Prudential Insurance and G4S shares up on strong results

Prudential Insurance and G4S shares up on strong results

Prudential Insurance released impressive half year results on Wednesday, with a 6 percent increase in operating profits causing shares to jump.

Earnings came in above analysts’ expectations at £2.06 billion for the half year period. The company had strong success in its Asian arm, where profits rose 15 per cent, posting an operating profit of £743 million.

Prudential plc (LON:PRU) is currently up 1.90 percent at 1,419.00 (1041GMT).

G4S shares fly on half year results

G4S shares are trading up nearly 20 percent this morning after a strong set of half year results.

Revenue rose to £3.53 billion, with profits before tax rising to £115 million – up from just £80 million last year. The company has shrugged off various scandals over the past few years, including the recent revelation that the Orlando nightclub killer was an employee. Despite this the company insisted that demand has “remained positive”, with CEO Ashley Almanza saying the company has “delivered tangible results”.

G4S (LON:GFS) shares are currently up 18.30 percent at 231.20 (1048GMT).

 10/08/2016