sacked as the two had established a trusting relationship. Either way, Trump's freewheeling style is set to sidetrack the Senate. "Did he fire him or have him put to sleep?" he asked.
Back in the 1970s it was a good idea to play for a goalless draw away from home in the first-leg, not now. We have a match on Saturday, we have no time to be sad for more than 24 hours and that's football .
Yellow weather warning issued for rain tonight
The Met Office has today (Wednesday) officially put a weather warning for snow in place for Sunday across the region. Maxey said temperatures in London, which reached double digits on Tuesday, would fall as low as 5C by Sunday.
Venus knocks out Serena, Wozniacki marches on
Serena Williams' first official tournament since becoming a mom in September was cut short by older sister Venus in Indian Wells . She emphatically closed out the 36-minute set with back-to-back aces that clocked 108 miles per hour and 120 miles per hour .